Wharton Power Insurance

Offering employee health benefits through the ICHRA program can be a game changer for your organization, providing flexibility and potential cost savings.

But how do you go about implementing an ICHRA? We created a step-by-step guide to help you through the process:

📌 Step One: Design Your ICHRA

Define reimbursement amounts, establish the eligibility criteria, and outline eligible expenses and plan categories.

📌 Step Two: Set Employee Classes

ICHRA regulations permit different reimbursement amounts for different classes of employees. Common classes include full-time, part-time, seasonal, or salaried employees.

📌 Step Three: Legal Compliance

Ensuring compliance with relevant regulations is paramount and the W&P Team is here to help.

📌 Step Four: Administration and Maintenance

You'll need a system for seamless reimbursements, maintaining precise records to aid in regulatory compliance and financial audits. You can keep things in-house or work with our ICHRA administrative partner.

📌 Step Five: Employee Education and Support

You've set up the program, now you need to onboard employees. Fortunately, the W&P Team has decades of experience helping our clients educate and support their employees throughout the benefits process!

Interested in learning more? You can find the full guide on our blog: https://www.whartonpowerinsurance.com/a-comprehensive-guide-to-setting-up-an-ichra/

Quiet quitting, remote work, flexible schedules and inclusive environments are just a few examples of the recent vocabulary of employment these days. These new words reflect shifting employee expectations which small and large businesses alike must contend with. The home improvement industry faces some challenges in adopting the way people want to spend their working hours. The fact is, to have something built, repaired, designed, etc., someone has to show up to do it.

How can businesses like yours balance these hands-on customer needs with employee satisfaction? On our blog, we curated some ideas from the experts to help answer that question:

Applying Shifting Employee Expectations to the Home Improvement Industry - Wharton & Power Insurance & Financial Services Wharton & Power Insurance, an independent insurance broker, discusses shifting employee expectations in the home improvement industry.

The workplace is a stressful environment for many employees. With deadlines, repetitive tasks, and pressure from managers, it’s common for the mind and body to feel overwhelmed. Given the prevalence of chronic stress and its impact on today’s workforce, offering an employee a health and wellness plan is one of the most important things you can do for the well-being of your employees and your business.

On our blog, our Wellness Associate and owner of Prescriptive Health Solutions, Dawn Lang, offers a case study demonstrating the benefits a local business has enjoyed by implementing an employee wellness program.

How A Wellness Program Benefits Your Employees - Wharton & Power Insurance & Financial Services Our Wellness Associate, Dawn Lang, offers a case study demonstrating how a wellness program benefits both our business and your employees.