Sylvia Group Blog ICHRAs: a timely option to reduce employer health insurance costs

By MIKE MARKLAND Account Executive, Sylvia Group Businesses facing the dilemma of funding an employee health insurance plan amid severe fiscal uncertainty have an option that could help pave the way forward: an Individual Coverage Health Reimbursement Arrangement (ICHRA). It's a win-win alternative to a traditional group health plan, not only saving employers money but also providing employees with the opportunity to select the coverage that works best for them and their families.