There are two primary differences between an ICHRA and a traditional HRA:

  1. An ICHRA can reimburse individual insurance premiums, while a traditional HRA cannot
  2. A traditional HRA must be “integrated” with a group health plan, whereas an ICHRA works with individual insurance plans

To read our further discussion on the benefits and downsides of ICHRA, read our blog titled, “ICHRA pros and cons”.

Did this answer your question?