On average, employers' contribution rates for single employees range from $400 to $1,200 a month and $500 to $1,500 for families. (Photo: Getty)
Individual coverage health reimbursement arrangements (ICHRAs) are gaining traction, particularly in states that have strong individual insurance markets like California, Texas, Florida and Oregon, according to an analysis of early adopters by Take Command Health, a Dallas-based HRA administrator.
Beginning this year, employers are allowed to use ICHRAs to reimburse eligible workers for premiums and other costs associated with health insurance plans that workers buy for themselves in the individual marketplace.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
