ICHRA ADMINISTRATION

Simplified Individual Coverage HRA's

Streamline your health insurance administration with Benafica’s specialized services and innovative platform.

Flexible plan options set ICHRA apart from traditional health benefits

Individual Coverage Health Reimbursement Arrangements (ICHRA) provide employers with a flexible and cost-effective way to offer health benefits to their employees. With ICHRA, employees can choose their own health insurance plans and get reimbursed for expenses.

Simplify ICHRA Administration with Benngi+

Benngi+ is a simple, trusted, and compliant platform that revolutionizes the administration of Individual Coverage Health Reimbursement Arrangements (ICHRAs). It provides a seamless experience for brokers, HR representatives, employers, and employees.

Streamline ICHRA

Manage ICHRA reimbursements, track expenses, and access important documents all in one place.

Enhance Efficiency

Save time and reduce administrative burden with Benngi+’s intuitive features and automation.

ICHRA SET-UP

Set up your health insurance with ease

With Benafica’s ICHRA solution, you can effortlessly set your budget and provide each employee with the right amount for their health insurance. Our user-friendly Benngi+ platform makes it simple for employees to shop and enroll in a health insurance plan. Leave the rest to us, and enjoy hassle-free administration.

Set your budget

Set your budget and determine the amount to provide each employee for health insurance. Together with Benafica’s expert team, we’ll create an ICHRA funding strategy tailored to your needs.

Employee enrollment

Employees can shop and enroll in health insurance on the Benngi+ platform, using AI decision-support tools to personalize their selection.

We take care of the rest

We’ll handle monthly premium payments, employee onboarding/offboarding, compliance, and ongoing employee customer service needs.

ICHRA Pricing

Instead of picking a plan, set a budget

Choose a budget and get the coverage you need

Option 1

Age-based

This strategy ensures greater equity across your workforce.

Set a target coverage-level for your workforce (e.g. 75% of a Gold Plan)
Each employee will have the same purchasing power.
Contribution amounts will differ depending on employees age and work location. Why? Insurance costs vary based on age and location.
Priority claims processing
Additional employee benefits
Premium customer support

Option 2

Flat-dollar

This strategy can be simpler to understand but it can disadvantage older employees and those living in areas where insurance is more expensive.

Set a flat dollar amount for all employees (e.g. $500)
Each employee will receive the same dollar amount to buy health insurance.
Priority claims processing
Additional employee benefits
Premium customer support

Client Stories

Hear from our satisfied clients about their experience

Benafica's ICHRA services have been a game-changer for our employees. It has provided them with more flexibility and control over their healthcare.

John Doe

Using Benafica's ICHRA services has simplified our benefits administration process and improved employee satisfaction. Highly recommended!

John Doe

Get Started

Discover how Benafica can simplify your benefits administration.