Tailored health benefits for today’s dynamic workforce
As an employer with 50 or more employees, you need a compliant health benefit that is cost-effective and meets the diverse needs of your workforce.
By working with PeopleKeep® and Remodel Health®, you can build and manage a flexible, modern health benefit that your employees will love.
Flexible health benefits that meet the needs of all employees
Reaching the significant milestone of employing 50 full-time equivalent employees (FTEs) comes with opportunities and challenges. As your organization continues to grow, so do the diverse needs of your expanding workforce. There are also now compliance considerations to abide by.
A health reimbursement arrangement (HRA) can help your organization offer a personalized health benefit that attracts and retains employees without the cost or administrative burden of traditional benefits.
With HRA solutions from Remodel Health and PeopleKeep, you can:
✓ Save your HR department time with an easy-to-use benefits administration platform
✓ Control your employee benefits costs
✓ Improve employee satisfaction, engagement, and retention by offering benefits your employees love
Why offer an HRA as a larger employer?
As an employer or HR professional with 50 or more FTEs, you have a lot on your plate. In addition to running your business, addressing the needs of all your employees to keep them engaged and productive can be challenging.
Plus, as an applicable large employer (ALE), you must offer affordable health benefits that meet the ACA’s minimum value and minimum essential coverage rules to avoid penalties.
Providing employee health benefits is one of the best ways to attract and retain your ideal employees. It can also ensure the IRS doesn’t penalize you for not meeting the ACA’s employer mandate. However, traditional health benefits options can be complex and costly.
That’s where an HRA can help. You can easily offer an individual coverage HRA (ICHRA) that meets your needs with Remodel Health. As the leader in HRA administration solutions, Remodel Health can help you build a better benefits package without spending a fortune or placing more work on your HR department.
What is Remodel Health, and how is it connected to PeopleKeep?
Remodel Health is the parent company of PeopleKeep. Remodel Health is revolutionizing health benefits to resource organizations with missions that matter. Since 2015, the Remodel Health team has been dedicated to helping large organizations save money by finding them the best health benefits solution. With white-glove service and exceptional customer support, you can ditch traditional group health plans once and for all.
How does ICHRA+® from Remodel Health work for applicable large employers?
If you’re looking for a cost-effective and simple way to offer meaningful benefits to your employees, an ICHRA is an excellent choice. Remodel Health’s ICHRA+® product gives employers and their employees individualized guidance and support every step of the way.
What is ICHRA?
An individual coverage health reimbursement arrangement (ICHRA) is an IRS-approved health benefit that allows employers to reimburse their employees tax-free for qualifying medical expenses such as individual health insurance premiums and other out-of-pocket expenses. You simply set a monthly allowance for your employees to use and approve their eligible expenses for reimbursement.
What are the benefits of an ICHRA?
Some of the benefits of an ICHRA include:
- Compliance with the ACA: As an ALE, you can offer an ICHRA to satisfy the ACA’s employer mandate and drop group coverage for good.
- Customize your benefits spend: An ICHRA enables employers to set custom allowance amounts for different groups of employees based on job-based criteria. Plus, there are no minimum contribution requirements you need to meet.
- Tax-free: Offering an ICHRA is tax-free for employers and employees.
- Empowers employees: ICHRAs allow employees to choose an individual health plan that works best for their needs instead of being forced into a one-size-fits-all group plan.
Discover the future of health benefits with Remodel Health’s ICHRA+®: a transformative solution for offering flexible health benefits without the fear of unexpected rate hikes. Plus, you’ll receive unparalleled expert advice and individual guidance. Remodel Health’s benefits advisors will guide your employees through selecting the best health plan for their unique needs. Embrace a new era of health benefits management where control, customization, and care converge.
“Choosing an ICHRA plan has opened the door for growth and hiring in ways that we weren’t seeing before. Because of the flexibility that comes with an ICHRA, our employees can choose the plan that works best for them.”