ICHRA is now CHOICE
CHOICE Arrangements (formerly known as the Individual Coverage Health Reimbursement Arrangements, or ICHRAs) are a way for employers to provide tax-free reimbursements to employees for qualified medical expenses up to a set annual amount, including monthly premiums and out-of-pocket costs, without offering traditional group health coverage. To use the funds, employees must have their own individual health insurance plan (like one from the Marketplace). Read More
