A CHOICE Arrangement, formerly called individual coverage health reimbursement arrangement (ICHRA), offers employers an effective alternative to the traditional way of providing health insurance while also helping them meet their Affordable Care Act (ACA) obligations and avoid potential penalties. Instead of offering a one-size-fits-all group health plan, employers can provide tax-free funding for all, or specific segments, of their workforce to purchase individual health insurance that best meet their needs.
This approach eliminates claim risk, provides cost predictability and reduces administration for employers while providing employees an opportunity to select from a wider range of ACA health insurance options for themselves and their families.
Traditional group health plans are no longer the only option. Employers are looking for ways to address the rising cost and administrative burden of providing healthcare plans without reducing or eliminating benefits.
- Group plan premiums continue to rise, sometimes at double-digit rates
- Group plans can be complex to support
- One-size-fits-all group benefit packages don’t sufficiently address everyone's healthcare needs
Eliminate claim risk and cost unpredictability
Reduce the administrative burden of designing and managing a group health plan
Empower employees to select from a wide array of portable ACA-governed individual health plans
Meet your ACA employer mandate responsibilities, thus avoiding onerous ACA penalties
Via Benefits by WTW can help you determine if a CHOICE Arrangement is right for your organization
Financial Impact Analysis
We run the numbers to compare the cost of individual insurance for your employees to the cost of your current group health plan. This will help you understand if your employees can obtain individual insurance that represents a better value compared to your group plan.
Individual insurance market assessment
We help you assess the key markets where your employees reside to understand the range of available health insurance options (insurers and plans) and to determine if a CHOICE Arrangement approach might be a good fit for all or part of your workforce.
Program strategy and design
Our combination of experience and expertise allows for the development of a CHOICE Arrangement solution that is right for your population(s).
Via Benefits by WTW can manage all aspects of your CHOICE Arrangement program
Employer conversion
Once you’ve made the decision to proceed, Via Benefits will support you through each step in the group-to-individual transition process.
Employee onboarding
Together we’ll create an education strategy and campaign to communicate the new benefit approach to your employees. Then we follow the strategy through execution.
Powerful tools, empowered employees
Employee can access our powerful decision support tools to find the highest-value products in the marketplace. For those who prefer to receive guidance from a live agent, our benefit advisors will individually help your employees evaluate available plans to identify the ones that best meet their needs and budgets.
Employee advocacy
Our commitment doesn’t end after enrollment. Our customer service team members step in to help troubleshoot any issue and act as tireless advocates on behalf of your employees for the lifetime of our relationship.
Why Via Benefits by WTW?
Via Benefits has helped millions of people find and enroll in individual health insurance coverage. Our fully owned and integrated HRA administration solution ensures the process is seamless and worry-free for both employers and employees.
Our expertise includes:
20years of experience guiding employers, employees and retirees through the transition from group to individual coverage.
130+Fortune 500 companies use our individual marketplace
$5Mapplications for individual insurance policies with over 100 carrier partners processed
98%participant satisfaction rate
$20Bdelivery of $20 billion dollars in reimbursements for individual insurance premiums and out-of-pocket costs through our HRA services
Our combination of state-of-the-art marketplace technology and decision support tools, expert customer service representatives and licensed benefit advisors will help your employees select and enroll in a plan that best fits their needs and budget