HealthSherpa for ICHRA
HealthSherpa, the largest and fastest-growing individual health coverage exchange in the United States, now offers one marketplace for on- and off-exchange enrollment tailor-made to help you serve ICHRA groups and provide consumers even greater access to quality, affordable health plans.
Off-exchange and on-exchange in one connected ecosystem
Our secure, integrated technology ecosystem empowers insurance agents, agencies, and carriers to quickly and accurately serve and support individuals as they select and use quality, affordable health plans. With the addition of the HealthSherpa ICHRA Marketplace, partners can now distribute and service on- and off- exchange plans all in one place.
.png?width=2000&height=849&name=Group%20177%20(1).png "Group 177 (1)")
The HealthSherpa ICHRA Marketplace
The HealthSherpa ICHRA Marketplace is an expansion of HealthSherpa Marketplace and the newest part of our fully-integrated exchange ecosystem.
.png?width=2000&height=1702&name=Group%20467%20(1).png "Custom Screener for ICHRA")
Seamless marketplace integration
The HealthSherpa ICHRA Marketplace is fully integrated with our industry-leading ACA marketplace to accelerate on- and off-exchange enrollment. A new custom screener captures ICHRA details and routes users to the appropriate on- or off-exchange flow, then to affordability and other eligibility estimates.
Streamlined, broker-assisted process
HealthSherpa brings together the largest active broker audience in the country. The HealthSherpa ICHRA Marketplace gives agents and agencies a single to place help their clients to shop and enroll for ICHRA plans that seamlessly connects with their sales and quoting software and provides post-enrollment support.
- >65% of ACA enrollment is broker-driven.
- Employers who use an agent-facilitated enrollment see 60-80% participation, rates comparable to group health plans.
.png "2024_ ICHRA Shoping Flow Screenshot (2)")
.png?width=2000&height=1524&name=Off-Exchange%20(2).png "Off-Exchange (2)")
Coordinated reporting throughout the member lifecycle
Track your ICHRA performance with deep insights on market behavior and trends alongside real-time on- and off-ex enrollment reporting driven by secure data integration.
- Full-book ACA, ICHRA, and Medicare reporting.
- Easily reconcile ICHRA membership and employer data.
- Coming soon! List billing through secure data transfer between carriers, employers, and third-party administrators.
>65% broker supported ACA enrollments
Largest distribution network for IFP
48,000 active agents across the United States
What is ICHRA?
ICHRA stands for Individual Coverage Health Reimbursement Arrangement.
In an ICHRA, employers of any size can offer their employees tax-free reimbursements for qualified health care spending – including ACA health plans – instead of offering group coverage. ICHRA may even cover individual plan premiums and qualified medical expenses, if the plan allows.
Advantages for Employers
- Predictable costs
- No risk of large renewal increases
- Removes barriers to offering a health plan
- No participation requirement
Advantages for Consumers
- Wider plan options that can accommodate different networks and needs
- Portable
- Can use APTC where applicable
