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ICHRA is an Individual Coverage Health Reimbursement Arrangement. It is a group health plan that allows employers to set a predetermined monthly contribution for employees to select & purchase their health insurance. Employees select car and home/renters insurance. Why would they not want to choose their own personal health insurance, tailored to their needs? It really does make sense - if you're an employer and want to offer great benefits ICHRA is a strategy that has been working since it's launch in 2020. If you've had an increase in your group plan - you don't have to wait till next year and continue paying high rates for all of 2025 - let's talk about moving to ICHRA now! Leeway we're working with our broker partners and their clients everyday with ICHRA strategy and implementations. Learn more schedule time today! https://lnkd.in/eavH9Bsm

In an Individual Coverage Health Reimbursement Arrangement (ICHRA), the employee's contribution towards the cost of coverage remains "tax efficient" because the amount contributed is done on a pre-tax basis. This means the employee's contributions are deducted from their gross income before taxes are applied, resulting in a lower taxable income. This tax advantage can reduce the overall tax liability for the employee, making their health coverage more affordable. Employer contributions to the ICHRA are considered tax-deductible for the employer. This dual tax benefit system makes ICHRA an attractive option for both employers and employees, promoting tax efficiency in managing healthcare expenses. Learn more about all the ICHRA advantages, our team Leeway is ready to help businesses to implement an ICHRA for 2025. Don't wait another year to see the benefits of moving to an ICHRA! https://lnkd.in/eavH9Bsm

Are you spending too much on health insurance? Ring in the "New Year" with an ICHRA strategy. You don't have to wait, ICHRA's open a special enrollment period. Don't be stuck for the rest of the year with that high renewal rate. Give the gift of more options and lower-cost health insurance. Stop paying those high group plan costs - move to an ICHRA. Employees select their own individual health insurance plans and employers help pay for the coverage with tax-free money! With the contribution strategy, giving every employee equal buying power and choice of every available provider where they live, nothing could be easier or make more sense. Learn how Leeway is leading the way with ICHRA! Saving companies thousands of dollars and getting control of the budget. Contact us today https://lnkd.in/eavH9Bsm

ICHRA (Individual Coverage Health Reimbursement Arrangements) opens a 60-day window for a special enrollment period, businesses can initiate an ICHRA at any time and terminate the high-cost group health insurance plan. An ICHRA strategy is effective! Health insurance benefits are essential for businesses looking to attract new talent and retain top employees. However, group health insurance may be too expensive for some employers. An ICHRA provides a more affordable alternative, as it allows employers to determine how much they are willing to spend on employee reimbursements. Large employers can use an ICHRA to satisfy the employer mandate as long as the ICHRA benefit is substantial enough to make an individual health insurance plan affordable. Health insurance benefits can help businesses attract new talent and retain top employees, but group health insurance may be too expensive for some. An ICHRA is often a more affordable option because employers can determine how much they’re willing to spend on employee reimbursements. Let's review how Leeway is implementing ICHRA's every day! Contact us to learn how: https://lnkd.in/eavH9Bsm

CMS Centers for Medicare & Medicaid Services is reporting nearly 988,000 new consumers have enrolled in 2025 health plans with Florida and Texas leading the way. https://lnkd.in/euKvYZ_7 ICHRA brings even more people to the individual market allowing employees to select their own health insurance and allowing employers to help pay for it! Get out of the health insurance business - move to an ICHRA! Learn how Leeway is helping companies get the most out of their healthcare spend with ICHRA. Book time with us: https://lnkd.in/eavH9Bsm

ICHRA requires employee plan options to comply with ACA (Affordable Care Act). Essential coverage is baked into every ACA plan, including preventative care, chronic disease management, maternal health, medications, hospitalizations, and more!! You can start your ICHRA program any time of the year, with ICHRA's special enrollment period window (60 days) Learn more about Leeway and how you CAN offer great benefits. If you're a business owner or health insurance broker looking for options ICHRA is a great strategic option for 2025!! Contact us: https://lnkd.in/eavH9Bsm

Our Leeway team is wishing all of our broker partners, employers, and employees a Thanksgiving filled with love, peace, and gratitude. Your support means the world to us! May your table be filled with family and gratitude this season. Happy Thanksgiving! 🍂 🦃

ICHRA stands for Individual Coverage Health Reimbursement Arrangement. It is a group health plan that allows employers to set a predetermined monthly contribution for employees. Employees can use this contribution to purchase their individual health insurance coverage. This approach is simple and makes sense. Just like with auto and home insurance, employees own their health policies, giving them more control. Employees appreciate having choices and options when it comes to their healthcare. Employers benefit from ICHRA as it allows them to manage their budget and cost effectively, removing them from the health insurance selection process. Get off the renewal treadmill. With ICHRA, you can provide valuable health insurance benefits to your employees. Leeway is leading the way with ICHRA, and you can start an ICHRA at any time, with a special enrollment window for 2025. Learn more: https://lnkd.in/eavH9Bsm #healthinsurance #ichra #employeebenefits #hrstrategy

It's always great to try new things, and an ICHRA strategy for 2025 may be the perfect fit for your growing company. According to the latest data from the HRA Council, ICHRA adoption saw a 29% increase from 2023 to 2024, with ALEs leading the charge with an astounding 84% growth rate. Employees can choose their insurance plans, tailoring their benefits to meet their needs. This flexibility not only increases employee satisfaction but also enhances retention rates. Take a few minutes to review how ICHRA can be used to customize your employer-sponsored health insurance benefits! Leeway is leading the way with ICHRA, learn more today! https://lnkd.in/eavH9Bsm #ichra #healthinsurance #employeebenefits