As an alternative to COBRA subsidies, more employers are turning to HRAs as part of their off-boarding process—a strategy which demonstrates empathy at time when benefits have never been more important.
Prior to the pandemic, HRAs began attracting a renewed attention for a different reason. With the availability of individual coverage HRAs (ICHRAs) on Jan. 1, 2020, HR teams and risk management strategists finally had access to a true defined contribution approach to helping their employees pay for coverage on the open market.
Never before have HRAs provided employers with quite so many options. But with options, come questions. Watch this webinar to learn:
How market forces and COVID-19 may impact your strategy
Pros and cons of introducing and administering HRAs
Tips for navigating new ICHRA compliance requirements