How ICHRAs Work

Like anything new, it helps to understand ICHRAs at a high level before diving deeper. Below are the key steps involved for employers and employees.

Select a Benefits Platform

Benefits platforms act as an administrator, coordinating transactions, providing decision support to employees, and serving as a place to enroll.

Define Your Contribution

Set your overall budget and the pre-tax contribution you’ll make to each eligible employee class.

Employees Shop Marketplace Plans & Enroll

Employees shop plans based on their own unique needs and enroll through your chosen benefits platform.

Employees Get Reimbursed

Employees are reimbursed for health coverage based on employer-defined contributions.

Talk to your broker to learn more about how ICHRAs work or reach out to the Ambetter Health team.

Considering an ICHRA raises new questions. Our team is here to help.