Running a business is tough enough. Between managing operations and keeping your team happy, rising health insurance costs can feel overwhelming. Traditional group plans are often expensive and complicated, but there’s a better way. You can still offer great benefits your employees deserve without breaking your budget.

Here are three ways to build a strong, affordable benefits package that works for your business.

Step One: Use ICHRA to Handle Health Insurance

An Individual Coverage Health Reimbursement Arrangement (ICHRA) lets you give your employees money each month to buy their own health plan through the ACA marketplace.

Here’s how it helps:

• For your business: You decide the budget that works for you and avoid the stress of annual group renewals, rate hikes, or participation rules.
• For your employees: They choose the doctor, network, and plan that best fit their needs.

It’s flexible, tax-friendly, and a lot easier to manage than most people expect.

Step Two: Add Voluntary Benefits

Once health coverage is set up, you can round out your benefits package with voluntary plans like accident, hospital indemnity, critical illness, and disability insurance.

These extras:

• Help protect employees from out-of-pocket costs.
• Can be 100% employee-paid (so there’s no added cost to you).
• Make your benefits package feel more like big-business perks.

Why This Combo Works

When you combine ICHRA + Voluntary Benefits, you get the best of both worlds:

• Predictable costs for your business.
• More choice and protection for your team.
• A total benefits package that helps you attract and keep great people.

Step Three: Make It Simple with One Platform

The right benefits administration platform can handle both ICHRA reimbursements and voluntary benefits in one place. That means one login, one dashboard, and less paperwork for you and your employees.

The best part: You can offer competitive, flexible benefits without overspending. Pairing ICHRA with voluntary benefits and managing them through a single platform helps you save money, stay organized, and give your employees access to quality coverage.