The partnerships enable employers to directly reimburse employees for individual health insurance premiums and eligible medical expenses through Individual Coverage Health Reimbursement Arrangements (ICHRAs).

How it Works:

• Employer Flexibility: Businesses of all sizes can implement ICHRAs, providing employees with more control over their healthcare decisions.
• Employee Choice: Employees can choose from a variety of individual health insurance plans, tailoring their coverage to their specific needs and budget.
• Tax Advantages: Employer reimbursements for health insurance premiums are tax-free for both the employer and the employee.

As part of the collaboration, Ambetter Health will introduce a new product, Ambetter Health Solutions, designed to help individuals enrolled in ICHRAs through their employers. This new offering will provide additional support and resources to help individuals navigate the healthcare marketplace.

“Allstate Health Solutions is committed to helping people find the coverage they need for peace of mind,” said Aaron Goddard, President of Allstate Health Solutions. “This includes empowering business owners with affordable small group health options. Offering ICHRA is the next step in that commitment, and we’re excited to collaborate with our partners to support the evolving needs of today’s workforce.”

Intuit QuickBooks customers using payroll subscription services can also access Allstate Health Solutions’ group health insurance platform. The platform provides businesses with a variety of coverage options, including Association plans, ACA alternative plans and traditional ACA plans, including Ambetter Health plans, offered by subsidiaries of Centene Corporation.

The platform is powered by Thatch, a leading online ICHRA platform that simplifies healthcare plan selection. Employees set a budget and Thatch matches them with the plan that best meets their needs. If the selected plan costs less than the allotted budget, employees can use the remaining funds for additional healthcare expenses, such as prescriptions, copays or therapy.

“Thatch saves employers money and administrative time and gives choices about healthcare to the employees, where it belongs,” said Chris Ellis, CEO of Thatch. “With the employer setting a budget, Thatch takes care of the rest, managing every aspect of healthcare administration, streamlining operations, reducing complexity and delivering value.”

Future Health Solutions

In 2025, Ambetter Health will roll out Ambetter Health Solutions, to help individuals offered an ICHRA by their employer access affordable ACA plans. This product will initially launch in select states, including Georgia, Indiana, Mississippi, Missouri, Ohio and South Carolina, with plans to expand to additional states in the future. This collaboration will also introduce Intuit QuickBooks’ employer groups to Ambetter Health’s pre-tax off-exchange health plans, providing small business groups with tailored healthcare solutions.

“ICHRA is an important vehicle for expanding access to affordable healthcare coverage,” said Ambetter Health’s Chief Operating Officer, Katherine Kirby. “This partnership allows Ambetter Health to provide new options for employers and expand the options of high quality and affordable benefit plans employees can choose from.”