{"id":112515,"date":"2021-06-15T07:58:52","date_gmt":"2021-06-15T07:58:52","guid":{"rendered":"https:\/\/www.healthbenefitstimes.com\/glossary\/?p=112515"},"modified":"2021-06-15T07:58:52","modified_gmt":"2021-06-15T07:58:52","slug":"individual-health-care-account","status":"publish","type":"post","link":"https:\/\/www.healthbenefitstimes.com\/glossary\/individual-health-care-account\/","title":{"rendered":"Individual health care account"},"content":{"rendered":"

A proposed method of financing health care costs by giving tax advantages to individuals who establish and maintain personal “individual health care accounts (ICHAs)” similar in concept to individual retirement accounts (IRAs). Money placed in such accounts would be excluded from the individual’s taxable income and would be invested, with principal and income to be used only for specified health care. ICHAs could be a replacement for financing by Medicare for the elderly, a supplement to Medicare, or both.<\/p>\n

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A proposed method of financing health care costs by giving tax advantages to individuals who establish and maintain personal “individual health care accounts (ICHAs)” similar in concept to individual retirement accounts (IRAs). Money placed in such accounts would be excluded from the individual’s taxable income and would be invested, with principal and income to be […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-112515","post","type-post","status-publish","format-standard","hentry","category-i"],"yoast_head":"\nIndividual health care account - Definition of Individual health care account<\/title>\n<meta name=\"description\" content=\"A proposed method of financing health care costs by giving tax advantages to individuals who establish and maintain personal "individual health care accounts (ICHAs)" similar in concept to individual retirement accounts (IRAs). 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