What’s ICHRA?
In simplest terms, the Individual Coverage Health Reimbursement Arrangement allows businesses of all sizes to offer employees a monthly allowance of tax-free money, allowing them to buy health care services that fit their unique needs while controlling costs and addressing ACA compliance.
Challenges Facing Employers Today:
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Health insurance costs are skyrocketing and out-of-control
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Recruiting and retention challenges are rising
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“One-size-fits-all” group insurance plans aren’t meeting employee needs
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ACA non-compliance is leaving employers exposed to significant fines
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ACA mandates for large employers are eroding employee compensation