With traditional group insurance, employees typically have just a few plans to choose from, none of which are a guaranteed fit. As a result, many women are forced onto a plan that fails to meet their medical needs, leaving them with high costs but still missing the support that matters most.
By switching group insurance to an Individual coverage health reimbursement arrangement (ICHRA), companies can provide the flexible and affordable benefits that meet women where they are.
One-size-fits-all group insurance, selected by employers, no longer makes sense for female employees with unique and ever-evolving health needs. As employers across sectors embrace this new, flexible approach, more women stand to benefit from customizable coverage.