Individual coverage health reimbursement arrangements (ICHRAs) are a popular benefit for companies of all sizes looking to reimburse their employees for individual health insurance and medical expenses. Many business owners wonder “Am I allowed to participate too?”
As with many IRS rules, the answer depends. In the infographic below, you can see what kinds of business owners are or are not eligible to participate in the ICHRA and when.
Infographic: Business owner eligibility under an ICHRA
Looking for more details on ICHRA eligibility? Check out our new eBook describing how a ICHRA works for employees as well as business owners in many different insurance situations: The Complete Guide to Offering an ICHRA in 2020.