Gravie enhances ICHRA offering, all with the member in mind

Individual Coverage Health Reimbursement Arrangements (ICHRA) first became a health benefits option in 2020, and since then they’ve skyrocketed in popularity.

ICHRAs are a tax-advantaged way for employers to offer flexible health benefits options that connect employees to the individual marketplace. They also allow employers to take a step back and be less involved in the administration of the plans.

Since its inception, Gravie has been cutting through bureaucratic red tape and industry complexity to ensure that Gravie ICHRA™ is a streamlined, user-friendly solution for all involved. And we’re not slowing down anytime soon. Ahead of open enrollment season this year, we’ve taken significant steps to make the ICHRA enrollment and payment  process smoother for everyone. 

Curated plan options

When ICHRA members are looking at individual market plan options, they often have countless to choose from on their state or federal marketplace. For example, in Dallas, an ICHRA member could choose between more than 100 different plans. For the average person, this is overwhelming. That’s why Gravie is introducing Easy Enroll for a majority of plans available: with Easy Enroll, the member only has to complete a few simple steps to get enrolled in their individual plan – helping narrow down the number of plans to just those that would best fit an individual’s needs. 

To kick off the enrollment process, an employee just needs to fill out their family health profile on Gravie’s online platform with each family member’s age and health concerns, select preferred providers and share other preferences. Based on those selections, our intuitive platform will provide a short, up-to-the-minute list of available plans from our carrier partners that best fit the individual family’s needs and budget, making it easier to shop and compare plans at a glance. Our Gravie Care® team is also standing by to answer more complex health plan questions that may arise. Once an individual selects a specific plan, if they choose an Easy Enroll plan, they’re just one click away from enrolling automatically — and Gravie handles the rest. 

Employers get an upgraded experience too. With Gravie ICHRA, they can go beyond the two to three plan options they might offer with a traditional group benefit, and instead offer employees a whole ecosystem of coverage options tailored to their individual needs. The result? Greater freedom and value for their employees, and in return they get the welcome advantage of more predictable costs. 

Gravie Care

This personalized experience doesn’t end with enrollment season. Gravie Care advisors are available over the phone or through our mobile app year-round to help members evaluate plan options, verify network coverage, decipher Explanation of Benefits (EOBs), review bills and so much more. We make it easy to connect with an expert who has industry knowledge and is ready to answer any health plan questions.

Payments made easy and secure

Finally, we’ve streamlined payment coordination with our customized Gravie ICHRA payment flow system. We’ve drawn from our years of experience to create a secure, seamless process for coordinating monthly premium payments between employers, employees and health insurance carriers. Limiting the administrative headaches, Gravie takes care of everything on the back end so payments are synchronized and monitored each month.

For groups with more nuanced needs, brokers can also offer a customized hybrid package with Gravie ICHRA combined with Comfort® as a way to provide tailored benefits to different classes of employees (i.e. by geographic region, full-time vs. part-time, etc.). What’s more, our ICHRA Solutions Consultants are available to help design the contribution strategy that works best for each group’s unique needs.

Gravie is dedicated to making ICHRA more attainable than ever and we’re not stopping anytime soon – we’re bullishly continuing to evolve the ICHRA experience so that it’s a personalized, user-friendly health benefits offering that supports and aids both employers and employees. We believe that Gravie ICHRA is the right fit for many groups, and we’re here to help give you the tools to spread the word to your client base.