Individual Coverage Health Reimbursement Arrangements
Fund both insurance premiums and health care for employees.
What is an Individual Coverage Health Reimbursement Arrangement?
Individual Coverage Health Reimbursement Arrangements (ICHRAs) allow employers to reimburse employees for qualified medical expenses, including monthly premiums, copayments, deductibles and other out-of-pocket costs.
Employees must be enrolled in their own individual health insurance plan to receive tax-free reimbursements from an ICHRA.
Employers: Why Offer an ICHRA?
ICHRAs can reimburse health insurance premiums, healthcare expenses, or both. There is no maximum reimbursement limit. ICHRAs can be combined with an HSA.
Consistent monthly costs.
Employers can have both a Group Health Plan and ICHRA. Offer benefits to distinct employee classes.
Cost Management
Broad Funding
More Inclusive Coverage
Employees: Why Enroll in an ICHRA?
Use the ZyneraHealth virtual wallet and debit Mastercard® to make eligible purchases online and at locations that accept Mastercard®.
Employers fund the ICHRA whose reimbursements can be spent on insurance premiums, eligible healthcare expenses, or both.
ICHRA funds not taxable.
Employer-Funded
Easily Spend & Manage Funds
Tax-Free Reimbursements
What Expenses Can I Reimburse With My ICHRA?
Modern Flexible Benefits
Contacts
ZyneraHealth is a third-party administrator, not a bank. Banking services are provided by Centennial Bank, Inc., member FDIC and subsidiary of Home BancShares, Inc. Your deposit balances held at Centennial Bank, Inc. are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership). Banking services associated with ZyneraHealth accounts are available only through Centennial Bank, Inc. The ZyneraHealth Debit Mastercard® is issued by DataPath Financial Services, Inc. pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted. Annual Percentage Yield (APY) accurate as of 1/4/2024. Minimum amount to open a ZyneraHealth HSA account is $1,000. An interest rate of 0.050% applies to entire balance. Interest rates may change after account is opened. Fees may reduce earnings.
Brokerage services provided by DataPath Investment Advisors, Inc. member FINRA/SIPC. DataPath Investment Advisors, Inc. is the firm that we use to custody our client investment assets. DataPath Investment Advisors, Inc. and ZyneraHealth are separate and unaffiliated firms, and are not responsible for each other’s services or policies. DataPath Investment Advisors, Inc. does not endorse or recommend any advisor and the use of the DataPath Investment Advisors, Inc. logo does not represent the endorsement or recommendation of any advisor.
