ICHRA for Employers
ICHRA (Individual Coverage HRA) allows employers to offer health benefits without a traditional group plan.
Instead of managing one insurance policy for everyone, employers set a monthly tax-free allowance and employees choose the individual health plan that fits their needs.
It’s a flexible, cost-controlled solution that gives businesses predictable budgets while empowering employees with personalized coverage options.
Reduce Administrative Tasks
No group policy to manage.
No participation requirements.
The Employee has full control over choosing their plan.
Provide Flexibility for Employees
Can offer different reimbursement amounts by Employee Class, Zip Code and Age (within federal limits)
Works well for multi-state or remote workforces!
What Is ICRHRA?
ICHRA allows you to offer health benefits without a traditional group plan. You set a monthly allowance, your employees choose their own coverage, and you reimburse them tax-free—giving you predictable costs and greater flexibility.
What Are the Benefits of ICHRA Solutions?
Employers can choose a set amount they want to offer employees per month. Employees can then choose their own coverage. Contributions are tax deductible for employers and reimbursements are pre-tax for the employee.
How Does ICHRA Work?
ICHRA lets you set a fixed monthly allowance for employees to buy their own health insurance. You reimburse them tax-free up to that amount, giving you cost control and flexibility without managing a group plan.
Get a Free ICHRA Analysis for Your Milwaukee Business!
The Love ICHRA team can show you:
What ICHRA would cost
How it compares to your current plan
Which employee classes make sense
How to structure allowances
How to stay compliant
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