Leeway

Working with amazing groups like HRA Council! We are on the education and collaboration committee. Raising awareness of how ICHRA benefits both employers and employees. States like Ohio are proposing legislation to help businesses get control of their health care spending and allow more people to get affordable health insurance. Ohio State won the national championship in football. ?? OH-IO The state of Ohio is winning, with a proposed bill from Meredith Craig creating a tax credit for small businesses. “By incentivizing employers to adopt ICHRAs, we can help reduce healthcare costs, enhance employee satisfaction, and ultimately incentivize more health care choice in the economy,” said Craig. Under this bill, a $400 tax credit per employee covered will be available to employers who:? Have 2-50 employees; Offer ICHRAs to all or some of their employees; and Contribute at least $400 per employee to the ICHRA in a taxable year. Learn how @Leeway is leading the way with ICHRA - we can help your business today! DM Michelle Lee Mead, CLCS #ichra #healthinsurance #employeebenefits #costcontrol https://lnkd.in/d9fHyjik

Traditional Medicare vs. Medicare Advantage The big choice at the Medicare eligibility age of 65 is whether to enroll in traditional Medicare run by the federal government or in Medicare Advantage, which is run by private companies like Humana or UnitedHealthcare that contract with the government to provide Part A hospital coverage, Part B outpatient coverage, and often Part D drug coverage at no extra premium. Advantage comes with perks not included in traditional Medicare, like free gym memberships, transportation benefits, or limited dental and vision coverage. Yet some supplemental benefits have been curtailed this year as Medicare Advantage insurers such as?Humana and UnitedHealth Care struggle with rising costs. Even robust supplemental benefits shouldn’t be the primary consideration for Medicare enrollees. More important is access to doctors and care.?Medicare Advantage plans tend to limit doctor choice?through restrictive provider networks and can impose hurdles to care in the form of referrals and prior authorization requirements. If you select Medicare Advantage, it can be hard to return to traditional Medicare and buy a Medigap supplement plan. These policies are medically underwritten. Know your options, and if you are working and your employer offers an ICHRA, Individual Coverage Health Reimbursement Arrangement you can use those funds to pay for your Medicare premiums! Leeway is leading the way with ICHRA - Learn more here: https://lnkd.in/eavH9Bsm #ichra #medicare #employeehealthcare #healthinsurance #seniors

ICHRA stands out as a transformative force that challenges the status quo of traditional group plans. Removing the endless cycle of health insurance renewals and their yearly increases. A standout benefit of ICHRA is its scalability. Employers have the freedom to design plans that cater to different employee classes, such as full-time, part-time, and remote workers in different states. This adaptability ensures that benefits are aligned with the unique circumstances of each employee, making ICHRA an attractive and personalized option for businesses of all sizes. ICHRA brings personalization, flexibility, and cost-effectiveness to the forefront. Employees choose their own health coverage and tailoring benefits to individual needs with the monthly contribution from the employer. (tax free) As a health insurance broker - ICHRA could be the best solution for your prospects/clients. ICHRA addresses the cost and shortcomings of traditional group plans. Standout from all the other brokers and offer ICHRA. Learn more about how Leeway is leading the way with ICHRA! https://lnkd.in/eavH9Bsm #ichra #healthinsurancebrokers #employeebenefits #healthinsurance

Health insurance brokers, don't fumble the ball! ?? ICHRA is your game-winning strategy! When traditional group hits record highs; level and self-funding are just too much of a burden. ICHRA Individual Coverage Health Reimbursement Arrangements offer a game-changing alternative and Leeway is here to help you seize this opportunity. We make ICHRA easy, from quotes, and plan design to implementation. Giving employees and employers the best options from carrier choices to like plan comparisons for benchmarking current coverage. Let's make that point conversion together! Learn more: https://lnkd.in/eavH9Bsm Good Luck Chiefs and Eagles - I can't wait to see the 8MM commercials! #ichra #superbowl #healthinsurance

By leveraging ICHRA, health insurance brokers can increase earnings, attract new business clients, and streamline operations while meeting the needs of both employers and employees. Brokers who specialize in ICHRA can position themselves as experts in a growth market with a whole new world of opportunities. ICHRA allows cross-selling of other insurance products, such as dental, vision, disability, and life insurance. ICHRA offers less administrative burden since employers set a defined contribution, and brokers avoid the complexities of managing renewals, claims, and group policy negotiations. Let's talk about how Leeway ICHRA will expand your book of business. Contact us for client/prospect review, you just need a basic census to get started today! https://lnkd.in/eavH9Bsm

An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a modern, flexible alternative to traditional group health insurance. It allows employers to reimburse employees tax-free for individual health insurance premiums and medical expenses, giving both parties greater control over healthcare choices. ICHRA is ideal for businesses of all sizes looking for a cost-effective, customizable benefits strategy that empowers employees while controlling employer expenses. Health insurance brokers expand your product offering with ICHRA. You can help businesses struggling with high traditional group plan costs at renewal. All we need to get you started is a basic employee census! Submit a client census, and we’ll provide a personalized ICHRA implementation analysis showing potential savings and plan options. Start winning more, with ICHRA! Contact us for more information: https://lnkd.in/eavH9Bsm

Health insurance brokers you can be a superhero, and save the day by bringing an ICHRA to your renewals Give employers what they really want, an escape from the group renewal cycle. Don't try to disguise that group plan by raising deductibles and the out-of-pocket max for employers. ICHRA gives employers flexibility, simple administration, cost control, and employee retention. ICHRA provides a modern, flexible approach to employer-sponsored health benefits, catering to diverse workforce needs. Let's review how ICHRA can save the day, everyday! Contact Leeway to learn more: https://lnkd.in/eavH9Bsm #ichra #healthinsurance #groupbenefits #costcontrol

As a health insurance broker, ICHRA positions you as an innovative problem solver in this ever-changing benefits landscape. ICHRA is an alternative to traditional group plans when flexibility, cost control, and employee choice are priorities. ICHRAs work best in situations where a one-size-fits-all group plan isn’t ideal. ICHRA offers an alternative for clients/prospects struggling with group plan affordability or participation requirements. ICHRA is a compelling solution for businesses unable to meet group plan minimums. Leeway makes managing ICHRA simple and scalable, empowering employers and brokers to deliver modern, personalized health benefits. Learn more schedule time today: https://lnkd.in/errsXuE4

ICHRA is an Individual Coverage Health Reimbursement Arrangement. It is a group health plan that allows employers to set a predetermined monthly contribution for employees to select & purchase their health insurance. Employees select car and home/renters insurance. Why would they not want to choose their own personal health insurance, tailored to their needs? It really does make sense - if you're an employer and want to offer great benefits ICHRA is a strategy that has been working since it's launch in 2020. If you've had an increase in your group plan - you don't have to wait till next year and continue paying high rates for all of 2025 - let's talk about moving to ICHRA now! Leeway we're working with our broker partners and their clients everyday with ICHRA strategy and implementations. Learn more schedule time today! https://lnkd.in/eavH9Bsm

In an Individual Coverage Health Reimbursement Arrangement (ICHRA), the employee's contribution towards the cost of coverage remains "tax efficient" because the amount contributed is done on a pre-tax basis. This means the employee's contributions are deducted from their gross income before taxes are applied, resulting in a lower taxable income. This tax advantage can reduce the overall tax liability for the employee, making their health coverage more affordable. Employer contributions to the ICHRA are considered tax-deductible for the employer. This dual tax benefit system makes ICHRA an attractive option for both employers and employees, promoting tax efficiency in managing healthcare expenses. Learn more about all the ICHRA advantages, our team Leeway is ready to help businesses to implement an ICHRA for 2025. Don't wait another year to see the benefits of moving to an ICHRA! https://lnkd.in/eavH9Bsm