Yes!
If you prefer, you can design your ICHRA to allow for the reimbursement of insurance premiums only. For a reminder of the types of insurance plans that qualify for reimbursement through ICHRA, check out this Help Article: What type of plans can my employees get to qualify for ICHRA?
For a reminder on how ICHRA interacts with your employees Premium Tax Credits, check out this Help Article: What happens to premium tax credits with ICHRA?