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Here’s How it Works

PHASE 3

PHASE 3

Administration:
Keeping it simple & hassle free

ezICHRA’s exclusive Premium Payment Manager (PPM) greatly simplifies your ICHRA administration. PPM allows employees to pay for their monthly premium and request reimbursement…at the same time!
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Bringing all the pieces of the puzzle together in a seamless & simple way

ICHRAs are a fantastic way for employers to stabilize the expense of their medical benefit offering. The challenge is that the administration of an ICHRA plan can be a huge burden without the right processes in place. Many ICHRA models require an employee to purchase a qualified health plan using their own after-tax dollars. Then, adding to the challenge, an employee must substantiate, or prove, that they have proper coverage and request reimbursement either by mail, email or some mobile application. The good news is that ezICHRA’s PPM makes the payment, substantiation and administration process simple and seamless by eliminating many of the action steps necessary in other ICHRA models.*

Our Premium Payment Manager Makes it a Breeze
Employer establishes a fund tied to their ICHRA plan
Employer establishes a fund tied to their ICHRA plan
Employee selects a qualified individual health insurance policy
Employee selects a qualified individual health insurance policy
PPM Platform compiles detailed reporting on employee premiums and carrier information for employers – which they can upload into their payroll system
PPM Platform compiles detailed reporting on employee premiums and carrier information for employers – which they can upload into their payroll system
PPM begins making recurring monthly premium payments for each employee policy from fund
PPM begins making recurring monthly premium payments for each employee policy from fund
Employer receives employee portion of the premium cost through payroll withholding
Employer receives employee portion of the premium cost through payroll withholding

*Unfortunately, Medicare Part B cannot be funded by PPM. Therefore, Medicare premiums and reimbursements are managed outside this of system.

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