Priority Launches Ambient for ICHRA Plan Administration and Payments
ICHRAs are an employer-funded health benefit that allows employers to reimburse employees tax-free for individual health insurance premiums and qualified medical expenses.
“ICHRAs are experiencing rapid growth in the
The Ambient platform empowers insurance brokers and third-party administrators (TPAs) to build high margin ICHRA businesses and enables employers to easily establish an ICHRA plan, generate customized plan documents, manage election and substantiation, and streamline payment administration through an employee-low-touch payments loop.
“We’re very pleased to have Ambient in our SMB product lineup,” said Priority CEO Tom Priore. “Helping businesses grow and prosper is in our DNA. ICHRAs are primarily a health benefit, but their structure and flexibility create positive ripple effects for the whole business, from financial management to employee satisfaction.”
For more information about Ambient, visit ambienttpa.com.
About Priority
Priority is the payments and banking solution that enables businesses to collect, store, lend and send funds through a unified commerce engine. Our platform combines payables, merchant services, and banking and treasury solutions so leaders can streamline financial operations efficiently — and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. For more information, visit prioritycommerce.com.
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Media contact: Alison Jones, alison.jones@prth.com
Source: Priority Technology Holdings, Inc.