Our Story
We created EnrichlyHealth in response to the legislative changes implemented in 2019 by the Departments of Labor, Treasury, and Health and Human Services. This game-changing legislation created a new way of enabling tax-advantaged health benefits by using the Individual Coverage Health Reimbursement Arrangement (ICHRA).
ICHRA is a catalyst to transformative change in the industry. This innovative benefits model takes over for the traditional group health insurance models of the past, eliminating the ongoing and excessive price increases and the hassle of being in the middle of the buying process or selecting and managing health insurance plans for all your employees.Instead, businesses can provide employees with tax-free funds (a “defined contribution”) and the freedom and power to purchase their own health insurance or health coverages - It’s truly amazing!
Benefits should impact the totality of ones life and employees should be fully enriched. Thus, we give you EnrichlyHealth and we are here to lead the transformation of health and employee benefits for the betterment of all.
What Makes Us Different
The ICHRA legislation changes flooded the marketplace with private equity-backed technology companies chasing profits..... but, they overlooked 2 critical things
#1 – These are not transactions, these are people, and most of these “administrators” miss the mark on employee experience, not recognizing the importance of thoughtfully supporting and guiding employees through a very personal and important financial decision they have to make.
#2 – They are so focused on what fees they can charge and profits they can make that they have overlooked the significance of a properly crafted “defined contribution” benefits strategy unique to each employer. Cookie-cutter models don't cut it, so more often than not, these firms are not creating the best possible outcomes for each employee, based on their unique needs and situation.
Our technology is the most flexible and comprehensive in the market today, but this is not the only thing that sets us apart. We are highly collaborative, focusing on employee experience and working alongside employers and advisors to design the optimal benefit solutions by combining advanced strategies that include:
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Unparalleled Choice; access to every individual health plan from every carrier in the United States
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Combining traditional options (ICHRA/ACA) with non-traditional options (HealthSharing/Co-Ops)
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Embedding Low Cost Virtual & Direct Primary Care; reducing the burden of out-of-pocket costs
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Providing Discounted Prescription Drug Programs
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Enabling Proactive Genetic Health Risk Testing
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and more...
We’re working with employers across the United States to transform healthcare, together—one employee at a time.
