B2B Health Insurance & ICHRA
Understand ICHRA and Group Insurance
Provide your employees with the best health coverage by exploring ICHRA (Individual Coverage HRA), Traditional Group Insurance, and Employer Group Plans. Learn the differences, benefits, and how each plan can work for your business. Give your team flexibility and peace of mind while keeping your business costs under control.
Traditional Group Insurance
Employer-managed plan for all employees. Predictable costs but limited flexibility. Suitable for large teams seeking uniform coverage.
Employer Group Insurance
Similar to traditional plans with additional wellness or tiered options. Offers moderate flexibility and benefits tailored for medium-sized businesses.
ICHRA (Individual Coverage HRA)
Employers provide tax-free allowances to employees to buy individual health plans. Maximum flexibility, employee choice, and ideal for businesses of any size.
Compare Plans at a Glance
| Feature | Traditional Group | Employer Group | ICHRA |
|---|---|---|---|
| Employee Choice | Minimal | Some | Full |
| Flexibility | Low | Medium | High |
| Cost Control | Moderate | Moderate | High |
| Tax Advantages | Yes | Yes | Yes |
| Ideal For | Large Teams | Medium Teams | All Sizes |
Why Employers Choose ICHRA
- Predictable budgeting and cost control
- Simple administration and compliance
- Attract and retain top talent
Employee Advantages
- Freedom to choose individual health plans
- Portability when switching jobs
- Personalized coverage for employees and families
Business Growth Benefits
- Enhance company reputation with modern health benefit options
- Empower HR teams with flexible, scalable healthcare solutions
- Adapt easily to changing workforce structures or remote teams
Get Your Customized ICHRA Quote
Start providing flexible health benefits to your employees today. Fill out the form below and one of our specialists will contact you.
Frequently Asked Questions
ICHRA (Individual Coverage HRA) is a tax-free allowance that employers provide to employees to purchase their own individual health insurance plans, offering flexibility and choice.
Most employees of companies that offer ICHRA are eligible. Small, medium, and large businesses can implement it for different employee groups.
Yes, ICHRA can be implemented alongside traditional or employer group plans, allowing businesses to transition or offer flexibility to certain employee classes.
Employers providing ICHRA contributions can deduct the amounts as business expenses. Employees receive the allowance tax-free when used to purchase health insurance.
Employees can use the employer-provided allowance to purchase any individual health plan that meets their needs, giving them freedom to select coverage for themselves and their families.
Yes, employers can choose which employee classes are eligible, including full-time, part-time, seasonal, or temporary employees.
If an employee leaves, their ICHRA allowance stops, but the individual health plan they purchased may continue under COBRA or other applicable coverage rules.
Yes, employers must follow IRS rules regarding eligibility, contribution limits, notice requirements, and maintaining records to ensure ICHRA compliance.
