Can alternative funding strategies help control GLP-1 costs?

Traditional plans offer little control over these lifestyle drug costs. While reference-based pricing can limit what you pay, ICHRA is the only model that completely removes the employer from the equation. This is because ICHRA shifts those prescription costs onto the individual market, where community-rating applies.

Can I switch funding strategies midyear?

The easiest way to change strategies midyear is to switch to an ICHRA. Launching an ICHRA midyear creates a special enrollment period (SEP), allowing employees to enroll in qualifying individual health insurance plans. This flexibility means that large employers aren’t stuck with their traditional group plan until the end of the plan year.

Elizabeth Walker

Elizabeth Walker is a content marketing specialist at Remodel Health and PeopleKeep. Since starting with the company in April 2021, she has become well-versed in writing about HRAs, health benefits, and small business solutions. Outside of her expertise in the healthcare benefits industry, Elizabeth has been a writer for more than 20 years and has written several poems and short stories. She's published two children’s books in 2019 and 2021, which she is developing into a series of collected works. Her educational background as a classical musician and love of the arts continue to inspire her writing and strengthen her ability to be creative.

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