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Since the Individual Coverage Health Reimbursement Arrangement, or ICHRA, first became available in 2020, its popularity and adoption have grown rapidly. According to a new report shared by Remodel Health, in partnership with PeopleKeep, ICHRA adoption grew by 29% from 2023 to 2024 alone.
Beneficial to a variety of organizations, including small business owners and large employers, an ICRHA provides flexibility and helps employers provide tailored benefits to meet their workforce’s needs. As noted in the report, ICHRA has a consistent spread across industries and proves to be highly adaptable for many different business types – both small and large.
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