The healthcare industry has taken a hit since COVID-19 caused a tidal wave of layoffs, resulting in the loss of health insurance for employees across the country.
To make ends meet, plenty of those workers took on gig work, which can provide a paycheck but rarely comes with employer-sponsored benefits. But employers can still support these limited-time employees through an individual coverage health reimbursement arrangement (ICHRA). ICHRAs allow employers to give tax-free reimbursements for insurance premiums and other medical expenses to employees that enroll in a health plan through the individual marketplace.
