This is the third post in the series “Nexben’s ICHRA Solution.” See below for links to the other installments.
The traditional way: Paperwork and HR administration stress
The easy way: In-platform self-enrollment with a few simple steps
After the proposals are accepted and contribution strategies are finalized, it’s time for employees to enroll in their coverage. Nexben’s ICHRA marketplace allows for employees to select and enroll in the individual health plan coverage of their choice directly within the platform, taking the plan selection pressure off of HR administrators.
Employees get direct access to their personalized benefit portal to shop, compare, choose and eventually enroll in individual plans that best meet their needs. The step-by-step instructions within the platform make the process seamless to navigate, even for first-time users. If there are questions, however, employees (and HR administrators) have access to expert support from our Customer Care Team.
Once employees have selected their plan, they can use the eSignature protocol to complete their online enrollment process. Additionally, their portion of the premium, if any, is withdrawn from their paycheck on a pre-tax basis, just like a traditional group plan. Unlike other ICHRA solutions, there are no reimbursement forms to fill out or submit.
Read more on Nexben’s ICHRA solution here.
What’s better than paperless enrollments powered by a technology platform? It’s the ability to start where your proposal left off, without leaving a single application. Check out our easy way to generate proposals, or why our side-by-side health insurance plan comparison feature makes quoting a breeze!