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Flowchart: Are My Staff Eligible for ICHRAs?

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On June 13, 2019, the Trump administration finalized a brand new rule that enables employers to start out providing well being reimbursement preparations (HRAs) as quickly as January 1, 2020, to staff who enroll in particular person well being protection. Previously, most HRAs needed to be “built-in” with group protection to adjust to the Inexpensive Care Act (ACA).

Funds on this new “particular person protection HRA” (ICHRA) will probably be accessible to reimburse premiums for particular person medical health insurance, whether or not provided on or off an ACA trade, in addition to Medicare protection. However first, the ICHRA should meet numerous circumstances to adjust to the brand new guidelines.

That can assist you determine which staff might be provided an ICHRA, use the flowchart beneath.

HRA

The submit Flowchart: Are My Staff Eligible for ICHRAs? appeared first on HR Every day Advisor.

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