The ICHRA Solution
How It Works
HI Advisory Partners
We work with employers to design and set up the ICHRA leveraging the best administrator for you benefits needs.
Employer
We work with each employer to identify up to 11 benefits classes and set the defined contributions to fit your unique needs.
Employee
HI Advisory Partners work with each employee to find the best coverage for them and provides support throughout the year.
Predictable Costs
Unlike traditional group plans with unpredictable annual renewals, employers set a fixed monthly allowance per employee. Your budget is locked in.
Retention
Offering health benefits helps you compete for employees and the flexibility of ICHRA can actually be more attractive especially for employees who value choice or have specific healthcare needs.
Employee Choice
Instead of one-size-fits-all group coverage, each employee selects an individual plan that fits their specific needs like their doctors, their prescriptions, and their family situation.
Tax Benefits
Employers get the same decutions as group insurance while saving on payroll taxes and employees get tax-free money that goes further than a taxable wage increase.
Flexibility
For companies with employees in multiple states for locations, ICHRA offers each employee to shop in their local individual market.
Administration
No more dealing with annual renewals, network adequacy issues, or participation requirements. You set the allowance, employees choose their plans, and HI Advisory Partners handles the rest.
Contact
Like what you see? Get in touch to learn more.
