3 Important Details in the New Individual Coverage HRA Regs
June 17, 2019 by Allison Bell
Take Health Command has had a front-row seat on federal agency efforts to draft and complete the new individual coverage health reimbursement arrangement (ICHRA) regulations.
The Dallas-based startup already provides compliance services, employee enrollment services and other support services for the new ICHRA’s older sibling: the qualified small employer HRA (QSEHRA). The firm’s basic package of QSEHRA services costs $15 per employee per month.
Now the company is looking at the new ICHRA administration opportunity.
If the regulations posted Thursday take effect as written and work as drafters at the Internal Revenue Service, the Employee Benefits Security Administration and the U.S. Department of Health and Human Services, employers will be able to use ICHRAs provide cash that employees can use to buy their own major medical coverage starting in January 2020.
Click HERE to read the full story via ThinkAdvisor.