Introducing BASIC’s New ICHRA Account Solution
Traditional group health plans have been around since the 1950s—and let’s be honest, they’re showing their age. As national demographics evolve, life expectancies rise driven by advancing medical techniques and technologies. Rising premiums, shifting regulations, and growing administrative burdens have made group health plans unsustainable for employers and unsatisfying for employees.
At BASIC, we believe there’s a better way than the outdated “one-size-fits-few” approach to benefits. That’s why we’ve created a one-stop-shop for Individual Coverage HRA (ICHRA).
Why Offer ICHRAs and Why BASIC?
ICHRAs allow employers to reimburse employees for health insurance they choose themselves on the individual market. That means: You set the budget, and employees pick the plan that fits what they need.
ICHRA gives you control, flexibility, and simplicity—without sacrificing coverage or compliance. It’s a win for your team and your business. BASIC’s ICHRA Account offers:
- Flexible payment options. We can reimburse employees or pay insurance carriers directly on an employee’s behalf, eliminating reimbursement headaches and late-payment risks.
- Premium Protection Account Feature. A proprietary buffer ensures employees never lose coverage due to payment timing or funding delays.
- Full compliance coverage. From ERISA to HIPAA to ACA, our bundled compliance offerings handle every piece of compliance—so you don’t have to. Add ICHRA Complete Compliance or Complete Compliance Plus for complete protection.
- Enrollment assistance. BASIC can provide enrollment assistance for your employees by leveraging a strategic partner, so your staff never feels lost in the process.
For Employers: Less Admin, More Confidence
You shouldn’t have to choose between taking care of your people and staying in business, no matter your organization’s size. BASIC’s ICHRA solution gives you:
- Lower costs compared to traditional group plans.
- Plan flexibility your employees will actually value.
- No coverage lapses or compliance risk.
- White-glove support from real people, every step of the way.
Act Now: Setup Fees Waived Through Dec. 1
If you’ve been waiting for the right time to explore ICHRA, it’s right now! Through Dec. 1, BASIC is:
- Waiving all ICHRA Account setup fees
- Offering 50% off ICHRA Compliance bundles setup fees
BASIC’s ICHRA solution delivers exactly what today’s employers need.
