Employer Group Health Insurance Options Are Changing in 2020 with ICHRAs

Nevada Insurance Enrollment Explains The Ins and Outs of the Individual Coverage Health Reimbursement Arrangement (ICHRA)
 
 
Employer Group Health Insurance Options Are Changing in 2020 with ICHRAs
Employer Group Health Insurance Options Are Changing in 2020 with ICHRAs
LAS VEGAS - Feb. 7, 2020 - PRLog -- Beginning in 2020, some employers will have the option of reimbursing employees' health insurance premiums by using an ICHRA as an alternative to providing a group health insurance plan. This change will provide a great deal of flexibility for both employers and employees, letting employers control costs while letting employees find a health insurance plan that will fit their lifestyle.

What Is an ICHRA?
An individual coverage health reimbursement arrangement, or ICHRA, is an employer-funded health benefit used to reimburse employees for healthcare expenses. With an ICHRA, businesses of any size can provide their employees with a monthly allowance of tax-free money that can be used to pay for approved health care services, including individual health insurance.

The Pros and Cons of ICHRAs
As with traditional employer-sponsored health insurance, ICHRAs have their positives and their drawbacks. If you'll be purchasing health insurance using an ICHRA in 2020, talk to a health insurance agent for guidance.

Read the full article: https://www.nevadainsuranceenrollment.com/employer-group-health-insurance-options-changing-in-2020-with-ichras/

Learn more: https://www.nevadainsuranceenrollment.com/group-health-insurance/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV  89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com

Contact
Nevada Insurance Enrollment
Shelly Rogers
info@nevadainsuranceenrollment.com
702-898-0554
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Tags:Health Insurance
Industry:Insurance
Location:Las Vegas - Nevada - United States
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