Unquoting Insurance Company
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| 📞 +1 (888) 928-9324 |
| 📧 mail@unquoting.com |
| 📌 3848 W 130th St Lowr, Cleveland, OH 44111 |
| Sells insurance to protect you and your assets in all 50 states. |
| Licensed insurance school in the state of Ohio. |
| Get a free, no obligation quote today. |
What's ICHRA?
ICHRA allows businesses to take control of their healthcare budgets and gives employees the ability to choose. The Individual Coverage Health Reimbursement Arrangement (ICHRA) allows businesses of all sizes to offer employees a monthly allowance of tax-free money, allowing them to buy health care services that fit their unique needs while controlling costs and addressing ACA compliance.Challenges Facing Employers Today
- Health insurance costs are skyrocketing and out-of-control
- Recruiting and retention challenges are rising
- “One-size-fits-all” group insurance plans aren't meeting employee needs
- ACA non-compliance is leaving employers exposed to significant fines
- ACA mandates for large employers are eroding employee compensation
- Remote workforces are continuing to grow.
Benefits of Individual Coverage HRAs for Employers
- Flexibility: Employers can offer levels of benefit per employee class
- Attraction/Retention: Employees can choose a health plan tailored to their specific needs
- Controlled Costs & Risk: Employers can take control of the insurance spending, contributions, and risk
- ACA Compliance: Meets both mandates of Minimum Value and Affordability
- Tax Efficiency: Helps employees pay for individual health insurance premiums tax-free, not impacting their taxable income
- Administration: With a benefits administrator, ICHRA eliminates businesses working between insurance companies and employees
Who's eligible?
As long as an employee has coverage under an individual health insurance policy, and the employer chooses to include their employees in the ICHRA, they're eligible.
The process for implementing ICHRA benefits is simple. It allows employees to choose the plan and benefits that best meet their unique needs. From an administration perspective, an employer decides what allowance each employee will receive. Then, employees make their health care purchases, including insurance, and submit proof of their expenses. Within the allotted allowance amount, the company reimburses them for those expenses. It's that easy!
Contact us today at Unquoting Insurance Company and we can help you get set up with an ICHRA and help your employees choose the right plan as well.
- Unquoting Insurance Company
Founded in 2025, Unquoting Insurance Company by an experienced insurance professional licensed, our insurance agency specializes in health, life, property, and casualty insurance in all 50 states. Dedicated to personalized solutions, we pride ourselves on excellent customer service. Need help finding the right insurance policy or want a free quote? Contact us today to explore your options and see how much you could save!