Individual Coverage Health Reimbursement Arrangements (ICHRAs) are employer-sponsored health benefit options that allow employers to reimburse employees for the cost of individual health insurance premiums and qualified medical expenses. Since their debut in 2020, ICHRAs have started to garner more attention, and uptake has started to accelerate. The growth of ICHRAs could significantly impact stakeholders across the healthcare industry — impacting employers’ health benefits options, health plans’ enrollment numbers, providers’ reimbursement rates, and vendors’ potential new markets.