Employers Shift Towards Individual Health Insurance Allowances

Reported about 9 hours ago

An increasing trend among employers is offering cash to workers for purchasing their own health insurance through Individual Coverage Health Reimbursement Arrangements (ICHRAs). Data shows a 50% jump in ICHRA coverage, with small businesses leading this charge as they look to provide health benefits for the first time. ICHRAs allow employees more choice and flexibility in their health plans while helping employers control costs amidst rising healthcare premiums.

Source: YAHOO

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