Le Lézard
Classified in: Health, Business
Subject: SVY

Market analysis: Nine months in, Individual Coverage HRA signups continue to climb

DALLAS, Oct. 29, 2020 /PRNewswire/ -- Take Command Health, an HRA administrator, unveiled their inaugural ICHRA report just in time for open enrollment. The Individual Coverage HRA (ICHRA) is based on businesses reimbursing employees for health insurance rather than buying it for them. It's available to companies of all sizes without reimbursement limits.

"With open enrollment here, many businesses are evaluating their options for benefits, searching for flexible and budget-friendly options," shares Jack Hooper, CEO, Take Command Health. "Our report benchmarks what similar companies are doing and makes a strong case for the tax-advantaged reimbursement model of health insurance."

Key findings include: 

"Despite the uncertainty that we've all faced these past few months, we've seen signups for Individual Coverage HRAs climb steadily and double since January," adds Hooper. "Carriers are returning to the individual market and individual premium prices are stabilizing?critical factors in the success of this new HRA."

About Take Command Health
Take Command Health is a recognized leader in QSEHRA administration, launched the first-to-market Individual Coverage HRA platform, and is the only HRA administrator to also offer individual enrollment support. 

Amy Skinner 
Take Command Health 
214-224-0990 x132

SOURCE Take Command Health

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News published on 29 october 2020 at 15:34 and distributed by: