6 Things to Plan For When Implementing CHOICE

With CHOICE, formerly ICHRA, the budget decision belongs to you and the plan decision belongs to your employees. That trade is what draws small businesses to it, especially the ones watching group renewals climb. What’s less obvious upfront is how much of the work lands after the switch is made.

Implementing CHOICE means getting notification rules and employee groupings set up correctly, landing on an allowance that works for employees without straining the budget, and supporting people who have never shopped for their own coverage before. It also doesn’t stop at open enrollment, since new hires, life events, and renewals keep coming all year. The overview below covers what to account for in each of those areas, and why many businesses bring in a partner rather than manage it alone.

If you’re having trouble viewing the PDF below, or if you’d prefer to download or open it in your browser, you can click here to access it directly.