What Are CHOICE Arrangements? Everything Employers Need to Know

We explain CHOICE Arrangements, the updated federal name for Individual Coverage Health Reimbursement Arrangements (ICHRAs), and how they can help employers modernize their health benefits. We show how employers can set a defined, tax-free monthly healthcare budget while giving your employees the freedom to choose individual health insurance that fits their needs. We explain how CHOICE Arrangements can provide predictable benefits costs, support distributed and diverse workforces, and reduce the need for employers to select and manage a single group health plan. We also outline the key considerations for implementation, including employee classes, monthly allowances, affordability requirements, eligible expenses, compliance obligations, and plan administration. We demonstrate how our platform can help employers administer CHOICE Arrangements, manage compliance, and give your employees a centralized place to shop for qualifying health plans.