Health benefits platform Thatch reaches $1B valuation as healthcare costs surge
Thatch helps employers control healthcare spending by using an Individual Coverage Health Reimbursement Arrangement to let companies fund employees’ individual insurance plans through a personalized marketplace instead of a single group plan.
MAIN POINTS
- Thatch offers an individual plan marketplace for employee healthcare.
- Employers use an Individual Coverage Health Reimbursement Arrangement.
- Companies fund workers’ own insurance plans directly.
- The model replaces one company-wide plan with individualized coverage.
TAKEAWAYS
- Employers can better manage healthcare costs with this approach.
- Employees gain access to plans tailored to their own needs.
- The funding structure shifts from group coverage to reimbursement.
- Insurance choice becomes more flexible than traditional employer plans.