ICHRA Contributions
Here are some helpful ICHRA resources:
Generally speaking, there are 2 approaches in deciding what to contribute to your employees ICHRA.
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Offering a set amount per employee class – i.e. $250 per Full-time Employee
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Calculating the flat monthly as an age-banded contribution based on a benchmark plan. – i.e. 70% of the selected benchmark plan. Mark’s rate for the benchmark plan is $350 and 70% of that is $245, so Mark’s monthly ICHRA contribution is $245.
For more information on pricing and to download our ICHRA Complete Guide please click the button below.
ICHRA Claims
Your ICHRA Claim Options:
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Direct Pay, by Flyte HCM – premium payments directly to carrier.
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Annual claim submission – employee files claim once at enrollment for whole year.
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Monthly claim submission – employees file a claim monthly in order to receive reimbursement.
For more information on pricing and to download our ICHRA Complete Guide please click the button below.