A New Option for Employers
Prior to recent government guidance, employers could not meet their Affordable Care Act (ACA) obligations and avoid penalties without sponsoring a traditional group health plan. All this changes for 2020 with the new individual coverage health reimbursement arrangement (ICHRA) option.
By offering an ICHRA you can:
- Eliminate claim risk and cost unpredictability
- Reduce the administrative burden of designing and managing a group health plan
- Empower employees to select from a wide array of portable ACA-governed individual health plans
- Meet your ACA employer mandate responsibilities
Why Willis Towers Watson?
Since 2006, Willis Towers Watson’s Individual Marketplace has helped millions of people find and enroll in individual health insurance coverage. Our fully owned and integrated HRA administration solution ensures the process is seamless and worry-free for both employers and employees. Our expertise includes:
Download
Title | File Type | File Size |
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ICHRA Product Brochure 2021 | 1.5 MB |