Looking for Feedback on ICHRAs
(This came to me anonymously from an HR Manager - Steve)
We have been considering implementing an ICHRA at our company. Right now we're in the middle of considering various vendors.
I'd like to hear from employers who have implemented ICHRAs, so I have a point of reference on the pros/cons of what they offer. I'd like to know things like:
- What do you wish you'd have known before you moved over to an ICHRA?
- What are the biggest administrative issues?
- What vendor do you use and what is their customer service like?
- How did employees take the change? Did they understand how to use the ICHRA?
- How has it performed vs. a traditional plan?
Thanks for any insight and feedback you can share. It will help us in our decision.
1 reply
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It's been a bit since I last helped a client set up an ICHRA. However, I found great articles and actually had a few clients utilize PeopleKeep (https://www.peoplekeep.com/). It's worth checking out for information and possibly a resource for you. I remember one company that was with an ICHRA and it was a nightmare. When connected to Peoplekeep, it became a breeze!
Hope that gives you some insight to help in your research.