Serving HR Teams With a New Way to Do Health Insurance

Your employees want more healthcare options. Your company wants to control costs. You want to save time. The answer is ICHRA administration through SureCo.

We Make Administering an ICHRA to
Large Groups Easy for HR

How does an ICHRA benefit human resources teams? Give your employees the power of choice in their health insurance by fully leveraging thousands of ICHRA plan options. Whether you're a company with 250 or 10,000 employees, companies using SureCo can contribute tax-free funds to employees for the individual health plan of their choice and remain ACA compliant. Employees choose the plan that’s best for them, you decide how much to contribute, and we handle the rest.
Reasons HR Teams Love ICHRAs

Customized Health Plans

5,000+ health insurance plans from 140 trusted carriers.

Simple Integrations

All of your benefits in one place, with your HRIS and payroll connected.

Comprehensive Compliance

From ACA affordability to 1094/1095 data, we've got ICHRA compliance covered.

Consultant Endorsed

A healthcare solution benefits consultants love for administering coverage to large teams.

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"I've overseen open enrollment for three companies for the past

20 years. That's 60 open enrollments, and I can say that this year's OE with

SureCo has been the easiest by far." 

Patty MacDonald

HR Director, Volta Oil

Empower Your Employees With State-Specific Health Plans With an ICHRA

Implementing an ICHRA allows your employees to choose health plans that suit their needs based on where they live. They can access more individual plans from leading carriers than ever before.

Explore our ICHRA Carrier & Plan Availability by State to understand:

Which carriers are available in each state

Number of off-exchange accessible plans

Plan types offered

Explore Health Plans by State

23%

Average premium cost savings
by SureCo customers in 2023

Control Costs Without Compromising Value for Your Employees

Traditional group healthcare premiums are up 21%. Free yourself from the claims risk associated with rising increases for good. SureCo offers:

Transparent, predictable premium pricing

No dramatic rate increases or plan redesigns

A typical savings of 15-25% on yearly premiums

Speak With an ICHRA Expert

Technology to Streamline
Benefits Administration

HR professionals spend 25% of their time on administrative tasks, much of which is around health benefits. Take back that time with SureCo’s refreshingly simple Enrollment Platform and master reporting dashboard.

Simplified Open Enrollment

Enrolling 100+ employees into individual plans takes less time than administering traditional group coverage.

Seamless Integration

We integrate with leading HRIS and payroll systems to manage new employees, terms, and QLEs.​

Robust Reporting

Find everything from contribution expenses to compliance filing data and employee satisfaction in your dashboard.

Year-Round Support

Our award-winning 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

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Partnering with SureCo helped futureproof our benefits offerings and put us at the forefront of this new, better way of approaching health coverage.

Misty Lundstrom

Sr. Director Global Total Rewards & Talent Acquisition at Anuvu

5,000+ Plans From Over 140 Trusted Carriers

Aetna
allways health partners
BCBS
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HPHC_logo 1
Kaiser-Permanente-Logo 1
united-healthcare-logo 1
2560px-Molina_Healthcare_logo 1
2560px-Humana_logo 2
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& many more!
Aetna
allways health partners
BCBS
Frame 5 (3)
Oscar_Logo_Blue2-01 1
HPHC_logo 1
Kaiser-Permanente-Logo 1
united-healthcare-logo 1
2560px-Molina_Healthcare_logo 1
2560px-Humana_logo 2
logo-wellcare 1
& many more!

Recruit. Retain. Repeat.

Use Employee Benefits to Your Advantage

23%

of employees would leave their job for better benefits

Global Benefits Attitude Survey

72%

say the ability to customize benefits increases loyalty

MetLife Employee Benefit Trend Study

82%

are dissatisfied with their benefits due to cost

SHRM

Featured Case Studies & ICHRA Success Stories

Filter By :

42%

monthly plan savings

Ansafone, a leading provider of outsourced contact center solutions, with 800+ employees, brought its average monthly plan cost down from $971 to $562 by switching to an ICHRA with SureCo.

Ansafone, a leading provider of outsourced contact center solutions, with 800+ employees, brought its average monthly plan cost down from $971 to $562 by switching to an ICHRA with SureCo. 

 

In addition to Ansafone's remarkable 42% reduction in plan premium costs, the company gave thousands of plan options to its employees and increased participation by 60%.

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How Exploring an ICHRA Early Paid Off

The consulting firm increased plan options for its geographically distributed workforce.

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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Why We Switched to an ICHRA

How making the move helped the women's healthcare company control costs and boost employee retention.

From the Blog

How Health Insurance Brokers Help Simplify Employee Coverage
May 30, 2023

How Health Insurance Brokers Help Simplify Employee Coverage

Let’s face it, selecting a health insurance plan can be overwhelming and complicated for nearly all businesses. Navigating the complex landscape of health insurance plans can be a daunting task for.

Read More
Premium-Only ICHRAs vs. Spending Account ICHRAs: What’s the Difference—and How Can Both Work for One Company?
Apr 28, 2023

Premium-Only ICHRAs vs. Spending Account ICHRAs: What’s the Difference—and How Can Both Work for One Company?

Today’s job seekers are looking for their prospective employers to offer competitive benefits in addition to salaries. In fact, in a 2023 survey, workers deemed employer-covered healthcare their most.

Read More
Achieve Maximum Flexibility in Your Company’s Healthcare Spending with ICHRA Employee Classifications
May 16, 2023

Achieve Maximum Flexibility in Your Company’s Healthcare Spending with ICHRA Employee Classifications

One of the top benefits of choosing an ICHRA, or Individual Coverage Health Reimbursement Arrangement, for your employee health insurance is the flexibility that comes with separating employees by.

Read More

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.

Why haven’t I heard about an ICHRA before?

Individual Coverage Health Reimbursement Arrangements (ICHRAs) are a relatively new form of employer-sponsored health coverage that was introduced January 1, 2020.  

Traditionally, HRAs are commonly used with group health plans. Before the Affordable Care Act (A.K.A. "Obamacare") passed in 2010, it was common for small employers to use HRAs to reimburse for individual health insurance. However, unintended regulations that spun out of the ACA put a halt to the practice of reimbursing (and even penalized employers who continued doing it). Although it took a while, congress finally addressed the problem. In December 2016, a hodge-podge bill called the 21st Century Cures Act was passed by a Republican Congress and signed by President Obama. The bill created the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), making it permissible for small employers to reimburse for individual insurance if the employers (and employees) met several strict guidelines. 

With QSEHRA gaining traction, the Trump Administration issued additional guidance to expand the use of HRAs. The team behind SureCo was instrumental in lobbying for this change, and in October 2018, the U.S. Departments of the Treasury, Health and Human Services (HHS), and Labor proposed new regulations to expand the usability of health reimbursement arrangements (HRAs). The rules were finalized in June 2019 and created two new types of HRAs: the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA. 

The HHS estimates that by the end of 2025, roughly 800,000 employers will offer ICHRAs to pay for insurance for more than 11 million employees.  

SureCo provides the most advanced platform for large companies to administer an ICHRA at scale. 

What size employer does SureCo work with?

SureCo's Enrollment Platform provides the most advanced technology for companies to administer an Individual Coverage Health Reimbursement (ICHRA) at scale. Most of our customers have a minimum of 250 eligible employees, and we've onboarded organizations with more than 2,500 employees.

Enrolling hundreds of employees in individual plans might sound daunting, but SureCo's Enrollment Platform makes the migration and onboarding process even easier on HR teams than enrolling every employee in a traditional group health insurance plan.

Can I continue using my broker or benefits advisor through SureCo?

Many HR professionals have longstanding relationships with their brokers, and we understand just how valuable they can be. We are a broker-first company, meaning we prefer to get brokers involved sooner rather than later in the process. 

We provide robust incentives for our broker partners to help them maintain their relationship with you. They are also encouraged to continue writing their own ancillary benefits, which we can then incorporate directly into our Enrollment Platform. 

With SureCo and your broker, you’ll have a powerhouse team behind you! 

Download our Partner Guide for more information on how SureCo works with brokers to create a winning scenario for all parties.

What if I have employees in multiple states?

One of the benefits of an Individual Coverage Health Reimbursement Arrangement (ICHRA) is the ability to customize plans based on geography.

Instead of finding a group plan that works in multiple states, you can offer employees an
ICHRA and let them purchase plans in their local markets that best fit their needs.

Because insurance rates vary by geographic location, you can even set your classes up by the state. For example, employees who live in California will get $600, and employees living in Texas will get $500. There is no limit to the number of classes you can create.  Employers can set up varying rates for each state employees live in and further increase allowances by marital status or age.

Read more about employee classifications.

 

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Give Employees More Benefit Options, Tax-Free

Connect with a member of our team today.
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