The ICHRA (Individual Coverage Health Reimbursement Arrangement) is a new insurance model for company healthcare. Employers offer tax-free stipends that employees can use to purchase their own individual health insurance plans, leading to greater choice for employees and fixed costs for employers.
For Brokers & Advisors
Offer employees choice while keeping costs under control with Savvy's automated health reimbursements.
Grant employee choice
Give employees the freedom to choose health insurance that meets their needs.
Save time
Free yourself from busywork with Savvy's administrative support
Lower healthcare costs
Keep your budget on track with fixed benefits costs
Set a health insurance stipend for your employees.
Employees can select any health plan.
Savvy manages your insurance administration while you enjoy the savings.
Employers set an insurance stipend for their team.
Employees select any individual insurance plan that suits their requirements.
Savvy manages the insurance administration while keeping costs down.
Employers set a health insurance stipend for their team.
Employees select any individual health insurance plan that suits their requirements.
Savvy manages the insurance administration while keeping costs down.
Savvy saves you time and energy by managing:
Documentation & compliance with federal laws
Stipend payroll integration
Concierge service for all employee questions
Remote teams
Traditional group health plans have limited networks that fail multi-state employers. Now every employee can select a plan with a local network.
Startups
Stipends are simple. Get out of day-to-day healthcare administration. Let employees select and manage their own healthcare.
Large teams & Enterprises
Control rising healthcare costs and eliminate year-over-year premium increases. With a fixed stipend, your healthcare becomes predictable and fixed cost.
"Can employees pick any carrier and health plan that suits their needs?"
"Are my costs fixed and not subject to 10-50% year-over-year increases?"
"Does the platform handle all enrollment, employee decision support, payroll deductions, and compliance?"
"Can I avoid employer contribution and employee participation minimums?"
Employees select the plan of their choice
Fixed stipends controlled
by your company
No admin burden
No minimums
Limited plan selections
Potential for
premium increases
You handle employee questions and support, negotiate rates each year
Employee participation rules + 50% employer contribution required
Limited plan selections
Potential for
premium increases
No admin burden
No minimums
"Can employees pick any carrier and health plan that suits their needs?"
"Are my costs fixed and not subject to 10-50% year-over-year increases?"
"Does the platform handle all enrollment, employee decision support, payroll deductions, and compliance?"
"Can I avoid employer contribution and employee participation minimums?"
Employees select the plan of their choice
Limited plan selections
Limited plan selections
Fixed stipends controlled
by your company
Employee participation rules + 50% employer contribution required
Limited plan selections
Fixed stipends controlled
by your company
Employee participation rules + 50% employer contribution required
Limited plan selections
Fixed stipends controlled
by your company
Employee participation rules + 50% employer contribution required
Limited plan selections
