Implementing a health reimbursement arrangement (HRA) can be difficult for employers because there are many plan design rules for these accounts. This Compliance Overview compares key features for the different types of HRAs, including individual coverage HRAs (ICHRAs), excepted benefit HRAs (EBHRAs), retiree-only HRAs and traditional HRAs that are integrated with the employer's group health plan.
This month's Benefits Buzz examine's the latest executive order regarding health plans and discusses the final rule for expanding HRAs.
Beginning in 2020, employers of all sizes may implement a new HRA design – an individual coverage HRA (ICHRA) – to reimburse their eligible employees for insurance policies purchased in the individual market or Medicare premiums. Final rules permit employers to offer an ICHRA as an alternative to traditional group health plan coverage, subject to certain conditions. This Compliance Overview summarizes the requirements for ICHRAs.
On June 13, 2019, a final rule was issued that expands the usability of HRAs. This video provides an overview of key changes included in the final rule.
Sponsored by True Network Advisors. Presented by Maynard, Cooper, Gayle. This recorded webinar covers:
This month’s Benefits Buzz provides an overview of the proposed rule that would expand health reimbursement arrangement options, gives a reminder to provide a summary of benefits and coverage this open enrollment and discusses the Trump administration's efforts to promote transparency in drug pricing.
If certain requirements are met, Notice 2018-88 proposes that offering an individual coverage HRA would generally:
The proposed rule would allow HRAs to be integrated with individual insurance policies. The rule would also allow
employers to offer an excepted benefit HRA with traditional group coverage. Specific requirements would apply to both types of HRAs.
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