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Are ICHRAs Actually Good for Employers and Employees?

Individual Coverage Health Reimbursement Arrangements (ICHRA) have seen a rise in adoption, up by 29% between 2023 and 2024, allowing employers to provide pre-tax dollars to cover health insurance premiums and medical expenses. ICHRAs offer more flexibility and choice to employees, significantly benefitting smaller employers struggling with rising healthcare costs. Despite concerns about the complexity of choosing a health plan, experts predict more adoption due to their potential to control costs and provide choice.

Source: medcitynews.com –

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