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.