3 Ways HR Leaders Can Win With ICHRA
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A recent survey found that the biggest challenges for HR professionals are tight budgets, time constraints, stress, and overwhelm. Not surprisingly, burnout is at an all time high in HR. Dealing with group health insurance is front and center when HR professionals evaluated their pain points. Specifically, they ranked controlling health insurance costs as the worst offender.
There’s a new way of doing health benefits that allows HR leaders to stay in control of these costs and minimize administrative burden. Called an individual coverage HRA (ICHRA), this new benefits solution allows companies to reimburse their employees for health insurance rather than buying it for them. Personalized benefits alleviate many of the pain points that HR leaders face today: no more renewals, no more unhappy employees with one-size-fits-all plans, no more shifting costs to employees. With unprecedented choice for employees and cost control for HR professionals, ICHRA is a win-win that’s worth a look.
Learning Objectives:
- How the individual coverage HRA works
- What types of companies and locations are trending with ICHRA adoption
- How to decide if this benefits solution is right for your company
- What steps it takes to get started
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Charlotte Smith
Charlotte Smith has been in and around healthcare her entire life. Growing up with a physician mother, she seamlessly integrated herself into the world of patient care and insurance during her formative years. A graduate in biology from Texas A&M, Charlotte pivoted into the pharmaceutical sales arena, where she honed her understanding of the intricacies of how medications are covered, how physicians chose to prescribe, and the best way to have fancy dinners for free.
Her professional trajectory reached new heights at UnitedHealth Group, where Charlotte gained a comprehensive understanding of employee benefits. While at UHG, Charlotte specialized in prediabetes, diabetes, and weight loss solutions, she went on to navigate the challenges of three successful startups before finding her current role as the Director of Partnerships at Take Command. In this role, Charlotte serves as a catalyst in the benefits consulting realm, equipping brokers and consultants with the knowledge to introduce innovative tools such as Individual Coverage HRAs to their clients.
Charlotte lives outside of Dallas, TX with her husband, three daughters, and new kitten, Romeo.
