Cut Health Insurance Costs by 10-50%
Pair direct healthcare with ICHRA, level funding, or self-insurance to save.
ICHRA
ICHRA stands for Individual Health Coverage Reimbursement Arrangement.
It's ACA compliant group sponsored coverage that works like a 401k for healthcare. You set a defined fixed amount per month to reimburse employees for their individual coverage.
✅ Employees select the carrier and plan they want
✅ Buy up for lower deductibles, buy down for an HSA compatible plan
✅ No participation requirements- works for 1 to 300 employees
✅ Tax advantages for employer and employee
✅ Portable- coverage stays with the employee and gets you as the employer "out of the game"
✅ Choose different amounts for different classes (salary v hourly)
Level Funding
Level funding is a newer option that is a hybrid between fully insured and self-insured plans.
With level funding, you pay a fixed monthly premium. If you have good claims experience (common when using our direct health solutions) you get a refund from the insurance carrier at the end of the policy term.
Self Insurance
Not as scary as it sounds! You pay each individual health claim as they come in- according to a plan design customized for your workforce. But- you stop paying when claims reach a specific threshold. This is called stop loss insurance. You pay a premium for stop loss. A common threshold is $25k for an employer with 100 people.
If you have a healthy workforce and have 100+ employees, this is the best way to sharply decrease your employee health costs.
