Individual Coverage Health Reimbursement Arrangements (ICHRA)

Simple, Predictable and Flexible Employer Health Plans

Providing health insurance to your employees can be expensive, complex and difficult for businesses to manage. But with the introduction of Individual Coverage Health Reimbursement Arrangement (ICHRA), businesses of all sizes can now offer health insurance options to more employees than ever before.

What is ICHRA?

As an alternative to the traditional way of providing health insurance to employees, ICHRA allows any size employer to fund an account for each employee. Employees can then shop on the individual marketplace to buy a portable health plan that works best for them, meaning they can take the health plan with them if they leave.

Why Choose ICHRA Infographic

To speak with our Individual Coverage HRA specialist for more information, please fill out the form below. Or call:

James Douglas
303-815-4367
James.douglas@fridayhealthplans.com

How Does ICHRA Work?

Businesses love how straightforward and streamlined ICHRA plans are to administer.

check markMeet with one of our administrative partners who can set up employee accounts and distribute the financial contributions to the accounts.

check markEmployees select their own health plans and enroll independently.

check markEmployees submit their proof of premium payment to the administrator, who then reimburses the employee.

Want More Information? Download This Brochure.

Employees Love Friday Health Plans

After getting set up on your ICHRA, tell your employees about Friday Health Plans. We provide wallet-friendly Catastrophic, Bronze, Silver, and Gold health insurance plans that Coloradans trust. Our products are designed with simplicity and affordability in mind for people who buy their own health insurance.

 

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ICHRA in the News

Obamacare Boost Expected From New Trump Administration Health Plans
Bloomberg Law
September 11, 2020

New Health Plan Option Offers Colorado Employers More Flexibility During Covid-19
Denver Business Journal
August 5, 2020

 

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Speak to a Health Plan Expert.

Friday Health Plans is open Monday – Friday, 8am – 5pm MST.
To receive a call back, email questions@fridayhealthplans.com