A common question that employers consider when evaluating employee benefit options for employee healthcare is how competing employers design their Total Compensation mix. Recent years have brought an additional dimension to many employers’ benchmarking processes, as they evaluate the cost-benefit of Employee-Centric Designs, including ICHRA strategies, as well as whether to drop coverage altogether and concentrate Total Compensation resource allocations towards cash.

One tool valuable to clients of Valhalla Business Advisors is the Ideon choropleth map. This map enables an evaluation of the relative advantage/disadvantage of individual vs small group plan rates based upon age and metal level on a per-county basis across the United States.

The Kaiser Family Foundation tracks employee benefit trends in its annual Employer Health Benefits Trend Survey. Trends specific to ICHRA solutions can be found on pages 58-61. While broad adoption seems unlikely across the United States in the short-term, there appear to be pockets of higher rates of adoption in certain markets, such as NY-Metro, Atlanta-Metro, and LA-Metro, and the Twin Cities.

Valhalla Business Advisors is dedicated to offering specialized services to our commercial clients so they can navigate all options available with confidence. As the solution set available to employers continues to expand, Valhalla continues to curate and, when necessary, build solutions for our clients to ensure they are positioned to attract and retain the talent they require. Our expert team is here to guide you through every step. To explore how we can support your organization’s needs, please don’t hesitate to contact Stuart or Jens for a detailed discussion.