CHOICE Arrangements offer employers an easier way to help finance coverage and give workers something too few have today — control over their own health insurance.
Federal officials just gave one of the most promising innovations in health insurance a badly needed name change.
The Centers for Medicare and Medicaid Services has rebranded Individual Coverage Health Reimbursement Arrangements — otherwise known as ICHRAs — as “CHOICE Arrangements,” short for Custom Health Option and Individual Care Expense.
The new name gets at what makes these arrangements so valuable. Instead of choosing coverage for workers, an employer can give them tax-free money and let them pick the individual-market plan that best fits their needs.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
A new name for a better way to buy health insurance
Sally C. Pipes
CHOICE Arrangements offer employers an easier way to help finance coverage and give workers something too few have today — control over their own health insurance.
Federal officials just gave one of the most promising innovations in health insurance a badly needed name change.
The Centers for Medicare and Medicaid Services has rebranded Individual Coverage Health Reimbursement Arrangements — otherwise known as ICHRAs — as “CHOICE Arrangements,” short for Custom Health Option and Individual Care Expense.
The new name gets at what makes these arrangements so valuable. Instead of choosing coverage for workers, an employer can give them tax-free money and let them pick the individual-market plan that best fits their needs.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.