The Time is NOW for ICHRA

The Time is NOW for ICHRA – A Smarter Way to Offer Healthcare Benefits

If you’re a business owner, you know the annual headache that comes with healthcare benefits renewals. No matter how carefully you budget or negotiate, premiums seem to rise every year—and fast. It’s a frustrating cycle: you want to support your employees with quality benefits, but the cost keeps creeping up.

Then there’s the challenge of choosing a single group plan that works for everyone. We all have different healthcare needs. Some employees may only want catastrophic coverage, while others prefer full, comprehensive plans. One size simply doesn’t fit all.

That’s why we decided to make the switch to ICHRA (Individual Coverage Health Reimbursement Arrangement)—and it’s been a game-changer.

What is ICHRA?

ICHRA is a flexible, personalized health benefit that allows employers to reimburse employees for their individual health insurance premiums and medical expenses. In other words: instead of choosing one group plan for everyone, we give our team the power to choose the coverage that works best for them.

We just signed up, and the process was surprisingly simple.

How It Works

Your broker or ICHRA administrator provides a platform for employees to shop for and select their own plans. If they’re tech-savvy, they’ll love the ability to search, compare, and choose a plan through a user-friendly portal. As the employer, we commit to reimbursing a set portion of their chosen premium.

The result?
✅ Our employees get coverage tailored to their personal needs
✅ We get predictability and control over our healthcare budget
✅ And I no longer have to play benefits expert every renewal season

I’m genuinely happy knowing our team now has more autonomy in managing their healthcare—and that we’re supporting them in a way that’s sustainable for our business.

If you’re still navigating the traditional benefits maze, I encourage you to take a look at ICHRA. The time is now.