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Date & Time: Thursday, August 24, 2023 at 2:00 pm ET
Speakers:
Courtney Annese, Training Manager, Nexben
Description:
Employers battle annual rate increases and overwhelming administration of employee health benefits, and employees dislike the lack of personalized choice in traditional group health plans. But, there’s a new type of employee group health plan that offers employers of any size greater flexibility over traditional group health plans and better meets the needs of employees – defined contribution health plans or ICHRAs. Learn how they are leading a seismic shift in health benefits in much the same way employers replaced defined-benefit pension plans with 401(k)s and changed the retirement landscape in a single generation.
You will learn how employers set a defined dollar amount to contribute tax-free each year to the employee, and how employees use that money to buy ACA-compliant individual health insurance in the open market. Case studies will show how companies have realized annual premium cost savings between 30-60%, controlling costs and increasing choices to better meet the needs of employees.
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