Provide The Health Insurance Your Employees Deserve
Allow us to be your partner as you navigate through various ICHRA options and select what works best for your company and staff
What Is ICHRA?
ICHRA (commonly referred to as HRA) stands for Individual Coverage Health Reimbursement Arrangement and it is an opportunity to provide your employees with the type of health insurance options they need with flexible spending accounts. These health savings accounts allow your employees the freedom to spend their health insurance dollars on their own terms.
In simple terms ICHRA allows you to offer your staff a monthly allowance of tax-free money that they can use on the type of health insurance options that fit their specific needs. Instead of forcing your employees to choose from a list of restricted options and high deductible health plans, you are putting the power in their hands by letting them spend their health care allowance in ways that will benefit them the most. This type of focus on individual health needs instead of group health plans is a great way for an employer to show their staff they care about their wellbeing.
Employees can spend this allowance in a variety of ways, including seeing out-of-network doctors without having to pay out-of-pocket medical expenses. This means that new employees will not have to forfeit seeing their trusted current doctor because they are leaving one company’s plan and joining yours. It also means your current employees do not have to worry about their favorite physician suddenly dropping out of their network because they won’t carry over when you switch medical plans.
What Is An Independent Insurance Broker?
An independent insurance broker is an individual who is free to recommend insurance options based on your needs. They do not work for one company and are not forced to sell you anything you might not need. There are also insurance brokers who are licensed by a specific insurance company to enroll people in health plan policies that benefit the company, not the individual. These types of brokers are trained to highlight the positives of the insurance company they work for. They hide crucial facts such as high healthcare costs, monthly premiums, and high deductibles.
When you work with them, they are required to enroll you in a health plan with their own specific company, even if it does not match your needs. An independent broker will understand the health needs of you and your family and review dozens of plans across several carriers to find options that are the right fit for you. Our independent brokers not only take your needs into account but also review plans for existing conditions coverage, high premiums, valuable health benefits, minimum out-of-pocket expenses, preventive care options, and more.
Find The Perfect Plan
It’s our pleasure to evaluate all your health insurance needs and help you choose the right policy. With Carolina Insurance Professionals by your side, you will be ready for any surprises that life throws your way.
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Why Work With An Independent Insurance Broker When Selecting Your Individual HRA?
The insurance program you choose will dictate the doctors you can see, what procedures you may or may not be eligible for, and the level of your out-of-pocket expenses. To avoid being denied crucial coverage or going into debt to protect your health, you need to select a plan that fits your exact needs. An insurance broker’s sole job is to examine your entire situation and select a plan that is a perfect fit, not one that is “good enough” because they are being paid to say so.
An independent broker will work with you and answer any questions you may have about the health insurance coverage options you are looking at. Our team is well versed in key topics such as deductibles, special enrollment, health savings accounts, group health insurance, private insurance, tax credits, insurance premiums, and a lot more. When you are done, you will leave our conversation feeling confident that you have all the information required to enroll in the health care program you need.
Carolina Insurance Professionals - Your Partner In Selecting The Right Individual HRA Plan
We are a team of highly qualified independent insurance brokers who have spent the last 20 years helping people like you figure out which insurance carrier is going to offer the right HRA plan for you and your family. Our goal is to make sure that you gain the long-term health coverage options you’ll need to live a long, prosperous, and healthy life.
When you sit down with a member of our team, you are working with someone whose sole goal is to provide the best possible solution for your healthcare needs. We genuinely care about you, your family, and your overall health history. We work hard to understand the type of doctors you may have to see, and what types of treatments you might need to be covered. Then, we go to work and find the best insurance plan possible based solely on these criteria.
Our Additional Services
We understand the convenience that comes with having all of your insurance policies with one broker. As you take this time to research your health insurance options, you may also be taking this opportunity to reevaluate your additional insurance requirements as well.
Our team of licensed independent insurance brokers are ready to discuss a variety of insurance plans including:
- Health Insurance
- Medicare
- Home Insurance
- Auto Insurance
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