Tax-advantaged accounts
ICHRA (Individual Coverage HRA)
A 2019-introduced HRA where the employer reimburses employees tax-free for individual health insurance premiums and qualified medical expenses. No size limits, no contribution caps. Employees must be enrolled in qualifying individual coverage. ICHRA replaces traditional group health for the employer offering it.Last reviewed: · TMRW Benefits is a benefits brokerage, not a tax or legal advisor. Consult a CPA or attorney for situation-specific guidance.
Related terms
QSEHRA (Qualified Small Employer HRA)
HRA for under-50-FTE employers without group health.
Read definitionHRA (Health Reimbursement Arrangement)
Employer-funded reimbursement account.
Read definitionACA (Affordable Care Act)
2010 federal law restructuring U.S. health insurance markets.
Read definitionMore in Tax-advantaged accounts
HSA (Health Savings Account)
Triple-tax-advantaged. Pairs with HDHP. Rolls over.
FSA (Flexible Spending Account)
Pre-tax employer account. Use it or lose it.
Limited-purpose FSA
FSA for dental and vision only. HSA-compatible.
Dependent Care FSA (DCFSA)
Pre-tax account for childcare or eldercare expenses.
HRA (Health Reimbursement Arrangement)
Employer-funded reimbursement account.
QSEHRA (Qualified Small Employer HRA)
HRA for under-50-FTE employers without group health.
Have a benefits question?
Ask a benefits advisor.
Jesse reads every contact submission personally. If your question is straightforward, you'll get a written reply. If it needs a call, we'll set one up.