Your employer may offer you an Individual Coverage Health Reimbursement Arrangements (ICHRAs) instead of traditional Employer Sponsored Insurance (ESI). An ICHRA is a health savings account in which you can take funds from your employer to buy health insurance on Georgia Access. Remaining funds can be used to pay qualified medical expenses. If you have an ICHRA, you are not eligible to receive Premium Tax Credits (PTCs) unless the ICHRA is not affordable based on the thresholds set by the IRS.
Individuals who are offered an ICHRA should determine whether the ICHRA meets the federal affordability standard. To find out if your employer’s ICHRA is considered affordable, please visit Georgiaaccess.ga.gov to download a copy of the ICHRA worksheet.
You can enroll in health care coverage using funds from an ICHRA at Open Enrollment. If your employer newly offers you an ICHRA in the middle of the year, you can enroll in health care coverage with a Special Enrollment Period (SEP).