Employers save $2,324/yr per employee by switching from small group to individual health insurance.
Instead of paying $510/month per employee for a small group plan, you can offer an ICHRA that reimburses employees for individual coverage at $316/month.
That's a savings of $194/month per employee — $2,324 per year. All reimbursements are tax-free for employees and tax-deductible for employers.
| County | Richland County |
| State | South Carolina (SC) |
| FIPS Code | 45079 |
| Population | 416,161 |
| Individual Premium (Bronze) | $316.28/mo |
| Small Group Premium (Bronze) | $509.93/mo |
| Monthly Savings | $194/mo |
| Annual Savings per Employee | $2,324/yr |
| Savings Percentage | 38% |
See how ICHRA can transform your health benefits in Richland County, South Carolina.