Why ICHRAs may soon be a thing of the past

That’s why the work that the Biden Administration is doing to protect workplace health care from a controversial Trump-era regulation is so important. In one of his first acts as president, Joe Biden directed his agencies to review two particular health care rules: one that boosted junk health insurance plans on the individual market and another – a system called ICRHA – that would sever the traditional bonds of trust between an employer and its employees.

Individual Coverage Health Reimbursement Arrangements (ICHRAs) are an invention of the last administration that sought to weaken the quality of benefits that employees receive from their employers. While some brokers and insurers are hoping to make a quick buck out of this misguided system, the Biden administration has signaled that the window is closing, and that’s a good thing for workers and any employer who cares about the people they hire.