Simplified Individual Coverage HRAs
Streamlined employee health benefit options for companies of any size.
Simplified Individual Coverage HRAs
Tailored Health Benefits for Every Business
ICHRA stands for Individual Coverage Health Reimbursement Arrangement. It is an alternative to traditional group health benefits that allows employers of any size to provide more flexible and cost-effective health benefits to their employees. With ICHRA, employees choose their own health insurance plans and get reimbursed for expenses.
- Flexibility to choose personalized health insurance coverage
- Reimbursement for eligible health expenses
- Streamlined administration for employers and employees
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.
Pricing
Instead of Picking a Plan, Set a Budget
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