Updates and Insights

Getting the most out of the benefits market requires insight and guidance.

Three ways ICHRAs can help control costs

John Kelly, Nexben CEO, recently wrote an article for BenefitsPRO. He breaks down how ICHRAs are radically changing the benefits space, especially...

ICHRA Notice Relief

Employers offering an ICHRA are typically required to provide written notice to each participant at least 90 calendar days before the beginning of each plan year. Due to Covid-19 and during the national emergency the timeframe to provide the required notice has been adjusted. Under EBSA Disaster Relief Notice 2020-01, the ICHRA notice may be furnished as soon as administratively possible under the circumstances.

ICHRAs and Quotes: What you need to know

When most of us shop for something, there are a series of questions we ask ourselves: Is this a want or need?Do I ‘need’ this right now?Where do I go to get it?What item will best fit my need or want?How much does it cost?Can I afford it?How am I going to pay for it?...

IRS Releases New Affordability Rate of 9.12% for 2023

The IRS has released a new benchmark rate of 9.12% to determine affordability of employer-sponsored health benefits (such as ICHRAs) offered in 2023. This is down from 9.61% for 2022 and is the lowest affordability rate to date. This rate was established by the...

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