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 & AdvisorsWith Savvy, your clients can offer insurance stipends that allow employees choice while keeping healthcare costs under control.
Modern
technology
Cutting-edge software
built for groups of 5 to 5,000+ employees.
End-to-end
administration
Insurance plans in all 50 states, premium payments, and payroll integration all-in-one.
Market-leading
partner compensation
We offer the highest revenue share in the industry so you and Savvy win together.
"Administering ICHRAs has presented a number of challenges for our broker community. Savvy has built an end-to-end ICHRA platform that is simply first class. We're excited for our broker partners to work with Savvy."
ICHRA Specialist, Friday Health Plans
"Savvy's technology stands head and shoulders above others in the space. Their platform is best-in-class and makes offering ICHRA seamless for my employer clients."
HR Advisor and Founder, Golden Bee Advisors
Employers set an
insurance stipend for employees.
Employees select the best
individual insurance plan for them.
Savvy puts ICHRA administration on autopilot, making for happier clients and easier management for you.
No. Large employers are also implementing ICHRA. In fact, 9 in 10 employers with 5,000+ employees are considering switching to ICHRA in the next several years. ICHRA gives large companies a fixed, predictable healthcare cost instead of group plans, which can increase unpredictably by 20%+ each year. Multi-state employers and companies with hourly and part-time employees also prefer ICHRA for its flexibility and employee choice.
Yes. Employers can segment their employees into classes based on location or employment type and offer ICHRA to one class and a group plan to another. For example, a large employer may want to offer a group plan to salaried employees at their headquarters, but give ICHRA to remote salaried, hourly, part-time, and seasonal employees.
No. Savvy works with companies big and small.
No. For those that prefer it, partners can manage insurance enrollments but still use Savvy for ICHRA administration.
Yes, employers are welcome to pair an ICHRA with other health benefits.
To learn more about our compensation structure, please schedule a call with our team.
