Thatch Raises $40M to Revolutionize Employee Health Benefits
Thatch secures $40M to transform employee health benefits, giving workers more control over healthcare choices.
Matilda
Thatch Raises $40M to Revolutionize Employee Health Benefits
Thatch, a startup reshaping health insurance for employers and employees, has secured $40 million in Series B funding led by Index Ventures. Existing investors like Andreessen Horowitz (a16z) and General Catalyst also participated, bringing Thatch’s total equity funding to $84.5 million since its launch in 2021. Image:Google A New Approach to Health Benefits Thatch simplifies Individual Coverage Health Reimbursement Arrangements (ICHRA), a relatively new option that allows employers to fund employee health insurance. Unlike traditional HRAs, which only cover medical expenses, ICHRA lets employees use funds for insurance premiums as well. This flexibility empowers employees to choose their own healthcare plans, whether it’s a Kaiser HMO, United PPO, or other options, while also covering additional medical expenses. How Thatch Stands Out The platform provides a marketplace for employees to select health plans, along with a debit card for managing leftover funds. With many users saving an av…
