Benefitbay is the chosen platform for brokers, employers, and employees that supports secure SOC II Type II end-to-end ICHRA deployment for companies of all sizes.
First available in January of 2020, ICHRA (pronounced ICK-RA), stands for Individual Coverage Health Reimbursement Arrangement. With ICHRA, employers can provide an allowance of tax free dollars to their employees who then use those dollars to shop for a health plan that meets their own specific needs. No more one-size-fits-all group package. Employers can provide wonderful health plans for their team, individually tailored to each person’s needs, with a fixed, predictable cost.
Experts anticipate a seismic shift in the benefits industry from group to individual as ICHRA plans will become a critical company feature when recruiting top talent. The best candidates will expect the freedom and portability that ICHRA allows. They will expect to be able to change jobs without having to change doctors. And benefitbay is touted as the solution that will finally set this shift in motion by solving the inefficiencies that have slowed ICHRA adoption thus far.
Benefitbay is the first-of its-kind, end-to-end solution that enables employers to easily model, deploy and oversee their ICHRA plans, in full compliance with regulation and with full confidence that their employees will have tools and support to select and enroll in the plan that’s right for them.
Company Details
- Employees
- 47
- Founded
- -
- Address
- Kansas City, Mo, Us
- in****@****bay.com
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- benefitbay.com
- Keywords
- Unique Employee Benefit Solutions, Group Benefits, Healthcare Reform, Employee Enrollment Systems, ICHRA, BenTech, INdividual Insurance, ACA, HRA, InsurTech, Fintech, HRIS, HealthTech.
- HQ
- Kansas City, MO
Benefitbay® Questions
Benefitbay®'s website is benefitbay.com
Benefitbay®'s LinkedIn profile is https://www.linkedin.com/company/benefitbay
Benefitbay® has
47 employees.
View email and phone details for 47
employees at Benefitbay®.
Benefitbay®'s industry is
Insurance
Benefitbay®'s top competitors are
Zorro,
Nexben,
Peoplekeep,
Remodel Health,
Venteur,
Gravie,
Thatch,
Zizzl Health,
Take Command,
Basys.
Benefitbay®'s support email address is info@benefitbay.com
Benefitbay®'s categories are Insurance
Benefitbay®'s founding year is 2021
