Individual Coverage Health Reimbursement Arrangement (IC-HRA)
Defined contribution healthcare for any size employer.
Health & Welfare
About this plan
An Individual Coverage Health Reimbursement Arrangement (IC-HRA) allows employers of any size to reimburse employees tax-free for individual health insurance premiums and qualified medical expenses. Unlike traditional group health plans, IC-HRAs let employers define their contribution while employees choose their own coverage. NBS administers IC-HRAs with full compliance support.
What's Included
For Employers
An IC-HRA gives you cost control with a defined contribution approach — set your budget per employee class and let employees choose the coverage that fits them. NBS handles the affordability analysis and compliance.
For Participants
Your employer provides an IC-HRA that reimburses you for individual health insurance and medical expenses. You choose your own plan — and submit claims through NBS for tax-free reimbursement.
NBS administers more than Individual Coverage Health Reimbursement Arrangement (IC-HRA)
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
