Individual Coverage HRAs (ICHRA) became available in January of 2020 and offer employers the ability to offer healthcare budgets instead of healthcare plans. This is beneficial for both employers and their employees, since an ICHRA allows individuals to choose their own healthcare plans. The Department of Labor projects that nearly 1 million employers will ditch […]
In January 2020, we saw the most significant development in health insurance take place since the Affordable Care Act. Individual Coverage HRAs—also called “ICHRA” (ick-ruh)—finally launched after 15 months of coordination between government agencies following a presidential executive order. Fundamentally, Individual Coverage HRAs allow employers to offer health benefits to their employees in the form […]
1 in 2 Americans have access to health insurance through an employer, accounting for 151,000 million people. 87% of all large and mid-sized employers offer only traditional group health plans. Though the scope is great, the options for both employers and employees have remained fairly limited. In January of 2020, a brand new method for […]
If you are planning on giving extra pay to your employees and cancelling your group health coverage, there are some important things you need to understand before doing so. While there is value in giving employees more choice when it comes to their health benefits, there are a few ways you can improve the transition […]
Important Notice: Remodel Health does not intend to provide specific insurance, legal, or tax advice. Remodel Health always recommends to consult with your own professional representation to properly evaluate the information presented and its appropriate application to your particular situation. Understanding health insurance terms can help you identify the best benefits strategies to cut costs […]
Important Notice: Remodel Health does not intend to provide specific insurance, legal, or tax advice. Remodel Health always recommends consulting with your own professional representation to properly evaluate the information presented and its appropriate application to your particular situation. Employers often feel stuck in their expensive health benefits plan. Group products increase by an average […]
Important Notice: Remodel Health does not intend to provide specific insurance, legal, or tax advice. Remodel Health always recommends to consult with your own professional representation to properly evaluate the information presented and its appropriate application to your particular situation. Individual Coverage HRAs just became available in 2020. This innovative health benefits solution is projected […]
Taxes and health insurance: two topics most people don’t exactly love to talk about. Nonetheless, they are more connected than we often think about. This is especially true for those who use the Marketplace. Entering into tax season means looking back at last year. How much money did you end up making? What plan […]