An Effective & Newly developed solution for employers
Looking to provide health benefits to your employees? ICHRA is available as a stand-alone benefit or as an additional alternative along health insurance or any health benefits program.
For employers all reimbursements are 100% deductible. For employee all reimbursements are non-taxable.
Employers don’t have to worry about renewals, increasing annual premiums or doctor networks.
Businesses set their monthly allowance & provide different allowance amounts to different employee classes.
Employers with ICHRA may make distinctions between different groups of employees
- Full-time employees
- Part-time employees
- Employees who are paid on a salary basis
- Non-salaries employees (exm: hourly employees)
- Employees whose primary site of employment is in the same rating area
- Seasonal employees
- Employees who are covered by a collective bargain agreement (CBA)
- Employees who have not satisfied a waiting period for coverage
- Non-resident aliens with no U.S-based income
- Temporary employees of staffing firms
- Any group of employees formed by combining two or more of these clases
small size company
Less than 50 employees
Employers today are facing tremendous challenges. Meeting payroll every Friday, providing a full range of benefits to attract and retain talented employees, investing on the growth of your company and keeping one to two steps ahead of your competitors is not an easy task. While we cannot help you in every area, our team of insurance and benefit professionals are able to help you and your employees every step of the way.
We have access to traditional insurance products offered by the top insurance companies in the industry. We also have access to non-traditional products as well. Medical Cost Sharing is one of those. Combining life, healthcare, dental, disability and all supplemental insurance products we will be able to design a plan to meet your employees needs but more importantly meet your budget requirements. For more information, schedule a 1:1 meeting to discuss your current situation and what challenges you are currently facing. We want to become your trusted advisor and will earn your business the old-fashioned way with honor, integrity and respect for you and your people.
Medium size company
Growing companies face tremendous challenges because of new government regulations, having employees in multiple locations, and an employee base as diverse as your clients. The demand to recruit, train and more importantly retain the best talent possible, requires more than just a solid paycheck. The employee benefits need to be as diverse as your employee base.
Our ICHRA solution will accomplish this by bringing the best insurance companies together, based on your various locations, with access to be best healthcare options available. The ability to design an employee benefit plan different that currently being offered to you today is what is needed for employers facing the daunting task of retaining your best talent.
Our team of insurance professionals are dedicated to creating a benefit design that is as unique as your company, your products and your vision for a successful company. We do not have a one size fits all approach and seek out the traditional and non-traditional insurance companies that will work with us to provide the best solution and the best price.
large size company
More than 250 employees
Your continued growth will depend on six success factors all companies face. Competitive products, outstanding customer service, talented senior executives, seasoned management and dedicated employees to help push your continued growth towards becoming a $100 million-dollar company. That takes time. The final element Is an approach to the financial management of the company that allows for manageable growth and responsible expense management in every area. When the expense of providing the best employee benefit programs, government mandated benefits and other regulatory requirements become a cost of 35-39% of your payroll expense, an alternative approach to your employee benefit programs are needed.
Our company has decided to move away from traditional self-funded, minimum premium and level funded approaches to solving your employee benefit requirements as well as managing the cost of those programs. These current solutions have not solved the trendline of health care expenses. We have found that employees are not engaged in helping you keep costs down by becoming smarter shoppers, as they do for all of their personal purchases. This has to change. We have the solution.
Want to find out how MPowering Benefits can solve problems specific to your business? Let’s talk.