PeopleKeep's 2022 ICHRA Report  

Employers are using their ICHRA to offer a generous health benefit

With rising group health insurance premiums, employers need a more affordable and flexible solution that still offers their employees quality healthcare. 

In the search for a health benefit that offers more autonomy for employees and more budget control for employers, many have found that the individual coverage health reimbursement arrangement (ICHRA) meets the needs of both employees and employers.

Fill out the form to read the full report to see how today's employers are using their ICHRA 

Employers are offering more than double the cost of a gold-level health plan in ICHRA allowances

The average monthly allowance employers offered their employees between July 1, 2021, and June 30, 2022 was ​​$980.75, an 11% increase from the previous 12-month average monthly allowance of $882.51.

This year’s average allowance amount also exceeded the cost of the average lowest-cost self-only gold plan premium on the federal health insurance marketplace,, which comes in at $462.


A sneak peek at our key findings

ALEs choose an ICHRA over group coverage

Over the last year, 93% of ALEs chose to offer an ICHRA as their only health benefit.

Office visits and prescription drugs are popular out-of-pocket expenses

Of employees who submitted expenses, 3.9 office visits were reimbursed per year and 9.8 prescriptions.

More employers offer premium-plus accounts than premium-only

82% of employers offer a premium-plus account that can be used to cover insurance premiums plus over 200 out-of-pocket expenses.


Want more? Get the full report

Download the full report to find out: 

  • How the average ICHRA allowance compares to QSEHRA allowance caps
  • Average allowances by family status
  • Most popular classes used by employers

Learn more about PeopleKeep

What is PeopleKeep?

PeopleKeep is a personalized benefits administration software company. We serve small and midsize employers across many industries ranging from nonprofits, to high tech, to engineering. Because our software is intuitive and can be managed in minutes per month, we make providing benefits more accessible to organizations that do not want to manage complex and tedious administrative tasks.

Visit our About Us page to learn more

What other reports has PeopleKeep published?

As the industry leader in HRAs and personalized benefits, PeopleKeep prides itself on publishing proprietary data on all things HRAs and employee benefits. 

PeopleKeep released three reports on the employee benefits employees value most, surveying more than 900 employees of small and midsize employers. 

Download our Benefits Survey Part 1 

Download our Benefits Survey Part 2 

Download our Benefits Survey Part 3 

What products does PeopleKeep offer?

We provide software that allows organizations to offer health reimbursement arrangements (HRAs) and employee stipends. Learn more about each of our products below: 

How much does a plan with PeopleKeep cost?

At PeopleKeep, we help you implement budget-friendly, compliant benefits without the hassle. Pricing will vary depending on which product you're interested in and how many employees you'll have enrolled in the benefit. 

Visit our pricing page to get an instant quote