# Premium Payment Manager | The Reimbursement Solution for ICHRA Plans > Delivering a cutting-edge payment reimbursement solution that combats ICHRA administrative burdens while operating like the traditional plans we’re used to. --- ## Pages - [ichra-nomics - The Rise of ICHRA Adoption](https://premiumpaymentmanager.com/resources/ichra-nomics-infographic/) - [ichra-nomics](https://premiumpaymentmanager.com/resources/ichra-nomics/): ICHRA-nomics Breaking down the latest innovation in company-funded health benefits. Main Menu Menu What is an ICHRA? The Rise of... - [Brokers](https://premiumpaymentmanager.com/how-it-works/brokers/): ICHRA Payment Automation Designed for Brokers Eliminate the reimbursement burden and provide employers and employees the experience they desire. GET... - [Resources](https://premiumpaymentmanager.com/resources/): ICHRA Simplified From headlines to innovations, stay up-to-date with the latest developments in ICHRA administration, compliance and Premium Payment Manager.... - [Get Started](https://premiumpaymentmanager.com/get-started/): Let’s talk payment automation Ready to maximize the value of an ICHRA offering with Premium Payment Manager? Are you a... - [Home](https://premiumpaymentmanager.com/): Simplify ICHRA reimbursement Make your ICHRA offering work like a traditional plan by adding payment automation SEE HOW IT WORKS... - [How it Works](https://premiumpaymentmanager.com/how-it-works/): Goodbye clunky reimbursement One seamless solution for ICHRA payment automation designed to work with any existing plan GET STARTED Simplify... --- # # Detailed Content ## Pages - Published: 2023-10-18 - Modified: 2023-12-11 - URL: https://premiumpaymentmanager.com/resources/ichra-nomics/ ICHRA-nomics Breaking down the latest innovation in company-funded health benefits. Main Menu Menu What is an ICHRA? The Rise of ICHRA AdoptionICHRA AdministrationICHRA Payment AutomationHow Does ICHRA Payment Automation Work? Expand Affordable Healthcare Coverage with ICHRA What is an ICHRA? An ICHRA (Individual Coverage Health Reimbursement Arrangement) is a company-funded health benefit that reimburses employees for valid healthcare expenses such as monthly premiums, copays, and other qualified medical expenses, up to the plan allowance. Similar to how the 401(k) was introduced as an alternative to pensions, ICHRAs shift the paradigm from “defined benefit” to “defined contribution”. ICHRAs allow employers to give tax-free reimbursements for premiums to employees who enroll in health insurance through the individual marketplace (and Medicare). This plan allows employers to establish a more affordable and predictable annual healthcare budget and define the healthcare benefit paid to employees. Originally created under the Trump administration in 2019, ICHRAs were meant to help control costs and address ACA compliance, and became available as of January 2020. Employers of any size can offer an ICHRA if they have one employee who isn’t a self-employed owner or the spouse of a self-employed owner. (For more information, read IRS guidance. )As a cost-effective alternative for employers and expanding the freedom of choice to employees, the final rule from 2019 by the Internal Revenue Service, the Employee Benefits Security Administration, and the Health and Human Services Department estimated 11. 4 million employees would receive coverage through an ICHRA by 2029. This new dynamic among... --- - Published: 2023-06-10 - Modified: 2023-07-04 - URL: https://premiumpaymentmanager.com/how-it-works/brokers/ ICHRA Payment Automation Designed for Brokers Eliminate the reimbursement burden and provide employers and employees the experience they desire. GET STARTED ICHRA ADOPTION HAS TRIPLED SINCE 2020 Offering an ICHRA solution to your Employer groups? Premium Payment Manager can help you solve the accompanying administrative and reimbursement burden BEFORE it becomes a headache. Automated Make carrier payments without cumbersome paperwork and employee involvement Compliant Easily meet substantiation and regulatory requirements and make payroll adjustments Flexible Payment options designed to meet the needs of any carrier's payment preferences ADAPTABLE The ability to work with any broker or administrator and their ICHRA offering, regardless of platform PREMIUM PAYMENT MANAGER A turnkey solution For employer adoption, reimbursement has been the greatest challenge —until now. ICHRAs can feel more like a traditional group plan. PPM is an automatic, self-regulating reimbursement platform essential for helping Brokers solve the administrative and reimbursement burden associated with an ICHRA. API integration Automated carrier payments Flexible carrier payment methods Real-time funding reports Regulatory compliance Reimbursement documentation GET STARTED Incredibly simple implementation With our turnkey solution, implemention is completed within a week with three simple steps. We'll conduct an information gathering session to collect background like employee premium enrollment information We'll conduct an information gathering session to collect background like employee premium enrollment informationOur team will configure your PPM user setup by profile requirements Our team will configure your PPM user setup by profile requirements We'll conduct a training session to get you up and running and, of course, be... --- - Published: 2021-08-04 - Modified: 2023-11-06 - URL: https://premiumpaymentmanager.com/resources/ ICHRA Simplified From headlines to innovations, stay up-to-date with the latest developments in ICHRA administration, compliance and Premium Payment Manager. WHAT IS ICHRA? A new model for employer-sponsored health insurance Individual Coverage Healthcare Reimbursement Arrangements (ICHRAs) Allow employers to offer tax-free reimbursements to employees for insurance premiums when enrolled in a health plan through the individual marketplace. However, paying multiple carriers, plans and coverage for individual employees can be a huge administrative burden. THE FUTURE The new 401k? By shifting the paradigm from “defined benefit” to “defined contribution,” ICHRA could become the greatest shift in how employees access health insurance since employer-sponsored group health plans. Employer Benefits Greater budget/cost controlMakes the healthcare benefit budget predictable and doesn’t fluctuate based on premium rates Reduced administrative complexityEliminates the burden and stress that comes with plan design and yearly renewals New benefits for new employeesGives employers a new way to offer benefits to employees that may otherwise not receive any Employee Benefits Freedom of choiceEmployees have wider range of plan options than typically found in group health plans Plan portabilityUnlike traditional group plans, the coverage is tied to the employee rather than the employer Tax advantagesPremium reimbursements do not count toward an employee's taxable wages ECHO Introduces Automated Payment Solution to Ease the Premium Reimbursement Burden of Individual Coverage Health Reimbursement Arrangements (ICHRAs) ECHO Health’s Premium Payment Manager relieves the heavy administrative burden of ICHRA reimbursement and helps ICHRA plans function like traditional health benefits. VIEW THE PRESS RELEASE IN THE NEWS The... --- - Published: 2021-07-21 - Modified: 2022-03-08 - URL: https://premiumpaymentmanager.com/get-started/ Let's talk payment automation Ready to maximize the value of an ICHRA offering with Premium Payment Manager? Are you a broker or administrator looking to integrate PPM into your ICHRA offering? Fill out the form below and a member of our team will be in touch. Are you an employer looking to eliminate your ICHRA reimbursement burden? Have your broker, administrator or enrollment agent contact us. --- - Published: 2021-07-20 - Modified: 2021-12-15 - URL: https://premiumpaymentmanager.com/ Simplify ICHRA reimbursement Make your ICHRA offering work like a traditional plan by adding payment automation SEE HOW IT WORKS The Problem When freedom of choice is a practical burden LEARN MORE We get it. Offering an ICHRA can leave you exhausted, paying multiple carriers, plans and coverage for your individual employees. That's where we come in. Premium Payment Manager, powered by ECHO®, provides an automated payment solution for brokers and administrators to enhance any ICHRA offering. The BURDEN An inefficient reimbursement process The ICHRA reimbursement process can leave you struggling to find time to collect forms, process correctly and store the recurring monthly requests. Employees pay out of pocket for full premium amount Constant “proof of coverage” documentation is required Ongoing monthly paperwork for employee reimbursement and to ensure compliance EXPLORE Features The ANSWER One seamless solution for managing ICHRA reimbursementsA payment automation solution that can be added to any ICHRA so it works like a traditional plan. Employees are removed from the process, alleviating the burden of managing paperwork and allowing time to be spent where it matters most. HOW IT WORKS Automate Carrier Payments Consolidated funding enables appropriate carrier payments without employee involvement Consolidate Payment Reporting Access to real-time funding reports make employee payroll deductions a breeze Eliminate the Paperwork Get out of the day-to-day by eliminating reimbursement requests and/or substantiation documentation Ensure Regulatory Compliance Premium Payment Manager processes adhere to all regulations to ensure “tax-free” status for all reimbursements Payments Simplified™ Powered by ECHO®, with more... --- - Published: 2021-07-20 - Modified: 2026-03-27 - URL: https://premiumpaymentmanager.com/how-it-works/ Goodbye clunky reimbursement One seamless solution for ICHRA payment automation designed to work with any existing plan GET STARTED Simplify ICHRA reimbursement Automated Make premium payments without cumbersome paperwork and employee involvement Compliant Easily meet substantiation and regulatory requirements and make payroll adjustments Flexible Payment options designed to meet the needs of any carrier's payment preferences ADAPTABLE The ability to work with any broker or administrator and their ICHRA offering, regardless of platform Download an overview to learn more about our ICHRA payment automation solution. PPM in action Learn how Premium Payment Manager works in our new product video. We cover how PPM enhances your ICHRA offering, simplifies ICHRA reimbursement and the exact steps we follow to automate your healthcare payments. https://youtu. be/hsRVHjctCM4? si=2lQzbDW9kQpWVj-U PREMIUM PAYMENT MANAGER Familiar process, new options Manage employee premium payments and reimbursement administration without any additional employee burden, just like with a traditional plan. PPM is an automatic, self-regulating reimbursement solution essential for integrating an ICHRA into any offering. API integration Automated carrier payments Flexible carrier payment methods Real-time funding reports Regulatory compliance Reimbursement documentation HOW IT WORKS Incredibly simple reimbursement with payment automation Are you ready to pay all employees’ total premiums through a single monthly ACH payment, deduct their portion through payroll, receive all the proof necessary for IRS deductibility AND keep all the reimbursement administration behind the scenes where it belongs? Employers design an ICHRA plan with a broker, administrator, or enrollment agent of their choice Employers design an ICHRA plan with... --- ---