Deciding the right plan for yourself and/or your family.
With the Individual Coverage Health Reimbursement Arrangement (ICHRA), you have the flexibility to select a health plan that aligns with your specific needs. You can evaluate options based on factors such as deductibles, preferred providers, and various features tailored to your geographical location.
When making your selection, it is essential to consider the overall healthcare costs, which extend beyond just monthly premiums. This encompasses deductibles, out-of-pocket expenses like co-pays and co-insurance, as well as prescription costs. It is advisable to choose a plan that reflects your anticipated healthcare expenditures. A practical approach to estimating these costs is to review your medical expenses from the previous year or to assess the healthcare services you expect to utilize.
The benefitbay® employee experience facilitates the comparison of plans and pricing prior to making a coverage purchase.
To schedule a consultation with a licensed insurance agent, please click the link located at the bottom of your benefitbay® shopping screen.
You can review our articles in, Health Insurance 101, to gain more understanding on insurance terms. You can also visit, What is ICHRA?, to learn more on ICHRA.
For any further questions, feel free to contact us at support@benefitbay.com.