An ICHRA is by definition a group health plan providing a superior method of health care finance for plan sponsors………. for a lot of reasons.
“[C]hanging from traditional group insurance to an ICHRA model had little impact on overall participation; however, older employees are more likely to enroll in an ICHRA than younger employees despite generally having to pay more….
Enrollees are generally electing more prevalent HMO/EPO plans on the individual market and are often buying down from their current coverage…. [W]hen individual plans are less expensive, employers contribute lower monthly subsidies and reduce their benefits budget.”