ICHRA HEALTH BENEFITS FOR EMPLOYERS
Explore an Alternative to Group Health Insurance
With an ICHRA, employers establish a reimbursement benefit, and eligible employees choose qualifying individual health coverage. Compare the costs, coverage options, and administration before deciding whether it fits your business.
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THE BASICS
How ICHRA works
ICHRA is an employer-funded reimbursement benefit, separate from the employee’s insurance policy.
- 01
Employer sets the benefit
Establish eligibility and reimbursement amounts under the ICHRA rules.
- 02
Employee chooses coverage
Eligible employees enroll in qualifying individual coverage or eligible Medicare coverage.
- 03
Eligible expenses are reimbursed
Coverage and expenses are substantiated before reimbursement, up to the plan allowance.
WHY CONSIDER A CHANGE?
A defined benefit budget.
Individual coverage choices.
Compare these tradeoffs with your current benefits.
Total cost
Reimbursements, administration fees, and employee costs.
Coverage
Local networks, prescriptions, and out-of-pocket costs.
Administration
Notices, enrollment, coverage checks, and reimbursement.
Timing
Renewal dates, required notices, and coverage continuity.
A QUICK INTRODUCTION
See the basics in under four minutes
MONTRIDGE WEBINAR · 3:57Understanding ICHRA
WATCH & EXPLORE · 3:57
Group Health Insurance Alternative for Employers: ICHRA Explained
Start with the two decisions behind ICHRA: how the employer funds the benefit and how employees choose qualifying coverage.
Schedule an ICHRA Consultation ↗MONTRIDGE INSURANCE SERVICES, INC.
Start with your business.
Montridge is a veteran-owned independent insurance brokerage in Las Vegas. Discuss your benefits, budget, and renewal date.
Confirm services and fees before proceeding.
What to prepare for a consultation →Bring three things
- Your current benefit approach
- Employee count and locations
- Your renewal date and main goal
Keep medical and identifiable employee records out of ordinary inquiries.
Common employer questions
Does ICHRA always save money?
No. Compare fees, employee costs, and premium tax credit effects.
Can employees keep their doctors?
Check each available plan’s provider network and prescriptions before changing coverage.
What happens after I contact Montridge?
Discuss your goals, confirm service availability, and agree on next steps.