| Feature | Traditional HRA | ICHRA | QSEHRA | Excepted Benefits HRA |
|---|---|---|---|---|
| Reimburses individual health plan premiums? | No | Yes | Yes | No |
| Must offer a group health plan? | Yes | No | No - QSHERAs can only be offered on a standalone basis | Yes |
| Employer size limit | None | None | <50 FTE | None |
| Affects Premium Tax Credit (PTC - ACA subsidy) eligibility? | No | Yes | Yes | No |
| Federal contribution cap | None | None | Yes | Yes |
| Can reimburse 213(d) expenses | Yes | Yes | Yes | Limited (excepted benefits only) |
| Requires MEC to participate | N/A | Yes | Yes | No (excepted benefits only) |
| COBRA applies | Yes | Yes | No | Yes |