Learn the similarities and differences between the qualified small employer health reimbursement arrangement (QSEHRA) and the individual coverage health reimbursement arrangement (ICHRA).
Not sure which HRA is best for your organization? If you’re a business owner wanting to offer a health benefit for the first time or searching for an alternative to traditional group health insurance, a health reimbursement arrangement (HRA) is an easy to manage employee benefit.
Two popular HRAs that are cost-effective and flexible for benefits administrators are the qualified small employer HRA (QSEHRA) and the individual coverage HRA (ICHRA).
The QSEHRA is uniquely suited for small employers, while the ICHRA can be offered by employers of all sizes. Both allow organizations to give money to their employees to purchase individual health coverage and other out-of-pocket medical expenses.
While both HRAs operate in similar ways, they vary in how they can be customized, who they can be offered to, and more.
Learn more about the differences between a QSEHRA and an ICHRA: www.peoplekeep.com/qsehra-vs-...
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