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Individual coverage health reimbursement arrangement (ICHRA)

An ICHRA offers employers an effective alternative to the traditional way of providing health insurance to employees.

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Instead of offering a one-size-fits-all group plan, employers can provide tax-free funding for all — or specific segments of their employees — to purchase health insurance that best meets their particular needs.

A new option for employers

Prior to recent government guidance, employers were obligated under the Affordable Care Act (ACA) to sponsor a traditional group health plan or face penalties. In 2020, ICHRAs were introduced as an option to help employers meet their ACA obligations.

By offering an ICHRA you can:

  • 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

Why Willis Towers Watson?

Willis Towers Watson’s Individual Marketplace, Via Benefits has helped millions of people find and enroll in individual health insurance coverage. Our fully owned and integrated health reimbursement arrangement (HRA) administration solution ensures the process is seamless and worry-free for both employers and employees. Our expertise includes:

years of experience guiding employers, employees and retirees through the transition from group to individual coverage
Fortune 500 companies use our individual marketplace
applications for individual insurance policies with over 100 carrier partners processed
participant satisfaction rate
delivery of $20 billion dollars in reimbursements for individual insurance premiums and out-of-pocket costs through our HRA services
ICHRA: An easier and more cost-effective way for employers to offer health insurance

Learn how an ICHRA works.

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