Invidivdual Coverage HRA (ICHRA)
Traditional group health insurance isn’t the only option. With an Individual Coverage HRA (ICHRA), you can give employees the freedom to choose their own health plan while keeping your business costs predictable.
The Challenge:
Feeling stuck with rising premiums.
Group health insurance premiums keep rising, and many small and mid-sized businesses feel stuck. Standard plans often don’t fit every budget or employee need, leaving business owners frustrated and employees underinsured.
The Solution:
Flexibility for you and your team.
An Individual Coverage HRA allows you to reimburse employees for the individual health insurance plan of their choice. Instead of one-size-fits-all coverage, each employee picks the plan that works best for them, and you set the budget.
Why It Matters
The Key Benefits for You and Your Team.
Flexibility
Employees choose the plan that works best for them.
Cost Control
You decide the reimbursement amount for predictable costs.
Scalability
Works for businesses of any size, with no participation requirements.
Employee Satisfaction
Empower your team to select plans that fit their needs.
How ICHRA Works
A Streamlined Four-Step Approach
Employer Sets the Allowance
You choose a monthly reimbursement amount that fits your budget.
Employees Pick Their Plans
Team members buy their own health insurance on the marketplace or through a broker.
Tax-Free Reimbursement
Reimbursements for premiums and qualified expenses are tax free for both you and your employees.
Customizable Classes
Offer different allowances based on job categories, locations, or full/part-time status.
How to Get Started
A Simple, Effective Process.
1.
Schedule your Consultation
We’ll review your current benefits and goals.
2.
Design Your ICHRA Plan
We’ll help you choose contribution levels, define employee classes, and ensure full compliance.
3.
Launch and Support Your Team
We handle setup, employee onboarding, and ongoing guidance so your new benefit runs smoothly.
Let's Get Started
Ready for big savings and happier employees?
Our clients often save thousands each year while offering better coverage. BAGI members, for example, have cut premiums and boosted employee satisfaction with exclusive programs.
Now it’s your turn.
