Statements (42)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
health reimbursement arrangement
|
| gptkbp:abbreviation |
gptkb:ICHRA
|
| gptkbp:affects |
Affordable Care Act premium tax credits eligibility
|
| gptkbp:canBe |
group health plan premiums
premiums for individual health insurance qualified medical expenses under Section 213(d) of the Internal Revenue Code |
| gptkbp:COBRAApplicable |
yes
|
| gptkbp:countryOfOperation |
gptkb:United_States
|
| gptkbp:eligibility |
employees offered a traditional group health plan
employees enrolled in individual health insurance coverage |
| gptkbp:employeeClassesAllowed |
full-time employees
part-time employees seasonal employees employees in different geographic locations hourly employees non-resident aliens with no U.S. income salaried employees temporary employees of staffing firms employees covered by a collective bargaining agreement |
| gptkbp:employeeOptOutAllowed |
yes
|
| gptkbp:employerContributionLimits |
no annual dollar limit
|
| gptkbp:ERISAApplicable |
yes
|
| gptkbp:fundedBy |
employer
|
| https://www.w3.org/2000/01/rdf-schema#label |
Individual Coverage HRA
|
| gptkbp:integratesWith |
gptkb:Medicare
|
| gptkbp:introduced |
gptkb:U.S._Department_of_the_Treasury
gptkb:U.S._Department_of_Health_and_Human_Services gptkb:U.S._Department_of_Labor |
| gptkbp:minimumClassSize |
10% of employees for employers with 100-200 employees
10 employees for employers with fewer than 100 employees 20 employees for employers with more than 200 employees |
| gptkbp:minimumClassSizeRequirement |
applies if both ICHRA and group health plan are offered
|
| gptkbp:noticeRequirement |
employers must provide written notice to eligible employees
|
| gptkbp:purpose |
reimburse employees for qualified medical expenses
reimburse employees for individual health insurance premiums |
| gptkbp:regulates |
IRS Notice 2019-45
Final Rule 84 FR 28888 |
| gptkbp:startDate |
January 1, 2020
|
| gptkbp:taxStatus |
tax-free to employees
|
| gptkbp:website |
https://www.cms.gov/newsroom/fact-sheets/individual-coverage-health-reimbursement-arrangements-ichras
|
| gptkbp:bfsParent |
gptkb:Health_Reimbursement_Arrangement
|
| gptkbp:bfsLayer |
7
|