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Individual Coverage Health Reimbursement Arrangement (ICHRA)
Beginning in 2015, the Affordable Care Act’s (ACA) employer mandate required large employers to offer ACA-compliant health insurance to avoid tax penalties.
Starting in 2020, employers gained an alternative option through Individual Coverage Health Reimbursement Arrangements (ICHRAs), which allow businesses to reimburse employees tax-free for individual ACA plans while remaining compliant.
An ICHRA offers your organization a flexible alternative to traditional group health insurance. Instead of providing a one-size-fits-all group plan, you can give your employees — or specific employee classes — tax-free reimbursements so they can purchase the individual health insurance that best fits their personal needs.
Predictable healthcare costs
Elimination of claims risk
Reduced administrative burden
ACA employer mandate-compliant
Access to more plans and carriers
Employer-funded subsidies
Greater visibility into value
Portable health plans
By choosing an ICHRA strategy through Via Benefits, your organization is supported by over 150 years of experience in employee benefits and the breadth of resources available from WTW. Via Benefits has been a leader in the Medicare marketplace and in spending accounts administration for nearly 20 years and now brings that knowledge and experience to your active employees.
ICHRA basics
