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Who is Eligible for the Individual Coverage HRA (ICHRA)?

PeopleKeep

With this type of HRA, employers can reimburse employees tax-free for their individual health insurance premiums and other qualified out-of-pocket costs. One type of HRAs is the individual coverage HRA (ICHRA). But before you offer an ICHRA at your organization, you must understand its eligibility requirements.

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It’s Time for a Mid-Year Financial Check-Up

Money Talk

In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. Now is a good time to explore money-saving strategies to reduce insurance costs. have generally trended up.

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3 in 4 Workers Would Accept Lower-Pay for Better Benefits: Survey

InterWest Insurance Services

A new study has found three out of four U.S. The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. Those funds are also not taxed.

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Financial Burnout in 2025: How to Address Employee Concerns

Best Money Moves

Employers can help by offering more comprehensive health plans that minimize out-of-pocket costs from the start. Encourage employees to set aside income to cover future medical costs through pre-tax income programs such as health savings accounts.

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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

It stressed two main points: High deductibles — The report found one of the main drivers of stress was high deductibles and other out-of-pocket costs. These are funded with deductions from the employees’ salaries before taxes are taken out.

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As Health Care Costs Bite, Here’s How You Can Help Your Workers

InterWest Insurance Services

Even if you are providing them with a robust plan, there are often out-of-pocket cost-sharing and deductibles to contend with. For employees in high-deductible health plans, the costs can be steep. Many preventative services are covered with no out-of-pocket cost-sharing, but checkups usually are not.

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Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Benefit Resource (BRI) is here to help you use your pre-tax funds to combat some of the costs that come with welcoming your new addition. Try to do your best and max out HSA contributions.

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