An Individual Coverage Health Reimbursement Arrangement enables employers to reimburse employees tax-free for health insurance premiums and medical expenses.
Thousands of employers in the U.S. experience the same issues.
Premiums are getting too expensive.
Health benefits are too difficult to manage.
It’s becoming harder to recruit and retain employees.
Benefits
FEATURES
✓ Cost Control: Set your budget & cap spend
✓ Savings: Keep unclaimed reimbursements
✓ Risk Removal: No more carrier renewals
✓ Participation: No minimum requirements
✓ Choice: Pick the health plan to meet their needs
✓ Flexibility: Secure the right level of coverage
✓ Control: Decide health benefit contribution
All ACA-compliant plans include:
For employees 65+ years old… Medicare will be reimbursed
*Insurance companies and plan options vary by geography
In recent years:
|
Location |
TX, CA, FL, PA, MD, etc. |
|
Industry |
Healthcare Services |
|
Employees |
3,100 FTE; 1,475 Participating |
|
Health Benefit |
Self-Funded Group Plan |
|
ER Issues |
Need to reduce cost, Rising complexity managing multiple programs, Claims uncertainty |
|
EE Issues |
Lack of optionality, employee network issues |
|
ICHRA Benefits |
ICHRA offers relief to bearing claims risk, budget control, and less management. The employees experience more benefit options and control on monthly defined contribution. |
|
|
2021 |
2022 |
|
Self Insured |
$12.7M |
$14.1M |
|
ICHRA Program with Trimble |
Company sets annual health insurance budget each year |
$12.7M |
|
Savings with ICHRA |
Projected $1.4M |
in Year 1 alone |
Trimble Experience
Employees across all 50 states
Industry best renewal rate
Rise in larger employer enrollments
We’ve Got ICHRA Covered
Ready to get started?
Insurance Types
