What’s an ICHRA

An Individual Coverage Health Reimbursement Arrangement, or ICHRA for short, is a newish group health benefit where employers are able to give their employees a set amount of pre-tax money to help pay for their health insurance premiums. Despite its mouthful of a name, ICHRA is pretty simple and aims to make offering health benefits a breeze while offering employees more choice.

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How does StretchDollar's ICHRA work?

We designed our ICHRA group plans for small businesses — simplifying nearly everything about health benefits and making it possible to get access to benefits in a snap. In a nutshell, our plans work like this:

1. Your employer has set aside tax-free money each month (the benefit) to help pay for employees’ health insurance premiums.
2. Employees choose a health insurance plan that fits their needs, and they use the monthly pre-tax benefit to help cover the cost.

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StretchDollar transfers the pre-tax money from the employer to the employee in a safe and compliant way. We also offer licensed brokers to guide employees to a health plan that fits their needs.

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