SB2868

Mississippi SB2868 allows employers to claim a tax credit for offering Individual Coverage Health Reimbursement Arrangements (ICHRA) to employees.

Mississippi SB2868 provides an income tax credit for employers offering Individual Coverage Health Reimbursement Arrangements (ICHRA) to employees instead of traditional employer-provided health insurance plans. Employers with fewer than 50 employees can claim a credit of up to $400 per covered employee for the first taxable year and up to $200 per employee for the second year. The total credit claimed annually cannot exceed $10 million.