For employers in most states, the main obstacle to cash-for-coverage programs was health insurers’ use of medical underwriting in the individual market.

Transamerica has added a new kind of “cash for health coverage” program — an individual coverage health reimbursement arrangement program — to its employee benefits menu.

A worker with a Transamerica ICHRA can use a debit card to pay individual health insurance premiums or other eligible bills, the company says.

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