When the need for insurance distribution infrastructure became clear, Vericred Co-Founder and CEO, Michael Levin, combined forces with technology expert, Daniel Langevin, to build a powerful platform. Today, Vericred is the industry leader in building the infrastructure for the digital distribution and fulfillment of health insurance and employee benefits. Our team is across the United…
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This week the IRS released final regulations clarifying how an individual coverage HRA (ICHRA) must be designed to satisfy §4980H offer of coverage requirements, §§6055 and 6056 employer reporting requirements, and benefit nondiscrimination rules. The rules finalize what was set forth in the proposed regulations released late in 2019 with no significant changes. The final…
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The Equal Employment Opportunity Commission (EEOC) released an opinion letter clarifying what is permitted for employer contributions or funding of an individual coverage HRA (ICHRA) under the Age Discrimination in Employment Act (Act). The EEOC addressed two scenarios: (i) an ICHRA offering where the employer makes the same monthly dollar amount available to all ICHRA…
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