An Individual Coverage Health Reimbursement Arrangement (ICHRA) offers employers an effective alternative to the traditional way of providing health insurance to employees.
ICHRAs allow an employer to offer employees reimbursements to purchase their own individual health insurance policies (rather than group policies).
We have found that ICHRAs, coupled with our existing SharedFunding solution (founded 2005), offer a powerful option for employers to consider.
The Benefits of ICHRA
Reduce your overall costs:
It may be possible to reduce your overall healthcare costs using an ICHRA. BBG has learned the various ways to approach the ICHRA from a cost reduction standpoint. It is fairly easy for us to research this for you.
While price drives most of the employer’s motivation, we know how to package choice. The employer can set a fixed contribution and the employee (with our help) can select the plan and insurance company that fits them best. We have the tools to streamline this for our clients.
Embrace a new strategy (choice, simplicity, less volatility):
BBG has mastered how to combine the “off the shelf” policies and customize them for you people. It aligns with what we have been for almost two decades.
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