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Implementing ICHRAs with Remodel Health

As a business owner, choosing a health plan that satisfies your employees is important. But with so many employees—each with their own set of unique needs—this task may be easier said than done. At least, it used to be until Individual Coverage Health Reimbursement Arrangements (ICHRAs) came around. 

An ICHRA is a special type of Health Reimbursement Arrangement (HRA) that comes with a full spectrum of healthcare options, which makes finding the perfect fit for each team member much easier! When you partner with Remodel Health, you’ll be able to experience a seamless ICHRA setup process and enjoy the confidence that comes from supporting your team’s well-being.

How Can Remodel Health Help My Organization Implement ICHRAs? 

Since 2020, Remodel Health has helped employers and their thousands of employees with the ICHRA integration process. This process is both simple and efficient. Below, you can read more about the three key steps involved in implementing ICHRAs in your organization:

1. Designing Your ICHRAs

Our intuitive software allows us to navigate you through crafting customized HRAs tailored to your employees’ unique needs. This can include eligible expenses, coverage tiers, and more.

2. Caring For Your Team

Managing the health and happiness of your employees has never been easier. Our team supports your team in selecting their health insurance and onboarding to our software platform. Whenever you need support, you can count on our dedicated ICHRA specialists. They are always just a phone call away.

3. Embracing Your New Insurance Solution

Our state-of-the-art software ensures transparency through detailed reporting. We can efficiently bundle your employees’ plans into one package and group bill, ensuring both are easily accessible.

Working With Remodel Health 

When you partner with Remodel Health for the benefit of your organization, you can expect things to quickly take a turn for the better. Here’s what to expect when working with us:

1. A professional review of your current benefits

Our highly-trained and -experienced consultants will perform a complete analysis of the health benefits you’re currently providing if you’re offering any. Utilizing our advanced software will meticulously review the plan design and various details of your current benefits.

2. A thorough examination of your current costs

From employer costs to individual employee costs and potential tax credits, our high-end software helps us review your current spending and see where savings are possible.

3. A rigorous exploration of your possible contributions

From HSAs to HRAs, our consultants will help you examine any extra contributions you are currently making for your team and how you may be able to add to your offering. We also offer a medical bill reimbursement feature that helps employers go above and beyond when possible.

4. A detailed comparative analysis of your options

After thoroughly analyzing your coverages, costs, and contributions with our software, our team will compare your options and help you select benefits that suit your organization’s needs. Remodel Health has more options available than any other ICHRA software.

Monitoring and Evaluating ICHRAs’ Success at Your Organization

With help from Remodel Health’s state-of-the-art software and licensed experts, ICHRAs can be successfully implemented, monitored, and evaluated. Having our team monitor and evaluate ICHRAs’ progress and statistics will help ensure its success across your organization. We can establish clear objectives and metrics, collect and track data, complete comprehensive cost analyses, and more.

Reach Out to Remodel Health Today 

It’s time to start thinking beyond your traditional group plan. Remodel Health’s team of licensed consultants, benefits advisors, and customer success representatives is dedicated to helping organizations of every size with ICHRA implementation and administration. We will walk you through all your options when choosing health benefits for your organization and be there for you every step of the way.

Contact us today if you want to learn more about how we can help your business succeed by utilizing ICHRAs!