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Franklin County reviews ICRA option, VEBA use and self-funding feasibility in benefits workshop
Summary
Commissioners heard two vendor presentations and discussed shifting county benefit design to an Individual Coverage Health Reimbursement Arrangement (ICRA)/ICHRA, the limited use of the county VEBA trust and a feasibility study for self-funding health coverage.
Franklin County commissioners and staff spent a workshop session on March 5 reviewing alternative employee-benefit strategies, including an individual health-care reimbursement arrangement (ICRA/ICHRA), options to let employees use accumulated VEBA funds for individual premiums, and a self-funding feasibility analysis.
Wes Harris and Marshall (H.W.L. presenters) introduced the ICRA concept, saying it gives employees flexibility to shop for individual Marketplace plans while receiving employer reimbursement. "What the ICRA is is it's an individual health care reimbursement plan," one presenter said, noting the proposal would allow employer contributions to be paid as cash-in-lieu and reimbursed for Marketplace premiums up to a specified amount.
Presenters emphasized two county-specific concerns: rapid cost growth in the county's VEBA contributions and limited current utilization of VEBA funds. H.W.L. staff described Franklin County’s VEBA trust as containing roughly $10 million and said…
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