What is ICHRA? 

The Individual Coverage Health Reimbursement Arrangement (ICHRA) is a modern, tax-advantaged way for businesses to provide health benefits without the complexities of a traditional group plan. Instead of offering a single employer-sponsored plan, businesses can reimburse employees for their individual health insurance premiums and qualified medical expenses.

How ICHRA Works

• Employers set a budget and contribute tax-free funds to reimburse employees for their healthcare costs.
• Employees select and purchase their own individual health insurance plans.
• Reimbursements are processed tax-free, providing financial advantages for both employers and employees.

How The Davies Agency Supports Your Business

Implementing an ICHRA shouldn’t add extra stress to your HR team. That’s where we come in!

At The Davies Agency, we personally assist each employee in:
 ✅ Setting up their ICHRA account for seamless access to benefits.
 ✅ Choosing the right insurance carrier and plan that best fits their healthcare needs.
 ✅ Ensuring an effortless onboarding experience, so they understand how to use their benefits effectively.

By handling these steps, we remove the burden from HR teams, making ICHRA implementation simple and stress-free for your business.

Why Choose ICHRA?

✔ Flexibility – Employers can set different reimbursement amounts for full-time, part-time, and seasonal employees.
 ✔ Cost Control – Businesses set their own budgets and avoid unpredictable premium increases from traditional group plans.
 ✔ Employee Choice – Employees have the freedom to select a plan that meets their personal healthcare needs.
 ✔ Tax Advantages – Employer contributions are tax-deductible, and employee reimbursements are tax-free.

Get Started with ICHRA

Looking for an easy, cost-effective way to offer health benefits? The Davies Agency is here to help! Contact us today to learn how we can support your business and ensure a smooth transition to ICHRA.