The Rise of ICHRAs: Exploring Alternatives to Group Plans
Update: 2024-11-04
Description
Historically, there have been few, if any, alternatives to employers offering and managing their employee group insurance benefits; Especially for specific segments of employer populations that lack eligibility to group plans like gig workers. But one avenue in particular is garnering increasing interest among small and large employers alike — ICHRAs. ICHRAs, or Individual Coverage Health Reimbursement Arrangements, are relatively new to the market, so even many HR pros may be unfamiliar with what they are and why they are gaining interest. Joining us to unpack ICHRAs and where they may fit into an employer’s strategy is Andrew Reeves, SVP & general manager at Gravie.
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