ICHRAs still have to comply with the same employer-based coverage rules, notices, and filings as traditional group health insurance plans. Here is a quick list for those considering these vehicles for their employee benefit packages.
Beginning last year, many insurance companies now send out client surveys to collect information that is needed to complete government RxDC reporting on behalf of employers. Nearly all insurance companies have client surveys out to employers at this time.
While we’re doing all that we can to ensure this renewal season runs as smoothly as possible, we wanted to make you aware of the season we’re walking in now. Here are some things you need to know to ensure your enrollment goes smoothly this year.