Break Free from Expensive Group Health Insurance
Skyrocketing group health insurance premiums are making it increasingly difficult for employers to provide comprehensive health coverage for their employees. We can help.
Take control of your health benefit costs with an Individual Coverage Health Reimbursement Arrangement (ICHRA) from MedLink RM.
What is ICHRA?
An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a game-changing health benefit option that enables employers to reimburse employees for individual health insurance premiums and other qualified medical expenses instead of offering traditional group health coverage. It's a flexible and cost-effective way to provide robust health benefits while allowing employees to choose the health plan that best meets their unique needs.
Benefits for Employers
- Predictable Budgeting: Employers set a defined budget for employee health benefits, gaining greater control over benefit expenses.
- Tax Advantages: Employer contributions to an ICHRA are flexible and tax-deductible, maximizing benefit dollars.
- Simplified Administration: ICHRAs reduce the administrative burden associated with managing traditional group health plans.
- Recruiting & Retention: Employers can boost recruiting and retention by offering monthly reimbursements to full-time, part-time, or independently contracted employees.
Benefits for Employees
- Personalized Coverage & Flexibility: Employees select the health plan that best suits their individual and family needs, budget, and preferred level of coverage while gaining access to extensive benefits, providers, and health networks.
- Tax-Free Reimbursements: A unique premium payment process gives employees tax-free funds to pay for premiums without having to wait for reimbursement.
- Portability: Employees own their health plan and take it with them if they change jobs, ensuring continuous coverage.
- Ongoing Support: Medlink RM’s dedicated team supports employees year-round with plan-related needs, beginning with their initial health plan selection and enrollment.
Who is MedLink RM?
We're experts in navigating the individual and Medicare health insurance markets. We’ve been in business for 17 years and have helped over 50,000 individuals across Ohio, Indiana, Kentucky, Pennsylvania, and Florida. Our deep understanding of plan options, regulations, and best practices ensures that your clients receive the optimal ICHRA experience.
How does this work?
The 4 step process
Our commitment is to make the ICHRA experience seamless and beneficial for both employers and employees, while providing our signature top-tier support throughout the process.
Brokers, partner with MedLink RM to offer ICHRA to your clients. Providing an ICHRA solution is easy with MedLink RM.
Benefits for Brokers
- Commission Compensation: Your current commission structure is maintained.
- Local Support Team: Our dedicated team provides continuous, on-site support to you and your clients, answering questions and resolving potential issues promptly.
- Enhance Your Client Relationships: We provide a seamless ICHRA solution, acting as your partner, not a replacement. You maintain your core client relationship while offering a valuable benefit to clients.
- Streamlined Technology: Our user-friendly online portal simplifies enrollment, claims processing, and ongoing administration.