Employers save $1,223/yr per employee by switching from small group to individual health insurance.
Instead of paying $422/month per employee for a small group plan, you can offer an ICHRA that reimburses employees for individual coverage at $320/month.
That's a savings of $102/month per employee — $1,223 per year. All reimbursements are tax-free for employees and tax-deductible for employers.
| County | Lake County |
| State | Illinois (IL) |
| FIPS Code | 17097 |
| Population | 713,159 |
| Individual Premium (Bronze) | $320.09/mo |
| Small Group Premium (Bronze) | $422.00/mo |
| Monthly Savings | $102/mo |
| Annual Savings per Employee | $1,223/yr |
| Savings Percentage | 24.1% |
See how ICHRA can transform your health benefits in Lake County, Illinois.