IRS ICHRA Guidance on Affordability and the ACA's Employer Mandate | Practical Law

IRS ICHRA Guidance on Affordability and the ACA's Employer Mandate | Practical Law

In January 2021, the Department of Treasury's Internal Revenue Service (IRS)—during the final days of the Trump administration—preliminarily issued final regulations addressing how the Affordable Care Act's (ACA's) employer mandate applies to health reimbursement arrangements (HRAs) that are integrated with individual health insurance coverage (as permitted under Trump administration final regulations issued in June 2019). These arrangements are known as individual coverage health reimbursement arrangements (ICHRAs). However, the Biden administration (upon taking office) issued an order on January 20, 2021 requiring withdrawal of Treasury's January 2021 final regulations on ICHRAs.

IRS ICHRA Guidance on Affordability and the ACA's Employer Mandate

Practical Law Practice Note w-022-2418 (Approx. 10 pages)

IRS ICHRA Guidance on Affordability and the ACA's Employer Mandate

by Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
In January 2021, the Department of Treasury's Internal Revenue Service (IRS)—during the final days of the Trump administration—preliminarily issued final regulations addressing how the Affordable Care Act's (ACA's) employer mandate applies to health reimbursement arrangements (HRAs) that are integrated with individual health insurance coverage (as permitted under Trump administration final regulations issued in June 2019). These arrangements are known as individual coverage health reimbursement arrangements (ICHRAs). However, the Biden administration (upon taking office) issued an order on January 20, 2021 requiring withdrawal of Treasury's January 2021 final regulations on ICHRAs.