Business owner eligibility under an ICHRA [infographic]

Written by: Abby Rosenberger
April 21, 2020 at 7:00 AM

Individual coverage health reimbursement arrangements (ICHRAs) are a popular benefit for companies of all sizes looking to reimburse their employees for individual health insurance and medical expenses. Many business owners wonder "Am I allowed to participate too?"

As with many IRS rules, the answer depends. In the infographic below, you can see what kinds of business owners are or are not eligible to participate in the ICHRA and when.

Infographic: Business owner eligibility under an ICHRA

ICHRA Owner Eligibility PK

Source: PeopleKeep

Looking for more details on ICHRA eligibility? Check out our new eBook describing how a ICHRA works for employees as well as business owners in many different insurance situations: The Complete Guide to Offering an ICHRA in 2020.

Topics: HRA Eligibility, Small Business, Individual Coverage HRA

Additional Resources

Trying to decide which HRA is best for you? Take our quiz to find out.
Get our guide on how to offer health benefits with a small budget.