ICHRA can help employers save an average of
17% on healthcare costs while employees escape one-size-fits-all
group coverage model
AUSTIN,
Texas, Jan. 29, 2025 /PRNewswire/ --
Today eHealth, Inc. (Nasdaq: EHTH), a leading online private
health insurance marketplace, announced the launch of Iris by
eHealth, an end-to-end Individual Coverage Health Reimbursement
Account (ICHRA) solution for employers who want to support employee
healthcare but struggle with the unpredictable costs of group
health plans.
"Like a fingerprint, every person's iris is unique, and so are
their health needs," said eHealth CEO Fran
Soistman. "The conventional employer-sponsored model picks
one plan for many employees. But one size doesn't fit all, or even
most. With ICHRA, employers can potentially save an average of
17%1 on healthcare costs while enabling employees to
choose the right health plan for their personal needs. ICHRA is
also a great way to address the healthcare needs of geographically
dispersed, seasonal, or mixed part-time and full-time
workforces."
Here's how Iris by eHealth works:
- The employer determines a flat monthly contribution to be made
toward each employee's health coverage
- Using eHealth's Iris platform, employees select their own plan
from among top insurance companies in their area
- By adding their preferred doctors and prescriptions, they can
narrow down their choices to those best suited to their personal
needs
- eHealth's proven customer care team manages enrollments and
provides direct support to employees
- Once enrolled, the employer's monthly contribution funds some,
or all, of the employee's health insurance premiums
Employers using eHealth for ICHRA solutions have praised "the
cost savings for both our employees and our bottom line," and
appreciated how it "allows our employees to shop the individual
market and choose a plan from various carriers, greatly increasing
their plan options." They've also praised the support eHealth
provides: "You continue to be an invaluable resource since the
transition to ICHRA, taking the time to answer all of our follow-up
questions in a very timely and precise manner."
There are no plan markups or hidden fees with Iris. eHealth's
licensed agents are available nationwide by phone or chat to help
employers and their employees find the coverage they need, with a
free annual review of plan options.
To learn more about Iris, visit eHealth's new Iris website.
Notes:
1 Based on an eHealth analysis of
third-party data on individual rates compared to traditional group
plan rates in OH, MN, GA, KY, IN & FL.
About eHealth (NASDAQ: EHTH)
We're Matchmakers. For over 25 years, eHealth has helped millions
of Americans find the healthcare coverage that fits their needs at
a price they can afford. As a leading independent licensed
insurance agency and advisor, eHealth offers access to over 180
health insurers, including national and regional
companies.
For more information about eHealth, visit ehealth.com or follow
us on LinkedIn, Facebook, Instagram, and X. Open positions can be
found on our career page.
Media inquiries: pr@ehealth.com
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SOURCE eHealth, Inc.
