Lead the Pack With Customized Benefits

Stellar health benefits help leading organizations attract and retain top talent. Secure your competitive advantage by leveraging the individual market with SureCo’s value-driven ICHRA Solution.

22%

Average premium cost savings
by SureCo clients in 2021-2023

Give Yourself a Competitive Edge

Fuel high-performing teams with an Individual Coverage Health Reimbursement Arrangement.

5,000+ fully insured plans optimize performance and engagement

Powerful platform frees up your HR team to focus on revenue-driving activities

Predictable pricing driven by the free market, not claims, reduces P&L surprises

Speak with an ICHRA Expert
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SureCo’s innovative benefits platform is a game-changer for growing organizations looking to compete for great talent by offering best-in-class health benefits.

Eric Ly

CEO of KarmaCheck and LinkedIn Co-Founder

ICHRA

3.1m

employees enrolled in an ICHRA

This 2022 number is up from 2 million in 2021, according to healthcare consulting firm Avalere.

800k

employers who will offer an ICHRA

The Department of Labor projects the number of employers who offer an ICHRA will increase by 255% by 2025.

How an ICHRA Benefits You and Your Employees

SureCo’s ICHRA advantage gives employers and employees more choice and price control over their benefit options, along with fully managed migration and open enrollment.

The Power of Choice

Let employees select the right plan for their specific needs and budget.

Local Coverage

Ensure remote employees have access to quality coverage in their area.

Cost Control

You set the contribution amount. We deduct it tax-free from payroll.

Year-Round Support

Our white-glove customer service team offers education, plan assistance, and care navigation before, during, and after open enrollment.

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Speak with an ICHRA Expert

ICHRA Insights & Resources

2023 ICHRA Guide

Get schooled on all things ICHRA and find out how it can benefit your business.

Calculate Rate Savings
Instantly

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$350k+

Saved on yearly premiums

KR Management, a senior living community administrator with 1,850 employees, saved 35% on its yearly healthcare premiums by switching to SureCo from traditional group insurance.

SureCo’s ICHRA Solution provided a creative alternative to the companies second annual 25% renewal rate increase. Read more about how we onboarded 300 employees to the platform in 21 days and worked with the team to ensure payroll deductions could be done seamlessly via Paycom.

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Watch "The Price of Noncompliance"

and learn how your company can avoid ACA penalties.

Schedule a
15-Minute Call

Meet with a SureCo Benefits Expert to learn how our streamlined Enrollment Platform:

Leverages the 5,000+ health plans on the individual market
Keeps the cost of benefits predictable by eliminating claims risk
Ensures ACA and COBRA compliance
Works with your broker or benefits consultant

Frequently Asked Questions

What is an ICHRA?

An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a type of employer-sponsored health benefit arrangement that allows employers to reimburse their employees for qualified medical expenses, including individual health insurance premiums. Unlike traditional group health insurance plans, ICHRA allows employers to define a budget for each employee, which the employee can use to purchase individual health insurance coverage of their choice. ICHRAs provide employees with flexibility and portability, as they can keep their coverage even if they change jobs. 

Employers set up the ICHRA, determine the amount of contribution, and establish the eligibility criteria. The contribution amount can vary based on factors like age, family size, and geographic location. ICHRAs are available to employers of all sizes. By offering an ICHRA, employers can provide a health benefit to their employees while controlling costs and customizing the benefit to individual needs. 

Find out more about Individual Coverage Health Reimbursement Arrangements in SureCo's ICHRA 101 Guide.

 

How is an ICHRA with SureCo different from traditional group health insurance?

Unlike traditional group health insurance plans, an ICHRA allows employers to define a budget for each employee, which the employee can use to purchase individual health insurance coverage of their choice. ICHRAs provide employees with flexibility and portability, as they can keep their coverage even if they change jobs. 

Employers set up the ICHRA, determine the amount of contribution, and establish the eligibility criteria. The contribution amount can vary based on factors like age, family size, and geographic location. ICHRAs are available to employers of all sizes. By offering an ICHRA, employers can provide a health benefit to their employees while controlling costs and customizing the benefit to individual needs. 

How hard is it to implement an ICHRA with SureCo?

SureCo's advanced technology makes it easy to enroll hundreds of employees in individual plans in less time than it would take to enroll them in traditional group plans. Our Enrollment Platform simplifies the selection process, so every employee can compare the plans that are best for them, according to their individual needs. Our dedicated white-glove customer service team is there every step of the way, from implementation and open enrollment to ongoing support throughout the year. 

Our platform also integrates with 150 of the top HRIS and payroll systems, which makes it simple to add to your existing tech stack. 

How does SureCo’s Enrollment Platform control costs?

Through SureCo’s Enrollment Platform, employers save money by funding coverage through our pre-tax payroll integration.

ICHRAs provide employers with more predictable prices because they take away the claims risk and unexpected renewal rate hikes that come with traditional group plans. So one employee with a major medical issue no longer had the potential to cause the insurance carrier to label an entire pool of employees as a high-risk group, driving up renewal rates. Instead, ICHRAs disperse the risk.

By leveraging the individual health insurance market, SureCo has been able to help mid-market and large employers save an average of 22% on their monthly premiums while giving employees the power to choose any plan that best fits their needs. 

Try our Savings Calculator to estimate how much your business could save on premiums with SureCo.

Will SureCo’s Enrollment Platform ensure my company stays compliant?

Yes. All of the 5,000+ plans available through SureCo's Enrollment Platform are fully insured and ACA-compliant.

We work with applicable large employers (ALEs) to make sure they contribute enough to each individual employee’s premium to satisfy the affordability component of the ACA requirement.

Plus, SureCo provides all the necessary information to make compliance filing simple.

Learn more about how SureCo helps companies avoid ACA compliance penalties.

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Give Employees More Benefit Options, Tax-Free

Connect with a member of our team today.
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