Ditch the one-size-fits-all approach: Unleash the flexibility of ICHRAs

The individual coverage health reimbursement arrangement (ICHRA) is a game-changer for employee benefits. With PeopleKeep’s ICHRA administration software, you can easily manage this health benefit, take back control of your benefits budget, and give your employees the personalized benefits they deserve.

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PeopleKeep QSEHRA employer dashboard screenshot

Your employees want health benefits that are…

  • Inclusive

  • Individualized

  • Flexible

  • Straightforward

If you want to attract and retain talented employees, you must offer a standout health benefit as part of your compensation package. An individual coverage HRA (ICHRA) offers more flexibility and personalization than traditional group health insurance. With an ICHRA, you can reimburse your employees for the individual health insurance policies and medical expenses that meet their unique needs, all while staying within your budget. Your employees will feel empowered to leverage their health benefit in the way that best suits them, leading to increased satisfaction and productivity.

A budget-friendly health benefit that satisfies the employer mandate

For many employers, offering a traditional group health insurance plan isn’t feasible. Insurance is often too expensive, too complex, and too restrictive. Yet organizations with 50 or more full-time equivalent employees (FTEs) must offer health insurance to their full-time employees—or be subject to penalties from the IRS.

An ICHRA is a way to provide a compliant health benefit while saving time and money compared to group coverage. An ICHRA is a formal group health benefit that organizations of all sizes can use to reimburse their employees, tax-free, for individual health insurance premiums and more than 200 other out-of-pocket medical expenses.

Now you can break free from traditional group health insurance and give your employees the individualized coverage they desire.

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What sets PeopleKeep’s ICHRA administration platform apart?

Award Winning Customer Support

Our responsive, U.S.-based customer support team and free help center articles are there for you and your employees anytime you need us.
Award Winning Customer Support

Simplify benefits

An ICHRA allows employers to avoid having to qualify for group health insurance and the headaches involved with re-enrollment and premium increases.
Simplify benefits

Automated plan documents

Leave the compliance legwork to us. We'll generate legal plan documents to help you comply with IRS and ERISA rules.
Automated plan documents

Retain employees

Gives employees the power to choose how they use their allowance. Can be used for health insurance premiums and even out-of-pocket expenses.
Retain employees

Integrated health insurance shopping

Your employees can shop for their plans within their PeopleKeep account. They have access to meet with our in-house benefits advisors for health insurance enrollment.

Expert employee claims verification

Our expert documentation review team reviews your employees' reimbursement requests for IRS compliance. We'll let you know when we've verified an expense so you can reimburse employees.

A record of excellence

As the first company to offer a cloud-based ICHRA administration solution, we’re uniquely positioned to serve your needs. Join thousands of other organizations that use PeopleKeep to administer their benefits.

$15M+

ICHRA reimbursement dollars processed annually

40K+

ICHRA expenses reviewed annually

50

States served

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ABA23_Silver_Winner
2022 HR tech awards badges-27
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How to use our ICHRA platform

With an ICHRA, you can offer your employees a monthly allowance for their individual insurance premiums and out-of-pocket medical expenses. Employees choose the expenses they want to use their allowance on, submit proof of purchase, and attest to having qualifying individual health coverage. Once our team ensures their expenses are eligible, you’ll reimburse them up to their available allowance.

Here’s a breakdown of the process:

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STEP 1

Create a PeopleKeep account

To get started, you’ll create a PeopleKeep account for your organization. Here you’ll share your basic business information. We use this information to generate legal plan documents for your ICHRA. 

  • Enter company details, such as your business name, EIN, and contact info
  • Provide the number of W-2 employees eligible for the ICHRA

Learn who can serve as an HRA administrator

STEP 2

Design your ICHRA benefit

Now you’re ready to design your benefit. You’ll have complete control over your benefit start date, allowance amounts, employee classes, and whether you want to reimburse employees for insurance premiums only or premiums plus out-of-pocket medical expenses.

  • Choose a benefit start date
  • Create optional employee classes: full-time, part-time, seasonal, salaried, non-salaried,  state-based
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STEP 3

Add your people and launch your benefit

Next, you’ll invite your employees to participate in your new benefit. Once invited, employees will receive an email with the details about their ICHRA and how it works. With an ICHRA, employees can choose whether they want to opt in or out of their benefit, depending on whether their allowance is considered affordable. When you’re ready, the last step is to officially launch your ICHRA.

Employees can use our interactive tool to decide whether opting in or out is best for them

STEP 4

Employees shop for health insurance coverage

Once employees create their accounts, they can shop for health insurance and ancillary policies right from their dashboard.

STEP 5

Employees make qualifying purchases and request reimbursement

After an employee opts into the benefit and you launch your ICHRA, they can make out-of-pocket medical purchases for the qualifying expenses they choose. After making eligible purchases, employees submit documentation, such as a receipt, and attest that they have qualifying individual health coverage. 

STEP 6

Reimburse your employees

Once the expense is submitted, our expert team reviews it for IRS compliance. Once an expense is verified, you can approve the amount and reimburse your employee through payroll or by cash or check.

Want to launch an ICHRA with white glove service? 

As PeopleKeep's parent company, Remodel Health offers enhanced personalized support and expert guidance. Their deep level of expertise on individualized health plans helps to ensure your ICHRA needs are fully met. 

LEARN MORE

Offering personalized benefits is possible with PeopleKeep

Skip the expensive group premiums and annual rate hikes that come with group health insurance plans and implement a cost-controlled, budget-friendly benefit.
 
Fill out the form to get access to an on-demand ICHRA demo.
 

Frequency Asked Questions

What does PeopleKeep’s HRA software do?

PeopleKeep’s HRA software helps employers administer their own HRA in just minutes per month. It makes health benefits smooth, efficient, and meaningful to employees. A PeopleKeep HRA gives employers instant access to legal plan documents and award-winning customer support for themselves and their employees.

Watch a demo

Does PeopleKeep have hidden fees?
We don’t believe in hidden fees at PeopleKeep. The only charges that will show up on your invoices are the one-time setup fee when you first purchase a plan, the monthly base fee, and the monthly per-employee fee.
What payment methods does PeopleKeep accept?
We accept credit card and ACH payments.
Can business owners participate in a PeopleKeep HRA?

Almost all business owners can participate in a QSEHRA, except for S-Corporation owners with more than 2% ownership in the organization. See our chart on owner eligibility with a QSEHRA.

Not sure what an HRA is?

Watch a short video from our Youtube channel explaining more about what an HRA is and how it can be a solution for your business. 

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Interested in signing up with PeopleKeep?

Speak with a PeopleKeep personalized benefits advisor who can help you answer questions, set up your account, and guide you through the beginning stages of your new benefit.

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