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.
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.
As the workforce continues to demand greater personalization and flexibility in its benefits options, ICHRA stands out as a forward-thinking solution that meets the needs of both employers and employees.
Paul Fronstin of the Employee Benefit Research Institute expects 2025 will bring continued challenges with rising healthcare and pharmacy costs, along with newer concerns with data integration and AI use.
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