3 Ways HR Leaders Can Win With ICHRA | Sessions

Search Schedule

HR Technology Theater
3 Ways HR Leaders Can Win With ICHRA
In-Person Monday 06/24/2024 03:00 PM - 03:30 PM   Add to calendar

Competencies: Organization (Technical), Workplace (Technical) | Intended Audience: Growing, Experienced, Mid-Level, Senior-Level, Executive-level
Workplace Application:
Learn how this new health benefits model works, why more and more companies are switching to it from their group plan, and how to assess the opportunity for your company. 

A recent survey found that the biggest challenges for HR professionals are tight budgets, time constraints, stress, and overwhelm. Not surprisingly, burnout is at an all time high in HR. Dealing with group health insurance is front and center when HR professionals evaluated their pain points. Specifically, they ranked controlling health insurance costs as the worst offender.

 

There’s a new way of doing health benefits that allows HR leaders to stay in control of these costs and minimize administrative burden. Called an individual coverage HRA (ICHRA), this new benefits solution allows companies to reimburse their employees for health insurance rather than buying it for them. Personalized benefits alleviate many of the pain points that HR leaders face today: no more renewals, no more unhappy employees with one-size-fits-all plans, no more shifting costs to employees. With unprecedented choice for employees and cost control for HR professionals, ICHRA is a win-win that’s worth a look.

 

Learning Objectives:

  • How the individual coverage HRA works
  • What types of companies and locations are trending with ICHRA adoption
  • How to decide if this benefits solution is right for your company
  • What steps it takes to get started
Charlotte Smith Photo
Presenter:
Charlotte Smith, Director of Partnerships,
Take Command