Employees today require health insurance. While it’s not actually mandatory to offer as a benefit, it’s at the top of the list for many employees and job seekers—making it feel mandatory for nonprofits that are looking to attract and retain quality employees. However, for many Connecticut business owners, the ever-rising costs associated with traditional group health plans make offering health insurance to employees feel almost impossible, and certainly outside of the budget.
Today, Connecticut business owners have another option. An option that can help you manage employee health benefits more efficiently and find quality, affordable health coverage with the BusinessPlus platform. BusinessPlus simplifies the process of managing health benefits and provides access to additional coverage options like Individual Coverage Health Reimbursement Arrangements (ICHRA), making it easier to find and offer flexible coverage that won’t stretch your budget.
The BusinessPlus platform, together with ICHRA, gives Connecticut businesses an opportunity to affordably provide quality health coverage to their employees. Some Connecticut business owners have received quotes that outline double-digit savings if they were to switch from their traditional group health plan to an ICHRA.* With the cost of traditional group health plans today, double-digit savings can be a significant increase to your bottom line.
The benefits of offering an ICHRA don’t stop at the savings though. ICHRA also provides employees with more flexibility and choice compared to traditional group plans. With an ICHRA, employees have the opportunity to purchase their own individual health plans, rather than being forced into a one-size-fits-all group plan. With an ICHRA there are 22 individual plan options for employees to choose from that range in coverage and cost, ensuring there is a plan that can meet the unique needs of employees and their families.
And sure, having the ability to choose from 22 plan options is an excellent benefit, but to some it might feel overwhelming or create a paralysis of choice. At Access Health CT, we understand this may be a concern. To help anyone who may feel overwhelmed by the process, Connecticut-certified brokers are eagerly waiting to support your transition to an ICHRA, answer your questions, or help whenever you may need it at any point in the process. So, between the ease and simplicity of managing employee health benefits that are baked into the BusinessPlus platform, and the support from Connecticut-certified brokers, the entire process from start to finish is designed to be as easy as we could make it for Connecticut business owners.
While employees get to choose their own individual health plans, the cost and budget for reimbursement are left up to the business owners. This helps ensure that offering an ICHRA is always within your budget.
Together, the BusinessPlus platform and ICHRA provide Connecticut business owners with an alternative to the rising costs of traditional group health plans, while giving employees the freedom to choose a plan that best suits them and their health needs.
Get started with a free quote today. Explore BusinessPlus and ICHRA at CTBusinessPlus.com
*To learn more about how these savings are achieved, call 860-241-8445.
