CHOICE Arrangements lets employers set a fixed allowance while employees choose ACA Marketplace health plans.
CHOICE Arrangements - Research Notes
CHOICE Arrangements is the name Oscar currently uses for its employer health-reimbursement offering; the company’s employer FAQs say the arrangement was previously known as ICHRA. Oscar’s current pages describe a defined-contribution approach in which employers establish allowances and employees select individual coverage.
Oscar’s FAQ identifies ICHRA as a type of Health Reimbursement Arrangement created in 2020. That date refers to the underlying arrangement type, not a verified Oscar launch date. Oscar’s corporate history separately places the company’s first small-business plan partnership in 2017, without attributing that event to the current CHOICE offering.
Oscar presents CHOICE Arrangements as an employer health-benefit option based on a defined allowance rather than a single employer-selected plan. Employees use the allowance to select individual coverage available in the ACA marketplace, and Oscar’s materials describe the offering for small businesses as well as large organizations.
Oscar states that the arrangement was previously called ICHRA and that an employer generally works with a broker or an administration platform to design and manage implementation.
