With rising healthcare costs and a continued lack of visibility and control over benefits plans, many employers are seeking coverage with more predictability and choice – for both their organization and their employees. For many, Individual Coverage Health Reimbursement Arrangement otherwise known as ICHRAs are becoming the answer for many.
ICHRAs empower employers to provide tax-deductible reimbursements to employees for their individual health insurance premium. It allows employees to choose the plan that best meets their needs and budget and gives employers greater control over cost and administrative challenges.
In this podcast, two industry experts at Thatch – Bruce Johnson, Head of Policy and Matt Adler, Head of Product, discuss why the shift to ICHRA is happening, the benefits of employee choice, and how employers can help their employees feel empowered in their decision-making.