Three steps. No catch. The math works because individual market rates are lower than small group in hundreds of counties.
Cancel your small group health insurance. In many counties, group premiums are 20-62% higher than individual rates for the same coverage level.
Give each employee a tax-free monthly allowance to buy their own ACA marketplace plan. You choose the amount — there are no minimums or maximums.
Employees get the same or better coverage at a lower price on the individual market. You pocket the difference. In the right county, that is thousands per year per employee.
Enter your county and see exactly how much ICHRA saves your business.