More employers using and growing employee ICHRAs

"Personalized health care benefits that allow the employee to make their own choice of plan based on a set budget are a win-win for small to midsize organizations and their employees," Victoria Glickman Hodgkins, the PeopleKeep CEO, says.

By Willa Hart | November 23, 2022 at 08:00 AM

In the United States, it's long been commonplace for employers to offer a single health plan to all employees. Now, some companies are taking advantage of a new tool that offers more flexibility to workers. Individual Coverage Health Reimbursement Arrangements, or ICHRAs, offer employees a set budget for premiums or health care costs, allowing employees to pick the health care plan that works best for them.

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