ICHRA: A New Alternative for Employer-Sponsored Healthcare

Employers and consumers are struggling with skyrocketing healthcare costs – with close to double-digit increases on the horizon. Can the ACA provide a better alternative? Today the marketplaces offer millions of Americans health insurance options at significantly lower costs compared to traditional employer-sponsored plans. But can the marketplaces grow to offer new opportunities for employers and employees? Individual Coverage Health Reimbursement Arrangements, or ICHRA, may be the answer. ICHRA enables employers to provide a fixed dollar amount for employees to purchase the health insurance of their choosing. Will ICHRA be the next frontier of employer-sponsored healthcare? Does ICHRA represent the future of health insurance shopping for individuals? Can it pioneer a new era of consumer-driven healthcare?