It’s our mission to support the health of businesses, their employees, and our communities. And our value-based care model has helped employers manage health care costs for more than 80 years.
But benefits budgets are becoming increasingly tight. And employers are looking for new ways to manage costs while still offering robust coverage. As a result, individual coverage health reimbursement arrangements (ICHRAs) are gaining momentum. ICHRAs are an especially popular option for startups and employers that haven’t been able to offer health coverage in the past.
With an ICHRA, employees choose their own health plan using a monthly, tax-free allowance from their employer. They can use these funds to cover premiums — including dental and vision premiums — and qualified medical expenses.
Enrolling employees in KPIF plans: If you have any questions, please reach out to kpif-ichra@kp.org.
The ICHRA landscape is constantly changing. As interest grows, we’re responding to market needs to support you and your clients. Watch for future updates on this important topic — and let’s keep the conversation going.
