By Stacy Edgar
CHRA is reshaping the individual health insurance plans. How? Carriers are putting out ICHRA-specific plans. Here’s an example: Take this new Wellpoint offering in Texas. What makes this an ICHRA-specific plan?
– It has ICHRA in the title 😂
– It’s only offered off-exchange (directly from the carrier)
– Lower medical deductible
Does this make it an inherently better plan for employees?
For example, while these plans have lower medical deductibles, other plans offer better-priced prescription coverage. (I looked.)
The power of ICHRA continues to be a choice.
