Effective Jan 1, 2020 - Employers can contribute to an ICHRA tax free to the employee to purchase Individual Health Coverage

Beginning January 1, 2020, businesses of all sizes will have a new health benefits option: the individual coverage health reimbursement arrangement (ICHRA). With an ICHRA, businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses. 

An ICHRA allows businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses.

Read On:  https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/new-final-rule-lets-employees-use-hras-to-buy-health-insurance.aspx

Article Credit:
SHRM - Stephen Miller - June 14, 2019