ICHRA – A New Game In Town

​A couple of years ago, the QSEHRA was meant to be the savior for small employers wanting to offer coverage. Now, it’s on it’s way out and making room for two new programs. Here's a review of the first one: the ICHRA.

Effective January, 2020, two new HRA programs come in to effect, giving employers more options and flexibility for providing benefits. Gina Marken is President and resident alphabet soup expert at Sound Benefit Administration. We're sharing her blog post, It’s an Alphabet Soup Frenzy: Hello ICHRA & EBHRA, Goodbye QSEHRA, which provides an overview of what we can expect from the first of the new programs, the Individual Coverage Health Reimbursement Arrangement (ICHRA).

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About the author: Meeting the needs of customers is the driving force behind Gina Marken, owner of Sound Benefit Administration (SBA). Having worked for an insurance broker and as a former bookkeeper, in 2003, Gina saw a need for more third-party administrators to assist companies in managing federally regulated plans and founded SBA. SBA started with COBRA and today has expanded to be a true “alphabet soup” expert, offering administrative services for FSAs, HRAs, QSEHRAs and HSAs. Gina is respected throughout the industry as a resource for brokers, employers and participants. 

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