ICHRAs are similar to other HRAs, such as health savings accounts, in that they allow employers to set aside funds to reimburse employees for expenses related to health care. (Photo: Shutterstock)
Individual coverage health reimbursement arrangements (ICHRAs), which authorize employers to subsidize individual coverage that workers purchase on their own, have made little headway in New York, according to a new study by the United Hospital Fund. Although they took effect last January, which was too late for many employers' open enrollment, they are an option for this enrollment season, said Peter Newell, director of the fund's Health Insurance Project.
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