What is an ICHRA? An ICHRA is an individual coverage health reimbursement arrangement. These are reimbursement arrangements integrated with individual market health insurance coverage. They’re created for employers who want to help their employees. Through an ICHRA, employers can reimburse employees’ individual medical insurance premiums. Not only their premiums but also other qualified health care expenses! …
For small businesses offering competitive health care plans, it is often overwhelming. If you have less than 50 employees, by law you’re not required to provide health insurance for them. It is the number one benefit employees look for in a company though. 85% of small business employees say that health benefits impact their loyalty. …
As health care costs continue to rise, so had the demand for supplemental benefits. Expanding supplemental benefits is a way for an employer to attract and retain key employees without increasing their bottom line. Implementation, communication, and showing support for supplemental products is key in making them work for an organization. Showing support motivates workers …
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