Date & Time
Tuesday, May 24, 2022, 2:45 PM - 3:45 PM
The ICHRA Question: Is it Too Good to Be True?

When introduced a few years ago, Individual Coverage HRAs ("ICHRAs") were touted by the government as a way for employers to avoid navigating and managing complex health benefit designs. To some, ICHRAs promised employee benefit calm in a sea of health insurance volatility. Employers were intrigued. Brokers and carriers were cautious, perhaps due the old adage: “If it looks too good to be true, it probably is.” Indeed, ICHRAs are notable for their complex regulatory requirements that tend to catch employers (and even brokers) unawares. Employees’ experiences in an ICHRA depend largely on their ability to make educated decisions about their health insurance coverage in a market where education is often lacking and the robustness of the individual health insurance market varies wildly among geographic markets. 

In this interactive session, we will:

  • Identify the barriers to more widespread ICHRA adoption
  • Identify the numerous ICHRA compliance considerations that savvy brokers should raise with their clients and with ICHRA vendors
  • Explore the educational challenges with respect to employees covered by ICHRAs
  • Identify the types of employers that could benefit most from ICHRAs
Sarah Fowles