Employers save $1,513/yr per employee by switching from small group to individual health insurance.
Instead of paying $467/month per employee for a small group plan, you can offer an ICHRA that reimburses employees for individual coverage at $341/month.
That's a savings of $126/month per employee — $1,513 per year. All reimbursements are tax-free for employees and tax-deductible for employers.
| County | Florence County |
| State | South Carolina (SC) |
| FIPS Code | 45041 |
| Population | 137,015 |
| Individual Premium (Bronze) | $341.11/mo |
| Small Group Premium (Bronze) | $467.17/mo |
| Monthly Savings | $126/mo |
| Annual Savings per Employee | $1,513/yr |
| Savings Percentage | 27% |
See how ICHRA can transform your health benefits in Florence County, South Carolina.