Trends and Testimonials

ICHRA adoption is on the rise as more employers seek affordable health insurance alternatives. And ICHRA satisfaction rates are high.

ICHRA by the Numbers
 

+29%

Growth

The number of businesses offering ICHRAs grew by 29% from 2023 to 2024

Source: HRA Council - Growth Trends ICHRA & QSEHRA
 

94%

Satisfaction

94% of people surveyed were similarly satisfied or more satisfied after moving to an ICHRA

Source: Deft Research - 2024 Commercial Group and ICHRA Study
 

83%

New to Benefits

83% of employers who now offer an ICHRA (or similar QSEHRA) never provided health insurance before.

Source: HRA Council - Growth Trends ICHRA & QSEHRA
 

“Our employees compare their benefits with friends and family. The answer typically comes back the same — our options are greater, and employees pay less for them.”

Caryn headshot

Caryn Goulet
Executive Director of HR New England Life Care

   

Case Study: New England Life Care

New England Life Care, a company with 500 employees, previously offered their staff group plans. After moving to an ICHRA, here’s what changed:

  • Their employees chose over 180 unique health plans that better meet their needs (compared to 3 plans offered under group insurance)
  • The business reduced healthcare costs by 40%
  • This allowed $3.8 million to be redirected to wage optimization
  • All employees now pay less than they did 5 years ago — some employees even pay $0

Talk With Our Team

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