ICHRA - the new way to offer group health insurance

An ICHRA allows businesses of all sizes to offer employees a monthly allowance of tax-free money to buy individual health coverage tailored to fit their unique needs. Having an ICHRA controls costs and address ACA compliance for large employers.

ICHRA brings a long list of benefits to both employers and employees. An ICHRA  provides flexibility in how much a business chooses to spend, and allows for different levels of contribution based on employee classes (full-time vs. part-time, as an example). 

Implementing ICHRA benefits is simple and low cost, and its design allows employees to choose the ACA plan that best meets their needs. An employer decides what allowance each class of employee will receive. Then, employees choose their plan and submit proof of their expenses for reimbursement.