By taking a data-centric approach and removing the complexity from a complex world, carriers, insurance brokers, employers and employees can easily and seamlessly interact in real-time — from a single marketplace. Whether shopping for individual, Medicare, ICHRA, small group or large group healthcare benefits, the platform is designed to help navigate the labyrinth of a million different types and combinations of insurance offerings.
| Trovia* | Traditional Individual & Medicare Coverage | Small Group (50 or less employees) | Large Group (51+ employees) | ||
| Plans Offered | Services Provided | ||||
| Major Medical | Multi-carrier comparisons (Quote) |  | | | |
| Employer Plan Selection (Propose) | | | | ||
| Employee Plan Selection (Enroll) | | | | | |
| Benefit Administration (Manage) | | | | ||
| Real-time Payments (Bill) | | ||||
| Ancillary & Related Products | | (manage & bill direct with carrier) | | | |
| *Trovia is the premier Individual Group Health Reimbursement Arrangement (ICHRA) marketplace solution. | |||||
Introducing
The insurance marketplace of choice.
Thanks to a new federal ruling (enabling ICHRAs), employers, of any size, can now create the perfect health benefit package. Trovia is where group health plan cost control meets the best of individual plan choices.
With Trovia, employers contribute a pre-tax allowance that the employees use to help pay for an individual plan they self-select. Employees can easily shop, compare and choose from the most desirable carriers and best individual plans* all from inside the simple, secure Trovia marketplace. Like other group health plans, employee contributions are payroll deducted on a pre-tax basis.
GREATER $ Control
Employers can confidently set their health plan budget year after year, while providing employees coverage no matter what their needs.
FREEDOM OF CHOICE
Employees shop, compare and select from any and all available individual plans in a friendly market. They find their own best fit.
EASY ADMINISTRATION
The intelligent portal lifts the admin burden by eliminating recurring HR tasks and simplifying the employee management process.
*Plan offerings vary by area.
“Offering a health insurance benefit through Trovia was incredibly easy… so much less complicated. For the first time in years the cost to offer it actually went down significantly. The employees got what they needed and wanted. Everyone was happy. Now I don’t dread the Open Enrollment season anymore.”
Small Business Owner
What is ICHRA?
Trovia is made possible due to a federal regulation that expands the usability of Health Reimbursement Arrangements. As of January 1, 2020, the Individual Coverage Health Reimbursement Arrangement allows employers of any size to use pre-tax dollars to create a group health plan that pays for part or all of an employees’ individual health plan premiums and qualified medical expenses.
Individual Coverage Health Reimbursement Arrangements are often referred to as ICHRAs (pronounced ‘ick-rahs’).
