Myinsuranceaid

We help small businesses file and implement ICRHA arrangements in their businesses. The individual coverage Health Reimbursement Arrangement (HRA) is an alternative to offering a traditional group health plan to your employees. It’s a specific account-based health plan that allows employers to provide defined non-taxed reimbursements to employees for qualified medical expenses, including monthly premiums and out-of-pocket costs, like copayments and deductibles. This great program was introduced in 2020 and very few biz owners are taking advantage of it. The real power of the ICHRA structure is the ability to leverage the healthcare.gov marketplace and offer the competitive policies only offered in marketplace plans to employees. Business owner can determine different levels of reimbursement cased on ages, compensation, and many other variables. In addition, the business owner no longer manages or administers the plans. Once the ICHRA is setup for that business, the ONLY thing an employee needs to do is enroll in a marketplace plan. It can potentially save the business thousands in admin and fees that come along with group coverage. The ICHRA structures are not for all businesses but the ones that can qualify for this should strongly look into the options. Contact us directly to have one our licensed specialist go through a detailed comparison of your group policy vs. ICHRA. Additionally we offer individual health insurance, life insurance, pet insurance, accident insurance, short term insurance. We are licensed in 34 states and we are appointed with every major insurance carrier. We utilize healthsherpa a secure and trusted partner of Healthcare.gov. They display the exact same plans and prices as Healthcare.gov with no extra costs. The difference is that HealthSherpa provides a fast, streamlined website to save you time, as well as tools that empower you to find the perfect plan for your needs and budget.