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New Edge Solutions ICHRA

Freedom of Choice at a Stabilized Cost

Individual Coverage Health Reimbursement Accounts (ICHRA) are a specialized type of HRAs, that allow employers to reimburse, among a variety of medical expenses, individual health insurance premiums (as well as dental, vision and other exempted benefits). The program was made available by legislation on January 1st, 2020, and HHS estimates that nearly 800,000 employers and over 11 million employees will be finding their coverage via an ICHRA in the next 5-10 years.

11 million members

The Centers for Medicare & Medicaid Service estimates that by year 2029 11 million American employees will be enrolled through an Individual Coverage HRA.

800,000 employers

The Centers for Medicare & Medicaid Service estimates that by year 2029 800,000 employers will be offering an Individual Coverage HRA their employees.

ACA Employer Mandate Compliance

When structured properly for applicable large employers, the ICHRA can satisfy ACA standards of Minimum Essential Coverage, Minimum Value, and Affordability.  Satisfying these standards insulates employers from ACA penalties.

600+ carrier options

The New Edge ICHRA gives employees access to over 600 carriers across the 50 states bringing an unprecedented level of freedom and flexibility to employer sponsored health benefits.

ICHRA: Services

How It Works

Better experience for employer and employees

The ICHRA provides employers cost control and a reduced administrative burden, while giving employees the freedom of choice to meet their needs and budget.


1. Eligibility & Contribution

Employer must determine employee eligibility requirements and how much the employer wants to contribute to each class of employees in the ICHRA.  Employers can offer the ICHRA to specific classes of employees (see classes here) as a means to diversify risk, address specific population needs, and more.

2. Purchase & Support

Employees use the money from ICHRA (in conjunction with their own contribution - when applicable) to purchase individual health insurance via best in breed online platform and/or via dedicated phone support.

3. Carrier Payments

When permitted, carriers will be paid directly using employers' contribution and employees' payroll deduction.  In other cases, employee will pay premium and be ACH'd reimbursement.

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