Benefits Think ICHRA isn’t a new product — it’s a new role for brokers

Published 5 Min Read

Medical documents.
Adobe Stock

I’ve been through thousands of individual coverage health reimbursement arrangement implementations and still remember what it felt like to not understand any of it. Not just the details — the entire concept. 

That’s exactly where most brokers, employers and their employees are right now. And that makes sense. Group health insurance has been the only model in the employer-provided benefits space for 80 years. There are habits that come with that, so ingrained that you don’t even realize they won’t apply in ICHRA. I know because I had to unlearn them. too. That’s the real challenge. Embracing ICHRA requires letting go of how you’ve always done things. 


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form