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The employer uses the ICHRA to reimburse employees for health insurance premiums, medical bills, dental care, and vision care. The employer can set up an HRA for each employee or a group of employees.
A health reimbursement arrangement (HRA) is an employer-funded plan that reimburses employees for medical expenses and, sometimes, insurance premiums.
In the event the amount contributed to the Individual Coverage HRA by the employer is insufficient to cover 100% of the cost of an employee’s health insurance coverage purchased on the ...
Employers can help with employees’ health insurance expenses in several ways. However, if you don’t use a pretax shelter provided by the IRS, such as a health reimbursement arrangement (HRA ...
If the employee has a health savings account (HSA), the employer may contribute the amount of the insurance premiums. The combined maximum the employer and employee can contribute to an HSA in ...
Health Reimbursement Arrangements (HRAs) are employer-funded plans that reimburse employees for eligible medical expenses, such as doctor visits, prescriptions, and insurance premiums.
Thatch provides information on health insurance options for startups, including federal and state requirements, tax benefits, ...
Health savings accounts (HSAs) and health reimbursement arrangements (HRAs) offer two different tax-advantaged ways for employees to save for medical expenses. Here's information about HRA vs HSA.
Health insurance is now unique to the individual. With an ICHRA, every participating employee has control over their own coverage. Depending on the plan employees choose, they might have a ...
President Joe Biden’s promise to give every American access to affordable health insurance is well-intentioned, but his plan’s policy elements—a public option, a permanent expanded tax ...