ICHRAS: An Executive Brief

In a difficult hiring market, ICHRAs offer tax advantages to employers, allowing them to extend benefits to seasonal workers, gig workers, and contractors.

January 11, 2022 In the year of the Great Resignation, employers’ attempts to find and retain talent have put employers and their benefits administration teams in a bind. This bind entails a balancing act between offering appealing benefits and continuing to keep a close eye on expenses. The search for that balance will require some trial and error, and an open mind to try new benefits or arrangements such as individual coverage health reimbursement arrangements (ICHRAs).

This Impact Brief aims to provide business development, strategic development, partnership management, and customer success executives at third-party benefit administrators and benefits administration platforms with a third-party view on ICHRAs, their advantages, and their challenges.

Clients of Aite-Novarica Group’s Healthcare Payments service can download this 12-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Aetna, BenefitBay, CIGNA, Common Ground Healthcare Cooperative, ECHO Health, Friday Health Plans, Gravie, HealthOne Alliance, HealthSherpa, HRA Council, HRA Simple, ICHRA Shop, Nextben, OneBridge Benefits, PeopleKeep, PHCS/Multiplan, Preferred Health, Savvy, Softheon, TakeCommand, Trovia, and W3LL.

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