A type of
that reimburses medical expenses, like monthly premiums, and requires eligible employees and dependents to have individual health insurance coverage or Medicare Parts A (Hospital Insurance) and B (Medical Insurance) or Part C (Medicare Advantage) for each month they are covered by the individual coverage HRA.
An employer can offer an individual coverage HRA instead of other job-based insurance that meets requirements for affordability and minimum value standards.
Employees and dependents with an individual coverage HRA offer qualify for
only if the employer’s offer doesn’t meet minimum standards for affordability, and they opt out of individual coverage HRA coverage.