Bronze Plan - Budget Friendly
Monthly Cost $250
Sample plan for illustration only
Silver Plan - Good Coverage
Monthly Cost $350
Gold Plan - Great Coverage
Monthly Cost $450
For Employers
Set up an ICHRA to give your employees tax-free money for health insurance. Follow these steps:
Create a plan that works for your business:
- Decide how much money to give each employee
- Choose if you want to vary amounts by age, family size, or employee class
- Determine which expenses will be eligible for reimbursement
- Set your budget and timeline
Set Up Administration
Choose how you'll manage your ICHRA:
- Select an ICHRA administration platform
- Create legal plan documents
- Set up a process for verifying employee insurance coverage
- Establish a system for processing reimbursements
Communicate with Employees
Help your employees understand the new benefit:
- Provide required legal notices at least 90 days before start date
- Host informational meetings to explain how ICHRA works
- Give employees resources to help them choose plans
- Explain how to submit receipts for reimbursement
Keep your ICHRA running smoothly:
- Process monthly reimbursements
- Onboard new employees as they join
- Verify insurance coverage annually
- Review and adjust allowance amounts each year
- Keep records for tax and compliance purposes
For Insurance Agents
Help your clients set up and manage ICHRA plans for their employees. Follow these steps:
Educate Yourself and Your Clients
Learn about ICHRA benefits and how they work. Use our resources to explain the advantages to employers:
- Tax advantages for employers
- Flexibility for employees to choose their own plans
- Simplified administration compared to group plans
- Cost control for businesses
Help Employers Design Their ICHRA Plan
Work with employers to create a plan that fits their budget and goals:
- Determine monthly allowance amounts
- Decide if amounts will vary by employee age or family size
- Set up employee classes if needed (full-time, part-time, etc.)
- Choose which expenses will be reimbursable
Set Up Administration
Help employers choose and set up an administration platform:
- Select an ICHRA administration platform
- Set up legal plan documents
- Create employee notices and educational materials
- Establish a reimbursement process
Support Employee Enrollment
Help employees understand and choose their individual health plans:
- Host educational meetings for employees
- Provide one-on-one support for plan selection
- Help employees apply for coverage
- Explain how to submit receipts for reimbursement
Provide Ongoing Support
Continue supporting employers and employees throughout the year:
- Help with new employee onboarding
- Assist with annual plan renewals
- Support employees with claims or coverage questions
- Keep employers updated on regulatory changes
