Benefits of ICHRA
For Employers
- Cost Control: Employers can set predictable budgets for health benefits, avoiding the rising costs of traditional group health insurance.
- Flexibility: ICHRA allows for different reimbursement levels based on employee classes, such as full-time, part-time, or seasonal workers.
- ACA Compliance: ICHRA meets the Affordable Care Act (ACA) requirements for Minimum Value and Affordability, helping employers avoid penalties.
- Attraction and Retention: Offering a flexible health benefit can help attract and retain top talent by meeting diverse employee needs.
For Employees
- Choice: Employees have the freedom to choose health insurance plans that best suit their individual or family needs.
- Tax Advantages: Reimbursements for health insurance premiums and qualified medical expenses are tax-free.
- Portability: Employees can keep their health insurance plans even if they change jobs, providing continuity of care.
For Agents
Keep clients and commissions, while maintaining full visibility and servicing groups and employees with ease.
Key Features
General Agency (GA) Service for Out-of-State Employees
As a national TPA with general agency (GA) services, we can service carriers and employees all over the country, even employees living outside the employer's/broker's state or market.
Group Management and HRA Administration
HRA accounts are set up and funded with employer contributions and employee payroll deductions right in Group Solutions, so monthly premium payments process automatically to the health plan on the members' behalf.
Streamlined Implementation
We streamline implementations using automatic enrollment file and plan and rate data.
Why choose ICHRA through PAI?
Along with using the Group Solutions Technology, PAI bring its 40+ years of experience providing flexible administration services, and a diversified portfolio with white-glove customer service to the ICHRA market with its partners, including:
- Customizable Solutions: We provide flexible solutions tailored to carriers and their clients.
- Comprehensive Services: We offer a wide range of administrative services, including claims processing, customer service, and benefits management.
- National Licensing: Licensed to operate in all 50 states, we support multiple carriers.
- Innovative Approaches: Our innovative strategies support client partners, enhancing efficiency and effectiveness.
- Experienced Staff: With a well-trained and experienced staff, we reduce the workload for carriers by managing employee benefits, health plans, and retirement plans.
- Group-centered Experience: Employees and brokers shopping and enrollment is in a familiar group-like benefits experience.
- Diverse Contribution Strategies: HRA accounts are set up and funded with employer contributions and employee payroll deductions right in Group Solutions, so monthly premium payments process automatically to the health plan on the members' behalf.
- General Agency Services: We provide general agency services for employees living outside the state or market.
- Broker AOR Protection: Brokers retain agent of record, allowing them to provide service, support and curated plan offerings to employers and employees.
Still have questions? You can view our FAQs or contact ICHRA.Enrollment@paisc.com for assistance.
- Resources