Date & Time: Thursday, August 24, 2023 at 2:00 pm ET
Courtney Annese, Training Manager, Nexben
Employers battle annual rate increases and overwhelming administration of employee health benefits, and employees dislike the lack of personalized choice in traditional group health plans. But, there’s a new type of employee group health plan that offers employers of any size greater flexibility over traditional group health plans and better meets the needs of employees – defined contribution health plans or ICHRAs. Learn how they are leading a seismic shift in health benefits in much the same way employers replaced defined-benefit pension plans with 401(k)s and changed the retirement landscape in a single generation.
You will learn how employers set a defined dollar amount to contribute tax-free each year to the employee, and how employees use that money to buy ACA-compliant individual health insurance in the open market. Case studies will show how companies have realized annual premium cost savings between 30-60%, controlling costs and increasing choices to better meet the needs of employees.