Until a few years ago, staffing firms had limited options for offering health insurance coverage to their temporary employees that protected them from employer penalties under the Affordable Care Act. Many firms had difficulty finding an insurance carrier willing to offer plans for temporary employees because of their low participation rate. Individual Coverage Health Reimbursement Arrangements (ICHRAs) are a relatively new type of plan that allows employers to reimburse employees for some or all the premiums they pay for individual health plans the employees buy on their own. In this issue paper, ASA lawyers explain why an ICHRA may be a good option for offering ACA-qualified coverage that protects against employer penalties.
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