Flexible, Modern Health Benefits with ICHRA
Get the best health coverage for your needs today!
Flexible, Modern Health Benefits with ICHRA
Get the best health coverage for your needs today!
ICHRA Defined
A smarter solution for delivering employee benefits without the financial uncertainty.
An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a modern alternative to traditional group health insurance. Established in 2020, ICHRAs allow employers of any size to provide their employees with a tax-free monthly allowance to spend on individual health coverage and qualified medical expenses. Employees then choose the plan that best fits their needs, purchase coverage, and submit proof of expenses for reimbursement — giving them flexibility and control over their healthcare.
For employers, ICHRA removes the complexity of managing group plans while offering budget predictability and compliance with the Affordable Care Act. Businesses can set different allowance levels for different classes of employees, tailoring benefits to their workforce. For employees, ICHRA means choice, portability, and coverage that fits their unique situation.
How It Works
Our Vision
Delivering health benefits through an ICHRA is straightforward. Here's the simple four-step process:
1. Design Your Plan - As the employer, you set the rules by defining reimbursement amounts and employee eligibility.
2. Employees Choose Coverage - Each employee selects the individual health insurance plan that best fits their personal or family needs.
3. Submit Expenses - Employees submit eligible expenses, such as premiums or medical costs, according to your plan design.
4. Reimburse Employees - You approve claims and reimburse employees with tax-free dollars, up to the allowance you've set.
About WalletDoc
Our History
Our Expertise
Our Expertise
Since our founding, we've focused on helping businesses simplify health benefits. With the introduction of ICHRA in 2020, we've been at the forefront of making this modern, flexible solution accessible to employers of all sizes.
Our Expertise
Our Expertise
Our Expertise
Our team combines deep knowledge of benefits administration, compliance, and IRS regulations with hands-on experience supporting employers and employees nationwide. We make ICHRA administration simple, compliant, and effective.
Our Coverage
Our Expertise
Our Coverage
We proudly serve companies across the United States, supporting both small businesses and large organizations with distributed workforces. Wherever your employees are located, we make sure their ICHRA benefits work for them.