5 Ways CHOICE Arrangements are More Flexible Than Your Group Health Plan
CHOICE Arrangements offer employers contribution control, no participation minimums, employee plan choice, class-based customization, and easy scaling. See how they’re…
Benafica is a health benefits and insurance company that helps employers offer flexible, tax-free health reimbursement plans instead of traditional group health insurance.
Smart People, Real Benefits
Better Benefits Start Here
Whether you’re launching benefits for the first time, upgrading your stack, or replacing a group plan, we help employers create flexible benefits programs that are simple to manage, tailored to employees, and backed by real people.
What We Do
Health Reimbursement Arrangements (HRAs)
Every employer’s workforce is different. Benafica offers health reimbursement arrangement (HRA) administration and benefits services designed to flex with your team — whether you have 5 employees or 5,000.
ICHRA
Individual Coverage HRA
Also known as a CHOICE Arrangement, this is the most flexible health benefit for employers of any size.
- Set a monthly allowance by employee class
- Employees choose individual health insurance plans
- Reimburse them tax-free
- No contribution limits
- No participation minimums
QSEHRA
Qualified Small Employer HRA
Designed for small businesses with fewer than 50 full-time equivalent employees.
- Offer a simple monthly benefit amount
- Employees can use any qualifying coverage
- Reimburse them tax-free
- IRS-set contribution limits
- No participation minimums
Why Benafica
What Makes Us Different?
There are a lot of benefit administrators out there.
Benafica has earned the trust of hundreds of organizations by delivering reliable, compliant, and genuinely helpful employee benefits and insurance administration.
ICHRA Expertise
We’ve been administering HRAs since the beginning, building deep ICHRA expertise and individual market knowledge along the way.
Our Platform
Our ICHRA platform was built in-house with input from employers and brokers to make HRA administration easier and more transparent.
Broker-Friendly Service
We partner with brokers. You can keep your BOR, stay connected to your clients, and have a dedicated service team supporting every employer.
Trusted by Employers, Brokers, and Associations
"Benafica has been an excellent company to work with. They’ve far exceeded my expectations when it comes to service, friendliness, knowledge, and responsiveness. I would highly recommend them to any organization looking for a better approach to employee healthcare."
"We were facing a 20%+ increase in insurance costs and weren’t sure how to move forward until we were introduced to ICHRA. Initially skeptical, we took the time to learn the model with Benafica’s team and ultimately made the switch for 2025. Now in our second year, we’ve chosen to continue with ICHRA and couldn’t be happier with the decision."
"We're a non-profit organization. Benafica has been fantastic in helping us get set up and walking us through benefit options. They also did a great job talking us through how ICHRAs work and what makes sense for our business. Thank you!
"We trust Benafica with our ICHRA business because they're always quick to respond, whether it's compliance, portal support or enrollment updates. Having a reliable back-end team has been a game-changer!"
"We are a new QSEHRA client to Benafica and our experience has been top-notch from the entire team. We look forward to a long-lasting relationship.
Case Study
Rydell Auto
When group health stopped working, Rydell found a new path forward with ICHRA. Watch the 2-minute video to see how they made the switch.
Blog Articles
Latest News and Insights
Medicare 2027: What’s Changing in Minnesota
Medicare Advantage plans are changing across Minnesota in 2027. Learn about key enrollment dates, drug plan shifts, and supplement options…
ICHRA Has a New Name: Meet CHOICE Arrangements!
As of September 3, the Individual Coverage Health Reimbursement Arrangement (ICHRA) has a new name: CHOICE Arrangement.
Get a Quote
Let's Build Your Benefits
Tell us a little about your team. We’ll put together ICHRA and QSEHRA options that fit your budget.
-
We review your details
A benefits specialist looks at your team and current plan. -
We build your model
Allowance options and costs, tailored to your classes. -
We walk you through it
A short call to answer questions and plan next steps.