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Contact Info:
Our Mailing Address:
TPA Systems Inc.
P.O. Box 4631
Pensacola, Florida 32507
TPA Systems Inc.
P.O. Box 4631
Pensacola, Florida 32507
Rather than tie employer contributions to a group health plan, the ICHRA, or Individual Coverage HRA, allows employers to make pre-determined monthly contributions that employees can use to pay for qualified medical expenses, including individual insurance coverage or Medicare.
Some advantages of sponsoring an ICHRA:
*By participating in an ICHRA, employees will no longer qualify for premium tax credits through Healthcare.gov, unless the allowance provided is considered “unaffordable,” then the employee can opt out of the ICHRA and take the premium tax credit. We provide guidance to make certain you set contribution amounts that are “affordable” and help you to avoid negatively impacting your lower income employees.
