ICHRAs, introduced under the Trump administration and gaining traction in recent years, offer employers a pre-tax way to reimburse employees for individual health insurance and medical costs. Recent data shows a 29% rise in adoption among members of the HRA Council between 2023 and 2024. This model is gaining popularity due to dissatisfaction with traditional plans, although some experts caution it may merely be a temporary fix rather than a solution to systemic challenges in healthcare affordability and quality.
ICHRAs allow employers to provide pre-tax dollars to employees for individual health insurance premiums and qualified medical expenses, enhancing choice in health coverage.
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