Part 2: ICHRA Foundations for HR Professionals

Description

Individual Coverage Health Reimbursement Arrangements (ICHRAs) are changing the way employers can approach employee health benefits. This foundational program gives HR professionals a practical understanding of how ICHRAs work, the rules that shape them, and how they compare with traditional group health insurance. Participants will explore the business and workforce considerations that can make an ICHRA a viable option, while examining the decision through the perspectives of HR, employers, and employees. Through practical examples and real-world scenarios, participants will build the knowledge needed to participate confidently in conversations about whether an ICHRA may be right for their organization.

After participating in this program, you will be able to:

• Explain the fundamental structure, rules, and requirements of Individual Coverage Health Reimbursement Arrangements (ICHRAs). 
• Compare ICHRAs with traditional group health insurance, including key differences in employer cost, employee choice, administration, and the employee experience. 
• Assess the business and workforce factors that may influence whether an ICHRA is an appropriate health benefits strategy for an organization. 
• Evaluate ICHRA options from multiple stakeholder perspectives and identify key questions HR professionals should consider when participating in benefits strategy and implementation decisions.

Includes 1 HRCI CEU/SHRM PDC

About the Presenter

Lisa Collins is a Co-Founder of WCK Health Group, a specialty ICHRA consulting firm and an employee benefits strategist with more than 30 years of experience across the benefits industry, including brokerage, carrier sales, benefits services administration with a focus on consumer driven health plans and compliance. With deep expertise in the evolving ICHRA market, Lisa works across the healthcare ecosystem with administrators, brokers, carriers, benefits technology companies, and other solution providers. Her cross-market perspective enables her to help organizations understand where the ICHRA market is headed and translate those insights into practical strategies for growth, distribution, operations, and the broker and employer experience. At WCK Health Group, Lisa focuses on ICHRA strategy, broker channel transformation and enablement, go-to-market strategy, market intelligence, organizational readiness, and change management. Lisa is also an experienced industry educator and speaker, with a particular focus on helping brokers and organizations move beyond understanding what ICHRA is developing the strategies and capabilities needed to grow, scale and enhance performance in the evolving ICHRA market.