The New ICHRA and EBHRA Expand Health Coverage

The Departments of Labor, Treasury, and HHS jointly issued a final rule to expand the flexibility and use of HRAs.

The final rule creates two new types of HRAs—the individual coverage HRA and the excepted benefit HRA. It also leaves all existing HRA designs intact (HRAs integrated with group health plans, qualified small employer HRAs (QSEHRAs), retirement HRAs, and the IRS-modified HRAs designed to be compatible with health savings accounts—limited-purpose HRAs, post deductible HRAs and suspended HRAs).

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