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ICHRA: The Next Big Thing?

  • ICHRA, or Individual Coverage Health Reimbursement Arrangement, offers a potential solution for employers to manage rising healthcare costs.
  • Over the past 5 years, the average cost of providing family coverage for an employee has grown by 32%.
  • For employers that currently offer health benefits, transitioning to ICHRA can help cap costs and offer more customizable options for employees.
  • Several startups are emerging to address the challenges associated with implementing ICHRA.

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