What kind of companies can I sell ICHRA to?
StretchDollar’s ICHRA is available to companies with fewer than 50 full-time equivalent employees in all 50 states. In most cases, the best fit is a small business with under 50 W-2 employees. At this time, ICHRA cannot be offered to 1099 contractors.
Best-Fit Employers
There are two ideal categories:
- Companies where traditional group health plans aren’t working anymore
- Businesses offering health benefits for the first time
Common Signs of a Great Fit
- Group premiums are too expensive/or they just got a double-digit increase
- They can’t meet participation requirements
- They have high employee turnover
- Employees are spread across multiple cities or states
- The owner says, “We can’t afford insurance anymore.”
That’s usually your signal to introduce ICHRA as a more flexible, budget-friendly option.