ICHRA Health Plans in Illinois
An Individual Coverage HRA gives employees a set monthly allowance for their own health insurance, with tax benefits for both sides.
Get Covered Insurance Exchange helps Illinois employers set up an ICHRA (Individual Coverage Health Reimbursement Arrangement), which reimburses employees tax-free for individual health insurance they choose. The agency is based in Rolling Meadows. Call (814) 883-0073 to learn how it works.
With an ICHRA, the employer sets a monthly allowance and employees use it toward an individual health plan they pick for themselves. The employer controls the budget, and qualifying reimbursements are tax-free for both sides.
Employers can set different allowances for different classes of employees, such as full-time and part-time staff. We help you design the allowance, explain the rules and help your employees choose individual plans that fit them.
Where we offer ichra health plans
- ICHRA Health Plans in Rolling Meadows, IL
- ICHRA Health Plans in Glenview, IL
- ICHRA Health Plans in Des Plaines, IL
- ICHRA Health Plans in Skokie, IL
- ICHRA Health Plans in Northbrook, IL
- ICHRA Health Plans in Deerfield, IL
- ICHRA Health Plans in Buffalo Grove, IL
- ICHRA Health Plans in Chicago, IL
- ICHRA Health Plans in Elgin, IL
- ICHRA Health Plans in Naperville, IL
- ICHRA Health Plans in Aurora, IL
- ICHRA Health Plans in Waukegan, IL
- ICHRA Health Plans in Joliet, IL
- ICHRA Health Plans in Rockford, IL
- ICHRA Health Plans in Peoria, IL
- ICHRA Health Plans in Springfield, IL
- ICHRA Health Plans in Champaign, IL
Straight answers
What is an ICHRA?
ICHRA stands for Individual Coverage Health Reimbursement Arrangement. The employer gives employees a tax-free allowance to buy their own individual health insurance, instead of offering one group plan.
Who can offer an ICHRA?
Employers of any size can offer an ICHRA. Employees must be enrolled in individual health coverage to be reimbursed.
Why choose an ICHRA over a group plan?
An ICHRA gives the employer a predictable, fixed budget and lets each employee pick the plan that suits them. We compare it with a group plan so you can see which works better for your business.