ICHRA Plans for Employers
Think of an ICHRA (Individual Coverage Health Reimbursement Arrangement) as a smarter, simpler way to offer health benefits. Instead of locking your business into one-size-fits-all group plans, ICHRAs let you reimburse employees—tax-free—for the individual coverage they choose for themselves.
It’s flexible. It’s cost-controlled. And when done right, it’s a win-win for both employers and employees.
At InsurancePickle.com, we don’t just set it and forget it. We shop the market for the best ICHRA administration platforms to fit your company’s size, goals, and budget. Once you’ve got the platform in place, we’ll handle the onboarding and offboarding of employees for you—just keep us updated on new hires, and we’ll take it from there.
One of the biggest advantages of an ICHRA is that it lets you move high-claims employees off your group plan—without reducing their benefits. That means their large medical expenses no longer drive up your premiums year after year. It's a strategic way to regain control over your health insurance costs while still doing right by your team.
Real-World Savings with ICHRA
Here’s a quick example of how one company took control of their healthcare costs by shifting to an ICHRA model:
| Scenario | Monthly Cost | Key Difference |
|---|---|---|
| Before: Traditional Group Plan | $54,000/month | High-claims employees driving renewal increases |
| After: ICHRA + Individual Plans | $38,000/month | High-claims employees transitioned to the individual market |
By transitioning employees to the individual market using an ICHRA, this company saved over $190,000 annually—without reducing access to care or coverage quality.
We’ll also show you how to round out your benefits package with options like dental, vision, life, and disability—without adding administrative headaches. In fact, with the right ICHRA setup, you can eliminate COBRA entirely from your day-to-day workflow (and your budget).
Not sure if ICHRA is the right move? That’s fair. We understand what’s involved and we’ll walk you through the pros, cons, and potential impact—so you can make a confident, informed decision.
Let’s talk it through, or give us a call if you prefer the old-school way. Either way, we’ll help you build a benefits package that actually works—for your people and your bottom line.