New Study: 89% of Employers Considering ICHRAs for Health Benefits Solution Over Next Three Years
MINNEAPOLIS, Sept. 14, 2023 /PRNewswire/ -- Gravie, one of the nation's fastest growing health benefits innovators, is releasing a new study in partnership with Wakefield Research that highlights a growing interest in Individual Coverage Healthcare Reimbursements Arrangements (ICHRAs) among employers, even though some barriers are prohibiting them from offering this type of solution today.
- Before taking the survey, approximately half (49%) of the respondents had not heard of ICHRA, but most showed interest in learning more.
- With medical trends increasing, the ability of employers to set a defined contribution towards their employees' health benefits is a major part of the appeal.
- While more benefits leaders are giving ICHRA a strong look as a potential new or expanded health benefits solution, many are stretched for time and resources.
- Many employers rely heavily on brokers to bring them creative benefits ideas and, now more than ever, employers are seeking new options.