As a benefits consultant in the fast-paced world of health insurance, your time is precious. Between juggling multiple clients, researching the latest industry trends, and staying up-to-date with regulatory changes, you’ve got a lot on your plate. Did you know that with the right administration partner, an Individual Coverage Health Reimbursement Arrangement (ICHRA) can actually save you time and increase your clients’ happiness?
We’re guessing you spend a solid portion of your day negotiating rates with insurance carriers on behalf of your clients. We get it: These negotiations involve multiple rounds of discussions, countless emails, and an immense amount of paperwork. But for those clients facing annual rate hikes due to high-cost claims, they’re depending on you to find them the possible cost without sacrificing coverage.
With an ICHRA, you and your clients can say goodbye to the vicious renewal rate cycle for good. Rates for the individual market aren’t tied to claims from a specific employee pool, and they’ve remained largely flat over the past five years. So unlike traditional group health insurance plans, ICHRAs allow your clients to set a fixed contribution amount per employee that rarely changes. This removes the need on your end for yearly negotiations and having to deliver increases to an unhappy client. It’s a streamlined approach not only saves time but also eliminates the uncertainty associated with fluctuating rates in future years, providing stability for both you and your client.
What’s more, the individual health insurance marketplace is typically more competitive than the group insurance market, which also helps keep employees’ own costs down without needing intense consultant-carrier negotiations.
In addition to eliminating the need for carrier negotiations, an ICHRA with SureCo can also save you time when it comes to Open Enrollment. Our migration specialists fully manage the onboarding process, including client and employee education, and our streamlined Enrollment Platform can enroll large groups into individual plans in minutes. After OE, we provide 24/7 customer support and robust reporting on behalf of your clients.
We’ll let you decide what to do with your newfound time, but many of our consultant partners have used it to beef up their clients’ ancillary offerings, which can then be incorporated directly into our platform.
Meet with a SureCo benefits expert today and see how you can harness the power of ICHRA and revolutionize your approach as a benefits consultant. At SureCo, we put our partners’ priorities first. Expect express quoting, long-term competitive compensation, and lead generation and enablement.

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