RAD Risk Advisors
Let employers reimburse employees for individual health insurance coverage.
An Individual Coverage HRA (ICHRA) is a modern way for employers to offer health benefits without being locked into a traditional group plan. Instead of choosing one insurance plan for everyone, employers set a monthly allowance and employees use those dollars to buy the individual health plan that fits them best.
With an ICHRA, employees get more choice and employers get more control over cost. The company decides how much to contribute, and employees pick their own coverage from the individual marketplace. The reimbursement can be used for health insurance premiums and, depending on the setup, other qualified medical expenses.
ICHRA works for businesses of all sizes and can be tailored by employee class—full‑time, part‑time, seasonal, salaried, and more. It's flexible, budget‑friendly, and designed to meet today's workforce expectations.
If you're exploring ICHRA and want a clear, simple path forward, we're here to help. Reach out to us with your questions, and we'll walk you through the process, clear up any confusion, and help you set up an ICHRA that fits your team and your budget.
Contact us today and let's get this moving.