Take Command Health
Individual Coverage HRA HEAT MAP

Is an individual coverage HRA a good choice in my location?

In roughly half of the country, individual health insurance rates are lower than their small group counterparts. This means benefits dollars will stretch further in those areas with an individual coverage HRA.

 

Note: If a county is green, that means it's a slam dunk for ICHRA. If it's white or light orange, it's worth having a conversation. 

 

 
*Data Courtesy of Ideon, 2023 rates based on bronze plans for 50 year olds.
 
Individual
More Expensive
Small Group
More Expensive
Small Group:
Individual:
Data courtesy of Ideon
Map graphic courtesy of MapSVG

What is an Individual Coverage HRA? 

An individual coverage health reimbursement arrangement, or individual coverage HRA (ICHRA), is an employer-sponsored health plan which reimburses employees tax-free for certain health care-relaxed expenses, usually in the form of a set dollar amount. This HRA is separate from a qualified small employer health reimbursement arrangement (or QSEHRA), which will be discussed later. 

One of the most alluring aspects of an ICHRA is that employees are free to shop for a health insurance plan or policy that works for them instead of the employer making a choice for every employee. Employees can benefit from ICHRAs because of their customizability – if an employee’s existing health insurance plan qualifies, they can retain their policy with no problem.

Find out what an ICHRA can do for your company

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