Dave Lantz, a father of three, used to struggle with high medical bills under a high-deductible health plan at his previous job. However, after his employer switched to an individual coverage health reimbursement arrangement (ICHRA), Lantz now receives a monthly contribution towards a family plan with zero deductible and better coverage. This new plan allows employers to control costs while providing valuable benefits to employees. While some experts have concerns about potential downsides, such as higher premiums for certain consumers, interest in ICHRAs is growing among employers. The future of these plans remains uncertain but they offer a new approach to health insurance coverage.
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