Question 1

What is ICHRA?

Accepted Answer

ICHRA (Individual Coverage Health Reimbursement Arrangement) is a type of health benefit that allows employers to reimburse employees tax-free for individual health insurance premiums and medical expenses. Unlike traditional group health plans, ICHRA gives employees the freedom to choose their own health insurance coverage on the marketplace while employers maintain budget control.

Question 2

How does Savii make ICHRA easy?

Accepted Answer

Savii automates the entire ICHRA process from setup to ongoing administration. We handle employee enrollment, compliance requirements, premium reimbursements, and provide dedicated support. Our platform includes tools for both employers and employees, making it simple to manage budgets, compare plans, and stay compliant with all regulations.

Question 3

Can I customize ICHRA contribution amounts?

Accepted Answer

Yes! With ICHRA, you can set different monthly allowance amounts based on employee class (full-time, part-time, location, etc.). This gives you complete flexibility to tailor your benefits strategy while maintaining predictable costs. You can adjust allocations as your business needs change.

Question 4

What do employees do during enrollment?

Accepted Answer

Employees use our intuitive platform to browse and compare hundreds of marketplace health insurance plans. They can filter by their priorities (cost, coverage, network), see how much of the premium is covered by their ICHRA allowance, and enroll directly through our platform. We provide step-by-step guidance throughout the entire process.

Question 5

Is compliance handled and simplified?

Accepted Answer

Absolutely. Savii ensures you stay compliant with all ACA, IRS, and federal requirements automatically. We handle all the complex regulations, reporting, and documentation so you don't have to worry about penalties or compliance issues. Our team stays up-to-date on all changes to keep you protected.

Question 6

Do employees need a certain plan?

Accepted Answer

No. One of the biggest advantages of ICHRA is that employees can choose any individual marketplace plan that works for them. They're not limited to a single group plan. This means they can select coverage that fits their specific needs, preferred doctors, budget, and family situation.