An Individual Coverage Health Reimbursement Arrangement (or “ICHRA”) enables employers to reimburse their employees tax-free for individual health insurance premiums and medical expenses. Employers can set a fixed monthly contribution amount and employees can choose the individual market plan that best fits their unique needs.
The Benefits of an ICHRA include:
Cost Control: Set your monthly budget & cap spending
Mitigate Risk: No more frustrating annual carrier renewals
Compliant: Satisfies the employer mandate under the ACA
Participation: It doesn’t matter how many employees enroll
Employee Satisfaction: Employees can find the best plan for themselves and their families
Savings: Keep unclaimed reimbursements and get your time back
With Take Command Health’s easy-to-use portal, employees can claim reimbursements for medical premiums or expenses, purchase a compliant plan, use pre-tax dollars to purchase more coverage and submit their claims.