HRA letters ICHRAs are similar to other HRAs, such as health savings accounts, in that they allow employers to set aside funds to reimburse employees for expenses related to health care. (Photo: Shutterstock)

Individual coverage health reimbursement arrangements (ICHRAs), which authorize employers to subsidize individual coverage that workers purchase on their own, have made little headway in New York, according to a new study by the United Hospital Fund. Although they took effect last January, which was too late for many employers' open enrollment, they are an option for this enrollment season, said Peter Newell, director of the fund's Health Insurance Project.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.