How much do ICHRA companies charge?

Most charge a per-employee-per-month (PEPM) administration fee, sometimes with a small base fee. Pricing varies, so compare what’s included — especially employee enrollment support.

Do I need both a broker and an administrator?

Not strictly, but many businesses do best with both: the administrator handles compliance and payments, the broker ensures the plan design and employee coverage are right.

Commercial

Best ICHRA companies & administrators

“ICHRA companies” usually means the administrators and platforms that run the arrangement — handling compliance, employee enrollment, and reimbursements. Here’s what they actually do, what separates a good one, and how a broker fits in.

Key facts

What they do: Compliance, enrollment, reimbursements
Typical pricing: Per-employee-per-month (PEPM)
Broker role: Independent guidance + plan selection
Key differentiator: Employee enrollment support

What ICHRA companies actually do

Set up a compliant plan document and required employee notices.
Verify employees’ individual coverage (substantiation).
Process tax-free reimbursements, often integrated with payroll.
Provide a portal for employees to enroll and submit expenses.

The main types of ICHRA provider

The market splits into software-first administrators (you self-serve a platform), full-service administrators (they run it for you), and brokers (independent advisors who help you choose a setup and guide employee enrollment). Many businesses use a broker plus an administration platform together.

How to choose an ICHRA company

Enrollment support: do they actually help your employees pick plans, or just hand them a portal?
Compliance depth: plan documents, substantiation, and notices handled end to end.
Pricing transparency: clear PEPM with no surprise setup fees.
Payroll integration: reimbursements that flow through your existing payroll.
Multi-state capability: important if your team is spread out.

Where a broker fits

A platform administers the plan; a broker makes sure it’s the right plan and that your employees end up with coverage they’re happy with. As an independent broker, we’re plan- and platform-agnostic — we recommend the setup that fits your business, not the one that pays the highest referral fee.

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Frequently asked questions

An ICHRA administrator (company/platform) runs the back-office mechanics — documents, substantiation, reimbursements. A broker is an independent advisor who helps you choose the setup and guides employee plan selection. They’re complementary.

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