The CHOICE Arrangement: Offer Benefits Without Traditional Group Plan Complexity

Benefits can be a powerful advantage when attracting and retaining great people, but a traditional group health plan is not always the right fit. If cost, administrative demands or a geographically distributed workforce have made health benefits feel out of reach, The CHOICE Arrangement may offer another path forward.

Join isolved for a live webinar to explore the CHOICE Arrangement, also known as the Custom Health Option and Individual Care Expense Arrangement. Learn how this defined contribution approach can help employers provide employees with more flexibility while creating a simpler benefits experience.

Whether you are a small business evaluating alternatives to a group health plan or an organization reviewing its broader benefits strategy, this session explains how a CHOICE Arrangement can complement the individual market. We will discuss how CHOICE Arrangements compare with ICHRAs, QSEHRAs and other HRA options, including an individual coverage HRA.

In This Webinar, You’ll Discover

• How the CHOICE Arrangement can help businesses offer meaningful health benefits without committing to a traditional group health plan

• How employee classes and classes of employees can support a benefits strategy that reflects different workforce needs

• How employees may compare individual health insurance premiums, qualified medical expenses and potential tax-free reimbursements

• The difference between ICHRAs, QSEHRAs and an individual coverage health reimbursement arrangement

• Key considerations for small businesses, applicable large employers and employers navigating the ACA, Affordable Care Act requirements and the employer mandate

• How employer contributions, a cafeteria plan and a pre-tax basis may factor into the employee benefits experience

• What employees should understand about premium tax credits, the lowest-cost silver plan, minimum essential coverage and Healthcare.gov

• How portability and employee choice can shape the value of individual health insurance coverage

• Important compliance concepts, including CMS guidance, written notice requirements and the role of the SBA

• How the Choice Arrangement Act and ACA policy discussions may affect the future of employer-sponsored benefits

The CHOICE Arrangement is designed to help employers make benefits easier to manage, create more predictable costs and give employees greater control over their care decisions.