ICHRA explained without the acronym soup

ICHRA stands for Individual Coverage Health Reimbursement Arrangement. In plain English: instead of picking one health plan for your team, you give each employee a tax-free monthly allowance and they pick their own plan on the individual market.

Why employers like it

• Predictable budget — you set the contribution, not the insurance market.
• No group renewal surprises every year.
• Employees keep their plan if they leave.

When it doesn't make sense

If most of your team is older, has expensive ongoing conditions, or strongly prefers a specific group network, a traditional plan can still come out ahead. We model both before we ever recommend a switch.