Employers are using ICHRAs to shift risk from unpredictable group plans to the broader individual market. "This approach allows employers to reduce exposure to high-cost claims while staying compliant with ACA requirements," says this benefits tech founder.
At a recent isolved event, Sapient Insight Group's Stacey Harris shared new data on strategic HR and recommendations for HR professionals to gain more influence over business strategy and outcomes.
HR leaders are already walking a fine line between cost control and benefit competitiveness. "The loss of subsidies doesn't just affect individuals; it reverberates through the employer system," according to Ben Light from benefits tech platform Zorro.
In a recent webinar, Société Générale's Mukta Arya urges HR leaders to drive greater impact amid budget constraints through strategy, data, and empathy.
"Running a DC plan can be challenging, but when done correctly, the difference it can make to participants is truly life changing," the Mercer report states.
