Update: On June 14, 2019, President Donald J. Trump announced that individual coverage HRAs will be available to employers of all sizes for plan years beginning on or after January 1, 2020. This article is updated to reflect this fantastic news.
Since changing to a new HRA model takes time in planning for the transition, employers should learn as much as possible about the ICHRA long before the open enrollment period for plan years beginning January 1, 2020.
More information and resources will be available soon. Be sure to check back for updates, or register for our ICHRA News alerts.
Update:
Core Documents’ complete guide to the ICHRA is now available!
With President Trump’s latest announcement on health care (watch the announcement here), the promise of Executive Order No. 13813 is fulfilled.
Americans are no longer held to over-sized, over-priced cookie-cutter group health plans. Now, employers of any size can provide funding that reimburses employees for their own purchase of individual health coverage that best fits their health care needs.
The new individual coverage HRA (ICHRA) also brings much-needed relief to employers struggling to meet the large employer mandate under the Affordable Care Act (ACA) and for smaller employers wanting to provide better coverage for workers than a QSE-HRA allows.
Like all tax-saving benefit plans, a written plan document is required to establish the individual coverage HRA.
Health Insurance YOUR WAYNo two people have the same health coverage needs. That’s why one-size-fits-all group health plans are often a less effective solution for most of us. With the new ICHRA, businesses can now return health coverage choice to employees. It’s all about having health insurance your way. $199 in PDF via email* $249 in PDF email* + Deluxe Binder via USPS |
Order your ICHRA plan document today:
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![]() *Basic plan design |
Core Documents is the country’s leading provider of cost-effective, tax-saving benefit plan documents for Section 125 Cafeteria plans and Health Reimbursement Arrangements. The Trusted Source since 1997, thousands of satisfied agents and employer groups nationwide rely upon Core Documents for free plan design consulting services, plan document updates, ERISA Wrap SPDs, and administration services.