Description
Benefitbay is a platform designed for brokers, employers, and employees that facilitates the quick and simple deployment of Individual Coverage Health Reimbursement Arrangements (ICHRA) for companies of all sizes. Launched in January 2020, ICHRA allows employers to provide their employees with a fixed allowance of tax-free dollars, which they can use to select a health plan tailored to their specific needs. This approach replaces the traditional one-size-fits-all group package, enabling employers to offer personalized health plans with predictable costs for their teams.
Additional Details
Lives Served
-
Company Size
38
Year Founded
2013
Funding
Not Provided
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