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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 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.