What happens if my plan costs more than my employer’s contribution?
If your plan is more expensive than your monthly allowance, the difference will be automatically deducted from your paycheck, usually pre-tax.
How much money do I get through the ICHRA?
Your employer decides the monthly allowance amount. You’ll see your specific allowance in the BEN360 portal when you log in to shop for plans.
Who can be covered under an ICHRA?
You can cover your spouse and dependents on the insurance plans you purchase with the help of your company’s ICHRA contribution. Furthermore, depending on your employer’s plan, you may be offered more money for each dependent added to your plan. Who counts as a dependent? Eligible dependents can include: Your child. There is no need […]
What’s the difference between ICHRA and group health insurance?
With a group plan, your employer chooses one plan for everyone. With an ICHRA, you choose the individual health plan that works best for you, and your employer gives you a monthly allowance to help pay for it.
What is an ICHRA and how does it work?
What is an ICHRA? An Individual Coverage Health Reimbursement Arrangement (ICHRA) is an employer-funded benefit that reimburses employees, tax-free, for health insurance they buy on their own. Your employer sets a monthly allowance, you choose the individual plan that fits you and your family, and you’re reimbursed up to that amount. How an ICHRA works […]
What is a Qualifying Life Event?
A qualifying life event is a change in your situation, like getting married, having a baby, or losing health coverage. Specific qualifying events include: Changes in household You may qualify for a Special Enrollment Period if in the past 60 days you or anyone in your household: Got married. Pick a plan by the last day of the […]
Attesting to Medicare Coverage
If you are age 65 or older, BEN360 will automatically recognize your age and guide you into the Medicare attestation flow. This process follows the same basic steps as standard enrollment, but is tailored for individuals who are eligible for or enrolled in Medicare. In this flow, you’ll be asked to confirm your Medicare […]
Step-by-step guide on how to enroll in a health plan
The BEN360 benefit platform will guide you through the necessary steps to select your health insurance. If you’ve just been invited to get health insurance, first activate your account by following the instructions found here: Registering your BEN360 account. If you are enrolling in Medicare, please visit our Medicare instructions here: Attesting to Medicare Coverage. […]
Registering your BEN360 account
When your employer invites you to BEN360, you’ll receive a Welcome Email with a link to get started. Follow these steps to register your account: 1. Open your Welcome Email Look for an email from Benafica/BEN360 titled “Welcome to BEN360”. Inside, click the “Let’s Go” button to begin your registration. 2. Set Your Password You’ll […]