ICHRA
Administration

End-to-end ICHRA Solution

ICHRA features that benefit you:

Premium Protection Account Feature.
Never face coverage gaps or out-of-pocket stress.

Fully integrated with all of
BASIC’s CDA services

Flexible Payment Options
Including Direct to Carrier Payments

By choosing our ICHRA solution employers help give their employees real choice for reduced cost, while avoiding compliance risk and administrative headaches.

BASIC’s ICHRA Solutions:

Simplify Administration. We handle payments, filings, and compliance (ACA, COBRA, HIPAA).
Protect your team. The Premium Protection Account Feature prevents coverage lapses due to timing issues.
Control costs. Lower premiums, more choice, reduced group plan dependency.

Why Offer an ICHRA?

Each year, employers are finding it harder to offer healthcare coverage that meets the needs of their employees. Compliance rules change. Premiums rise. And traditional group plans keep piling on complexity without delivering flexibility.

Businesses are left to choose between:
● Paying too much for a plan employees aren’t happy with
● Rolling the dice on compliance you don’t fully understand
● Making no changes, and hoping your top talent won’t leave

It’s not just frustrating, it’s risky. And it’s not sustainable.

Employers should feel like every benefits renewal is a battle having to choose between flexibility and compliance. Between cost control and real coverage. Between doing what’s right and staying in business.

BASIC CDA makes the most of your employer sponsored benefit plan

BASIC Consumer Driven Accounts (CDA)

A cutting edge integrated system allowing employers and participants to manage all their benefit plans and benefit continuation (COBRA) accounts with one card, one website, and one mobile app.

Employers can choose to enrich their benefits package with a wide range of healthcare benefit accounts like FSA, Simple HRA, or HSA.
Combine with a variety of available benefit accounts such as Dependent Care, Commuter, Wellness Rewards, Employee Crisis, and Education Reimbursement.
Single sign-on solution to access benefit plans and benefit continuation accounts – no more switching between multiple systems!

BASIC Card

All participant benefit accounts and MyCash account are linked to a single card.

Proprietary smart card technology withdraws funds from the appropriate account(s) based on plan design and expense eligibility.
The BASIC Card can be used anywhere Mastercard is accepted.
Learn more about the BASIC Card.

BASIC Benefits App

With a single app, participants can manage all their BASIC benefit accounts and benefit continuation (COBRA) plans.

Participants can request and submit manual reimbursements or select Picture to Pay provider.
Check expense eligibility anytime, anywhere.
Lock or unlock the BASIC card if lost, stolen, or found.
Learn more about the BASIC benefits app.

MyCash

MyCash is an unrestricted post-tax reimbursement account linked to participants’ BASIC Cards.

Reimbursements are deposited directly into the participants’ MyCash accounts and are faster than check or direct deposit!
Participants can pay COBRA premiums with their MyCash balance, credit and debit cards, setting up auto-pay, and more!
Participants can use their BASIC Card to access MyCash funds or they can be transferred to another bank account.
Learn more about the MyCash account.

ICHRA Compliance Bundles

Compliance Service	BASIC ICHRA Accounts	BASIC ICHRA Complete Compliance	BASIC ICHRA Complete Compliance Plus
ICHRA/NESP plan documents—plan document, SPD, SBC	X	X	X
ACA Reporting		X	X
COBRA		X	X
HIPAA Compliance		X	X
Medicare Secondary Payer (MSP) Reporting		X	X
PCORI		X	X
ERISA Compliance			X

Get enhanced compliance and bundled pricing when you combine BASIC ICHRA Account with our full compliance services.

Our ICHRA Complete Compliance and ICHRA Complete Compliance Plus bundles take the compliance risks off your plate. Both packages are available to enhance your ICHRA Account at a discounted bundled price so you can have peace of mind that you are getting industry leading ICHRA administration and compliance expertise when choosing BASIC ICHRA.

Superior Customer Service

Our Account Team are well versed in Health Reimbursement Accounts and certified in employee benefit administration by IFEBP.
Toll-free support with below industry average hold times for all clients
Readily available customer service representatives for participant questions on eligible expenses
Our CDA system empowers clients to perform routine functions like enrolling or terminating employees from a benefit plan at any time.
Support Requests can be made directly in our CDA system, enabling clients to quickly request changes to their benefit plan, plus receive a tracking number and status updates. No need to track multiple email addresses or wonder about the status of your request.

About ICHRA

Can employees truly select any individual plan?

Yes. Employees choose the plan that fits their needs; you avoid rigid group plan restrictions.

How do payments work?

BASIC’s ICHRA solution offers flexible payment options, including reimbursing employees and paying carriers directly.

What’s the Premium Protection Account Feature?

A built-in buffer account that ensures carrier payments are made on time – even if the premium amounts vary – so coverage never lapses.

What compliance does BASIC manage?

Our core ICHRA offering covers all required plan documents and employee notices. ACA affordability tests, plan docs, COBRA notices, HIPAA safeguards, and IRS filings (1094/1095) are available with our ICHRA Complete Compliance or ICHRA Complete Compliance Plus offerings.

What if I’m already using a group plan?

ICHRA can be a full replacement or a carve-out for specific classes. We’ll help you explore the right fit.

ICHRA Resources

HRA Comparison Chart

BASIC ICHRA

ICHRA News

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ICHRA
Administration

ICHRA features that benefit you:

Why Offer an ICHRA?

BASIC CDA makes the most of your employer sponsored benefit plan

BASIC Consumer Driven Accounts (CDA)

BASIC Card

BASIC Benefits App

MyCash

ICHRA Compliance Bundles

Get enhanced compliance and bundled pricing when you combine BASIC ICHRA Account with our full compliance services.

Superior Customer Service

About ICHRA

ICHRA Resources

ICHRA News

ICHRA Pros and Cons: A Guide for Employers to Upgrade their Benefits

Introducing the New Era of HRAs: ICHRAs and QSEHRAs

Can Offering Employee Benefits Actually Save Employers Money?

Request a Proposal

About BASIC

Resources

Contact Us

Quick Links

ICHRA Administration

ICHRA features that benefit you:

Why Offer an ICHRA?

BASIC CDA makes the most of your employer sponsored benefit plan

BASIC Consumer Driven Accounts (CDA)

BASIC Card

BASIC Benefits App

MyCash

ICHRA Compliance Bundles

Get enhanced compliance and bundled pricing when you combine BASIC ICHRA Account with our full compliance services.

Superior Customer Service

About ICHRA

ICHRA Resources

ICHRA News

Request a Proposal

About BASIC

Resources

Contact Us

Quick Links

ICHRA
Administration