Search results: ichra

Published the 8 November 2022 by Gene C. Ennis No comment

Individual Coverage HRA (ICHRA) Plan Document Package $199 The Individual Coverage HRA (ICHRA) returns consumer choice and affordability to employer-based health coverage. $199 one-time fee in PDF via email* $249 one-time fee in PDF email* + Deluxe Binder No two people have the same health coverage needs. That’s why one-size-fits-all group health plans are often […]

Published the 1 August 2019 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, PPACA , ObamaCare and Section 125 & HRAs, QSE-HRA No comment

On Friday, June 14, 2019, President Donald J. Trump announced the expansion of Health Reimbursement Arrangements (HRA) to benefit small businesses and their employees. The new Individual Coverage HRA (ICHRA) returns consumer choice and affordability to employer-based health coverage. Video: President announces new Individual Coverage HRA (ICHRA) for American health care freedom (1:19) Jump to […]

Published the 18 June 2009 by Gene C. Ennis No comment

Individual Coverage HRA: Choice and affordability in employee health benefits On Friday, June 14, 2019, President Donald J. Trump announced the expansion of Health Reimbursement Arrangements (HRA) to benefit small businesses and their employees. Keeping with promises made in Executive Order 13813 (October 2017) and during his campaign, the administration has worked tirelessly with the […]

Published the 2 August 2018 by Gene C. Ennis in Uncategorized, Health Reimbursement Arrangements HRA Plans, QSE-HRA, Qualified Small Employer HRA, Individual Coverage HRA (ICHRA) No comment

The Individual Coverage HRA and the Qualified Small Employer HRA both free employers and their employees from the burdens of one-size-fits-all traditional group health plans. Yet, there are subtle differences between the two. Small employers evaluating these HRA designs for a best fit will find our ICHRA to QSE-HRA comparison helpful.   ICHRA vs. QSE-HRA […]

Published the 15 November 2019 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, QSE-HRA, Qualified Small Employer HRA, Individual Coverage HRA (ICHRA) No comment

The Individual Coverage HRA and the Qualified Small Employer HRA both free employers and their employees from the burdens of one-size-fits-all traditional group health plans. Yet, there are subtle differences between the two. Small employers evaluating these HRA designs for a best fit will find our ICHRA or QSE-HRA comparison helpful. ICHRA or QSE-HRA — […]

Published the 12 July 2019 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, Excepted Benefit HRA (EBHRA) No comment

The new Individual Coverage Health Reimbursement Arrangement is an opportunity for employers to abandon one-size-fits-all traditional group health plans in favor of returning health coverage choice to employees. Here is how to set up a new Individual Coverage HRA. How to set up a new Individual Coverage HRA for employees No two people are exactly […]

Published the 30 August 2020 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, PPACA , ObamaCare and Section 125 & HRAs, Individual Coverage HRA (ICHRA) No comment

Employers providing an Individual Coverage HRA must distribute a required annual “Notice to Employees” at least 90 days before the start of a 2024 ICHRA plan year. Plan sponsors must know when the notice is due and how it coordinates with the 2024 open enrollment period, special enrollment periods, and substantiation of coverage.   All […]

Published the 4 June 2020 by Gene C. Ennis in Uncategorized, Health Reimbursement Arrangements HRA Plans, Health Savings AccountsHSA Plans, Individual Coverage HRA (ICHRA), Health FSA No comment

With the new ICHRA, employers can reimburse employees for their purchase of individual health insurance coverage. Employers can also set terms to let an ICHRA reimburse more than health insurance premiums.     The Individual Coverage Health Reimbursement Arrangement (ICHRA) is a new HRA available for plan years beginning January 1, 2020, and later. Like […]

Published the 31 July 2019 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, PPACA , ObamaCare and Section 125 & HRAs, Individual Coverage HRA (ICHRA) No comment

Employees (and their dependents) must provide ICHRA substantiation of coverage before the employer can make a reimbursement. This substantiation of coverage is required at the beginning of every plan year and with every request for reimbursement. Substantiation of Coverage Under the final rules, employers offering an Individual Coverage HRA must enact reasonable procedures to ensure […]

Published the 3 November 2022 by Gene C. Ennis in Health Reimbursement Arrangements HRA Plans, Individual Coverage HRA (ICHRA) No comment

By Gene Ennis If your group is eligible you can set up and self-administer an ICHRA for just $199 for the required plan documents. The only pressing issue right now would be choosing your future effective date and distributing the required ICHRA 90 Day Notice in advance of that effective date. The main goal of […]
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