Can Employees Handle Choosing Their Own Health Plan?

It’s a natural question. Health insurance has never been simple, and employees often have many questions about their group plans as it is. But consider that employees navigate complex purchasing decisions in their personal lives all the time — from other types of insurance to technical products like computers and TVs. 

They handle these choices by doing a little research, using filters to narrow their options, and looking for recommendations. ICHRAs provide the same opportunity. Benefit administration platforms offer the resources and tools employees need to pick health plans that fit their needs. 

Companies that have made the switch to ICHRAs report that there is a progression to employees’ understanding too: in the first year, it’s about the basics of picking a plan, but as time goes on, employees become more focused on optimizing their choices.