Protect Your People
We offer four types of health insurance options. The right choice depends on your employee count, goals, company culture, and risk tolerance.
ICHRA
An ICHRA (Individual Health Coverage Reimbursement Arrangement) was made possible by a 2019 federal rule and went into effect Jan 1, 2020. Some think of ICHRA like a 401k for healthcare, where an employer sets a defined monthly contribution for health coverage based on employee class, age, and location. In some states and situations, switching to an ICHRA brings 10+% cost savings. An ICHRA is worth exploring if these apply to you:
- Want to give maximium choice and control to your people- they select the carrier and plan they want
- Want a predictable budget and control over year to year cost increases
- Are offering employee sponsored coverage for the first time
- Have a large number of remote employees across state lines
- Want the tax advantages that come with traditional insurance
1-300 EMPLOYEES
Small Group
We have appointments with all the major carriers, including Regence, Moda, PacificSource, Kaiser, Aetna, Cigna and United. With small group, your rate is based on a composite of employee age and location only (community rating). We recommend shopping for the best rates every year.
3-50 EMPLOYEES
Large Group
Large group is similar to small group except that insurers take into account your organization's claims experience into rates. So you may be able to save money by encouraging healthy behaviors and smarter healthcare utilization.
51-300 EMPLOYEES
Self-Insurance
In most cases partial self-insurance delivers you the greatest costs savings and maxium control over your plan design. It's not as scary as some think. You buy stop loss insurance at a specific individual amount. For example, if you select $25,000 you pay individual claims up to this amount, and then the stop loss insurer pays for amounts exceeding this number. The higher the stop loss number, the lower the stop loss monthly premium. You can also buy aggregate stop loss insurance that limits the total amount your group pays per year.
100+ EMPLOYEES
Maximum Choice
You have a diverse workforce. Offer a range of plans that meet each person's needs and wants.
Max
Has an 11 year old son who needs braces. Max selects an HSA plan with employer contribution. He saves up enough to cover 75% the cost of orthodontia.
Lucia
Managing a chronic health condition. Lucia selects a plan that has her doctor and hospital in-network with reasonable co-pays for office visits.
Kayleigh
Planning to start a family this year. She selects a plan with the lowest out of pocket maximum.
HSA Plans
We recommend all employers offer one plan that's HSA compatible.
Health Savings Accounts let your people save up for a planned or unplanned medical expense, allow spending on medical services not covered by an insurer, and money can be invested.
2025 federal legislation expanded use of HSAs
- All Bronze marketplace plans
- Telehealth visits
- Direct Primary Care
Radical Access to Care
Impossible Benefits has partnerships with leading AI health services, virtual care, and Direct Primary Care (DPC).
All designed to empower your people to take charge of their health and get same day human doctor care when they need it.
