Get Covered Insurance Exchange helps Northbrook employers set up an ICHRA, giving employees a tax-free monthly allowance to buy their own individual health insurance. Call (814) 883-0073 to see if it fits your business.
With I-94 and I-294 bringing in employees from all directions, Northbrook employers can use an ICHRA so each person picks a plan with doctors near their own home.
You set the allowance, which can differ by employee class, and employees use it toward the individual plan they choose. We help design the ICHRA and help employees pick their plans.
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Serving Northbrook and Cook County
Straight answers
Can my Northbrook business offer an ICHRA?
Employers of any size can offer an ICHRA. Employees must enroll in individual health coverage to be reimbursed.
Is ICHRA money taxable?
Qualifying ICHRA reimbursements for health insurance premiums are generally tax-free to employees and deductible for the employer. Check with your tax professional for your situation.
Can I give different amounts to different employees?
Yes, by employee class, such as full-time versus part-time. Within a class, allowances must follow the ICHRA rules.
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