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ICHRA Affordability Calculator

ICHRA’s are hot! Determining the affordability of an ICHRA is a key element of ICHRA plan design and ongoing compliance. Yet these calculations are complex and time consuming. Vericred’s ICHRA Affordability Calculator does all of the heavy lifting for these calculations.

How It Works

Simply pass your group information and employee census to the Affordability Calculator and the API will respond, under various scenarios, with the minimum employer contribution necessary for an “affordable ICHRA”, the benchmark plans and premiums used in the calculations, and a subsidy estimation for each family if they chose to opt out (small group only) of an ICHRA.

Key Variables

Plan Year

The API can use both current and prior plan years as the basis of its calculations as is allowed under the rules.

Employee Location

Calculations are performed for two scenarios: office location and employee home location.

Safe Harbors

Calculations are performed for two scenarios: household income and the Federal Poverty Level (FPL)

API Calls and Responses

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API Calls

  • Group information and census
  • Plan year Current or prior
  • LocationWork or home
  • Effective date
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API Returns

  • Group minimum employer contribution
  • Minimum employer contribution for each employee
  • Benchmark plan name, ID and premiums

Use Cases

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