Customized Health Plans for Employees Using
ICHRA For Business
Unlock Custom Health Insurance Plans for Your Valued Employees with an Automated ICHRA (Individual Coverage Health Reimbursement Arrangement) Technology Platform that Maximizes Employee Benefits and Health Plan Savings While Reducing Cost and Tax, for Businesses of Every Size.
Explore Tailored Health Benefits Solutions for Your Business and Its Employees
Discover tailored health reimbursement solutions described in the eBook ICHRA Health Plan Administration for Business. This eBook is a Business Owner's Guide to Cost Effective Health Plan Management using an Automated ICHRA Platform that empowers your team and streamlines your healthcare benefits management, all while reducing costs and enhancing employee satisfaction.
Incorporate Our Custom Health Benefit Solutions
Our one-of-a-kind Technology Platform Puts Your Business In Full Control
Automated ICHRA Plan Design
Customize and implement tailored ICHRA health plans that align with your employee's benefits needs while ensuring compliance and minimizing company and employee cost
Employee Benefits Education Sessions
Comprehensive education sessions for employees and the business allows all parties to fully understand and utilize ICHRA benefits, ensuring optimal satisfaction and usage from their healthcare plan.
Optimized Tax Benefits
Maximize savings with tax-advantaged health funding strategies through our expert guidance, ensuring compliance and minimized costs for both employer and employees.
Year-round ICHRA Management
Seamless integration with existing payroll systems, ensuring hassle-free disbursement of health benefits and simplifying administrative processes for employers.
Easy 3-Step Implementation Process
*Submit Employee Census, Names & Birthdates
*Submit Company Benefits Spend; Total & Per Employee
*Submit Copy of Current Plan Statement of Benefits
Submit to [email protected]
After Analysis, a Zoom Conference will be Conducted to Reveal Outcomes and Next Steps
FAQs
Quick Answers to Your Key ICHRA Questions
What is an ICHRA?
An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a company-funded health plan that reimburses employees for individual health insurance premiums and medical expenses tax-free.
How does an ICHRA benefit my business?
Implementing an ICHRA contributes to business flexibility and budget control by allowing defined, predictable contributions towards healthcare. It simplifies benefits management, does not have minimum participation rules, and can be customized for different employee classes.
Can employees choose any health insurance plan?
Yes, employees can choose any individual health insurance plan that meets the Affordable Care Act (ACA) requirements. This flexibility allows them to select a plan that best meets their needs and budget.
Is our business eligible to offer ICHRA?
Any business size can offer ICHRA, regardless of the number of employees.
What happens to unused funds in an employees ICHRA account
Your plan setup can allow for rollover of unused amounts, depending on the plan design that you choose
How do we maintain compliance with health benefit regulations?
HealthPlansAtWork.com ensures your plan complies with IRS, Department of Labor, and ACA guidelines, managing all compliance aspects.