What’s ICHRA?

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
Benefits of ICHRA for Employers
Flexibility
Employers can offer levels of
benefit per employee class
Attraction/Retention
ICHRA allows employees to
choose a health plan
tailored to their specific needs
Controlled Costs & Risk
ICHRA allows employers to take
control of the insurance
spending, contributions, and risk
ACA Compliance
ICHRA plans can meet both
mandates of Minimum Value
and Affordability
Tax Efficiency
ICHRA helps employees pay for
their individual health insurance
premiums tax-free, not
impacting their taxable income
Administration
With a benefits administrator,
ICHRA eliminates businesses
working between insurance
companies and employees
Your ICHRA, Driven by Technology…
As an administrator of ICHRA plans for our clients, Flyte HCM’s offering includes access to employer dashboards and reporting to streamline the ICHRA process. Quickly access employee data, manage new enrollments, create real-time reports, and easily monitor your plan’s activity. We put it all at your fingertips!
