ICHRA vs TMH Group🎯
📊Which option fits your workforce best?
Two Different Approaches
Both ICHRA and TMH Group help workers including full-time, part-time, seasonal, variable-hour, and 1099 contractors access individual health coverage. ICHRA does this through employer funded reimbursement while TMH Group coordinates access to licensed professionals for ACA Marketplace coverage.
TMH Group Focus ✨
TMH Group was designed for employers who want simplicity, flexibility, and coverage access support for a wide range of workers without complex premium funding or reimbursement administration. TMH Group does not fund premiums, reimburse claims, or operate as an HRA.
📊Quick Comparison⚡
See which solution fits your needs 🎯
ICHRA
Employer-funded health reimbursement arrangement with pre-tax benefits 📋
✅ Best for:
Employers wanting to reimburse coverage tax-free and fund benefits for full-time staff
TMH Group
⭐ RecommendedProgram that coordinates access to licensed professionals who manage enrollment and support, with no premium or claim reimbursements handled by TMH Group. Employers should confirm compliance requirements with their advisors.
✅ Best for:
Employers with full-time, part-time, seasonal, 1099, or variable-hour workers who want a compliance focused solution without employer premium funding
📋Detailed Comparison🔍
| Feature | ICHRA | TMH Group Program |
|---|---|---|
| 💰Employer Cost | Employer funds reimburse premiums pre-tax. | 🎉 Predictable Pricing Workforce Support Access Fee per eligible worker for workforce support access. TMH Group does not fund premiums or claims and does not reimburse premiums. |
| 📋Administration | Requires notices, class setup, affordability tests, and reimbursements. | ✨ Streamlined No premium or claim reimbursements. TMH Group coordinates access while licensed professionals handle insurance interactions. Designed to reduce filing burdens, but employers should confirm requirements with their legal and tax advisors. |
| ⚖️Compliance Exposure | Governed under HRA and ERISA rules. | 🎯 Simplified Employer arranged workforce support program that is not intended to operate as a group health plan or HRA. Employers should confirm ERISA and tax classification with their advisors. |
| 💸Subsidy Impact | Employer contribution may cancel ACA subsidies. | 💚 Subsidy Friendly Structured to help workers preserve potential ACA subsidy eligibility depending on income and Marketplace rules. |
| 👥Who It Fits Best | Employers funding coverage for full-time staff. | 🌟 All Worker Types Employers with part-time, seasonal, 1099, or variable-hour workers. |
| 🔗Integration with Group Plan | Must separate worker classes by regulation. | 🤝 Flexible Can complement an existing group plan for non-benefited staff. |
💡Why Employers Choose TMH Group⭐
Employers across the country trust TMH Group 🚀
Predictable Costs
Lower cost alternative to sponsoring a group plan or administering an ICHRA reimbursement program
Every Worker Type
Coverage access support for full-time, part-time, seasonal, variable-hour, and 1099 workers as defined by the employer.
Subsidy Friendly
Structured to help support potential ACA subsidy eligibility depending on income and Marketplace rules.
Licensed Professionals
Insurance guidance, enrollment, renewals, and support are managed end-to-end by licensed professionals working with the program. TMH Group itself does not provide insurance advice or enroll workers in coverage.
Simplified Compliance
Reduces compliance burden and streamlines reporting requirements
💡Bottom Line📌
ICHRA
Works well for employers wanting to reimburse coverage tax-free and manage benefits for full-time workers.
TMH Group⭐ Recommended
Works best for employers who want a lower-cost, compliance focused way to extend coverage access support to additional workers…