Will I be charged for terminated employees?
Nope. We reach out to terminated employees to ensure that they understand what the next steps are in order to maintain access to their health insurance. Since they will no longer be associated with your account, you won’t be charged a monthly administration fee for that employee or any reimbursement amount for them.
When an employee is terminated, our platform will request the employee’s personal email address so we can reach out to them directly about next steps regarding their health coverage and to remind them that they will no longer be receiving the ICHRA allowance from the employer. We then send a letter to the employee outlining their options, which typically include:
- Keeping their current health plan
- Cancelling the plan
- Contacting HealthCare.gov or their state marketplace about subsidies if their income has changed