Thatch builds a modern health benefits platform that transforms how employers offer healthcare. The company uses Individual Coverage Health Reimbursement Arrangement (ICHRA) to let businesses set a budget while empowering employees to choose their own health insurance plans from top carriers. This approach replaces one-size-fits-all group plans with personalized benefits that fit each employee's unique needs and circumstances.
The platform integrates a curated marketplace of over 100 health and wellness services, all accessible through the same tax-free allowance. Employees who spend less on insurance receive a Thatch Visa debit card for qualified medical expenses. The system features Ask Thatch, an AI-powered service available 24/7 to help with compliance questions, expense verification, and account support. Thatch works seamlessly with any payroll provider and requires just five minutes to set up, eliminating the administrative burden of traditional benefits administration.