ICHRA for Employers
A Smarter Way to Offer Health Benefits
Providing health insurance for your team doesn’t have to be complicated or expensive. With an
Individual Coverage Health Reimbursement Arrangement (ICHRA), your business can offer flexible, personalized healthcare benefits—without the burden of traditional group plans.
What is ICHRA?
An ICHRA allows employers to reimburse employees tax-free for their individual health insurance premiums and qualified medical expenses.
Instead of choosing one plan for everyone, you give your employees the freedom to select the coverage that fits their needs—and you control the budget.
Why Employers Are Switching to ICHRA
1. Cost Control
You decide how much to contribute—no surprise rate increases from group plans.
2. Flexibility for Employees
Each employee can choose their own health insurance plan based on their family, doctors, and preferences.
3. Tax Advantages
Reimbursements are typically tax-deductible for the business and tax-free for employees.
4. No Participation Requirements
Unlike traditional group plans, you’re not required to meet minimum participation levels.
5. Scalable for Any Business Size
Whether you have 1 employee or 100+, ICHRA adapts to your business.
How It Works
- Set Your Budget
Choose a monthly allowance for employees (can vary by role, family size, etc.) - 2. Employees Choose Coverage
Employees purchase their own individual health insurance plans. - Submit Expenses
Employees submit proof of premiums or medical expenses. - Get Reimbursed
You reimburse them tax-free up to their allowance.
Why Work With Family Legacy Builders?
At Family Legacy Builders, we don’t just set up a plan—we guide you through every step.
- Personalized strategy based on your business goals
- Employee education and onboarding support
- Ongoing compliance and plan management
- Access to trusted insurance options
OUR MISSION
At FLB, our mission is to help individuals, families, and business owners confidently plan for retirement. We specialize in creating customized retirement income strategies that meet your specific needs and goals. By focusing on integrity, innovation, and excellence, we aim to minimize financial risks, optimize tax strategies, and ensure reliable income for a secure retirement. Our goal is to provide peace of mind and financial independence, allowing you to focus on what matters most to you.
Why Choose Us?
For over 25 years, Family Legacy Builders has been committed to helping clients reach their financial and retirement goals. Our expertise in risk management is key to creating a secure and confident future. By crafting customized retirement income strategies, we work to minimize financial risks and build a reliable retirement income. With our personalized service and comprehensive approach, we offer the clarity and solutions you need. Explore your options with us today—your future is ready!
