About ICHRA
ICHRA 101
Top 5 Advantages for Employers
1: COST CONTROL
ICHRAs allow employers to establish afixed healthcare budget, providing costcontrol and financial stability.
2: CUSTOMIZATION & FLEXIBILITY
Employers can customize ICHRA plans tomeet individual employee needs, offeringflexibility and diverse coverage options.
3: EMPLOYEE RETENTION AND ATTRACTION
Personalized health insurance choicescontribute to higher job satisfaction, employeeloyalty and aiding in recruitment efforts.
4: ADMINISTRATIVE SIMPLICITY
ICHRAs are easier to administer thantraditional group health plans, reducingthe administrative burden on HR teams.
5: COMPLIANCE AND REGULATORY ADVANTAGES
ICHRAs offer a compliant solution, helpingemployers navigate health insuranceregulations and avoid penalties for non-compliance.
