Cut Health Insurance Costs by 10-50%
Explore alternatives like ICHRA, level funding, or self-insurance to save.
ICHRA
ICHRA stands for Individual Health Coverage Reimbursement Arrangement.
It's ACA compliant group sponsored coverage that works like a 401k for healthcare. You set a defined fixed amount per month to reimburse employees for their individual coverage.
✅ Employees select the carrier and plan they want
✅ Buy up for lower deductibles, buy down for an HSA compatible plan
✅ No participation requirements- works for 1 to 300 employees
✅ Tax advantages for employer and employee
✅ Portable- coverage stays with the employee and gets you as the employer "out of the game"
✅ Choose different amounts for different classes (salary v hourly)
Level Funding
Level funding is a newer option that is a hybrid between fully insured and self-insured plans.
With level funding, you pay a fixed monthly premium. If you have good claims experience (common when using our direct health solutions) you get a refund from the insurance carrier at the end of the policy term.
Self Insurance
Not as scary as it sounds! You pay each individual health claim as they come in- according to a plan design customized for your workforce. But- you stop paying when claims reach a specific threshold. This is called stop loss insurance. You pay a premium for stop loss. A common threshold is $25k for an employer with 100 people.
If you have a healthy workforce and have 100+ employees, this is the best way to sharply decrease your employee health costs.
Let's Talk Health Savings Accounts
Recent federal legislation has expanded HSA compatibility.
Key Features of HSA Plans
1. Funds owned by employee and can be accrued and invested.
2. Can be used for services not covered by insurance (like orthodontia, OTC meds).
3. All bronze plans and some plans with co-pays are now HSA compatible.
4. Telehealth and direct primary care no longer subject to deductible for HSA plans.
We recommend all employee benefit packages come with an HSA plan option.
Self-Serve Primary Care
Cody, the leading AI doctor, is here to help with your financials and operations.
1. Cut your claims costs (doctor avoidance, smarter routing to cost effective care).
2. Get your people well and back to work faster.
3. Improve individual energy and brain power for better performance on critical tasks and projects.
4. Private talk therapy to relieve stress and anxiety.
