ICHRA Consulting
Established in 2020, we are the nation's leading consulting firm specializing in Individual Coverage Health Reimbursement Arrangements (ICHRA) and Consumer-Directed Healthcare.
Our expertise and resources are designed to assist employers, brokers, advisors, and consultants in navigating the complexities of modern health insurance offerings for employees.
Starting an ICHRA
Before reaching out to every ICHRA vendor available online, it's wise to start with these key considerations:
We ask the important questions you should be asking!
- Examine the financial impact of implementing an ICHRA.
- Is it financially viable?
- Will it result in cost savings?
- Decide if you want to exclude some of your employees while keeping your current group health plan.
- Review the compliance requirements related to ICHRA.
- Find the most appropriate vendor for administration.
- Explore the most effective ways to communicate the ICHRA to your employees.
- Ensure support is available for every employee to help them shop for and enroll in plans.
- Verify that your broker has the necessary resources to manage the ICHRA effectively.
- The costs associated with broker services and ICHRA administration can vary significantly. Have you had a conversation with your broker regarding this matter?
The ICHRA Shop, provides independent analysis for employers and their advisors, brokers and consultants,
Consumer Directed Healthcare Accounts
We have ICHRA and more:
- QSEHRA
- EBHRA
- HRA
- Retiree HRA
- Spousal Incentive HRA
- Flexible Spending Accounts
- Lifestyle Benefits Accounts
- Personalized Benefits
Compare ICHRA
We offer the industry's most comprehensive and independent analysis for employers considering ICHRA as a benefit option.
Our analysis includes detailed insights into transition and renewal costs, ICHRA vendor fees, broker cost, and more.
Multilingual Enrollment Support
Since 2020, we have engaged with employees nationwide, both onsite and virtually, to provide customized benefits, facilitate 401(k) enrollment, and offer educational support.
Personalized Benefits Enrollment Meetings
You heard that right!
We engage with each employee to educate and enroll them in the employer's benefits and 401(k) plans.
Our licensed and registered representatives are experts in benefits and provide confidential guidance throughout the benefits journey.
They are available year-round as valuable resources.
Employee Resource Guides
Get your team geared up for a stellar benefits adventure!
We've whipped up a treasure chest of digital goodies, packed with ICHRA plan attestations, payment resources, insurance carrier intel, must-have links for every ICHRA vendor, and a super-simple way to get Service Support tickets.
That’s right, we’re your trusty sidekicks, enrolling and guiding employees through their benefits quest!
Compliance
We have assembled all the resources necessary for ICHRA compliance, conveniently bundled and readily available.
Our offerings include:
- ACA Reporting
- Form 5500 Preparation
- COBRA Administration
- PCORI Administration
- FMLA Compliance
- ERISA Guidance
- Custom Plan Documents
- A complimentary 30-minute compliance review
Everything you need is at your fingertips!
Compare ICHRA Vendors
We will compare the leading ICHRA vendors to identify the option that best meets your needs.
This review will include both bundled, unbundled ICHRA resources and standalone benefits payment tools.
Moving ICHRA Vendors?
Proprietary, HIPAA-compliant resources designed to facilitate the seamless transition between ICHRA vendors.
Benefits Payment Tools
We have streamlined the process for employers and brokers to manage the most essential aspect of the Individual Coverage Health Reimbursement Arrangement (ICHRA): benefit payments.
By issuing a digital payment card to each employee or your enrollment team, you can facilitate their shopping experience in our benefits marketplace or through our guided, personalized benefits enrollment service.
This card can be utilized to cover all benefit-related expenses.
Broker Backpack for ICHRA
Increase your ICHRA + HRA sales, minus the staff!
Outsourced ICHRA Support Team
- Agent or Agency Training
- Sales Support
- Sales Enablement
- ICHRA Feasibility Analysis
- Benefit + 401k Education and Enrollment Support
- Compliance Support
- Dedicated Support for ICHRA
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