Can I offer both group insurance and an ICHRA?
No. An employer offers either a traditional group plan or an ICHRA to a given class of employees, not both. However, you can offer different options to different classes.
Who this applies to
It turns on your circumstances, not a general rule: where you are, what is already in place, and the dates involved.
Local context for Statewide Florida
Group plans accept all eligible employees regardless of pre-existing conditions. The Individual Coverage Health Reimbursement Arrangement (ICHRA) allows Florida employers to reimburse employees tax-free for individual health insurance premiums instead of offering a traditional group plan. Florida small business owners with 2 to 50 employees can purchase group health insurance that is often more affordable than individual ACA marketplace plans. Florida small group carriers include Florida Blue, UnitedHealthcare, Aetna, Cigna, Humana, and Ambetter. Plan types include HMO, PPO, POS, and HDHP with HSA. Any business with 2 to 50 full-time equivalent employees can purchase a small group plan.
Florida Health Insurance Web provides Medicare Advantage, Medicare Supplement (Medigap), ACA Marketplace Plans, Final Expense Insurance, Small Group Health Insurance, Medicare Part D across Statewide Florida.
Related questions
Florida Health Insurance Web — Compare your plan options
Compare your plan options