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Company health
Thatch description
Thatch is a health benefits platform designed for US-based companies. It simplifies benefit administration by letting companies set a healthcare budget for employees. Employees then choose their own health insurance, dental, vision and other healthcare expenses within that budget. Thatch uses ICHRAs (Individual Coverage Health Reimbursement Arrangements) to manage this process. Unspent funds are loaded onto a debit card for other healthcare costs. Thatch offers easy setup, payroll integration, and 24/7 AI support via ThatchBot. It aims to be more flexible and personalized than traditional group health plans.
Who is using Thatch?
Who is Thatch best for
Thatch is ideal for mid-sized companies that want a modern and cost-effective health benefits solution. We find that companies value the flexibility of setting a healthcare budget for employees, who can then choose their own plans. It is particularly useful for companies comfortable with technology and looking to reduce administrative tasks. Thatch's streamlined processes and AI support make it a great fit for these businesses.
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Perfect for mid-sized companies (100-1000 employees) seeking modern, flexible, and cost-effective health benefits.
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Great for companies in healthcare, wellness, and pharma who want to offer personalized healthcare and streamline benefits administration.
Thatch features
Supported Personalized healthcare with ICHRA: Thatch enables a personalized healthcare experience for employees using ICHRA (Individual Coverage Health Reimbursement Arrangement). This allows companies to offer health benefits by setting a budget for employees to spend on healthcare. |
Supported Set a healthcare budget: Employers can set a specific budget for their employees to spend on healthcare benefits. This provides control over costs while still offering valuable benefits. |
Supported Employee choice of insurance plans: Employees can choose health, dental, and vision insurance plans from a variety of top carriers directly through the Thatch platform. This gives employees the freedom to select the plans that best meet their individual needs. |
Supported Budget allocation for healthcare: Employees can allocate their budget across different healthcare options, combining their preferred health insurance plan with other benefits and costs. This allows for a customized approach to healthcare spending. |
Supported Thatch Visa debit card: Thatch provides a Visa debit card for healthcare costs, such as prescriptions, copays, and therapy, if employees spend less than their budgeted amount on insurance. This gives employees access to funds for out-of-pocket healthcare expenses. |
Supported AI-powered ThatchBot: ThatchBot is an AI-powered service available 24/7 to answer questions about compliance, expenses, and account help. This provides employees with immediate support and guidance. |
Supported Works with all payroll providers: Thatch works seamlessly with all payroll providers and insurance plans, simplifying the implementation process for employers. |
Thatch pricing
See the Thatch pricing page.
Fully automated benefits administration, seamless payroll integration, automated HIPAA and compliance documentation, AI-Driven insights & enrollment support, autopayment of insurance premiums, Thatch debit card for healthcare purchases
Everything in the Standard Plan plus: ACA compliance for large employers, plus COBRA, white glove implementation support, dedicated client success manager
Thatch alternatives
Thatch FAQ
Thatch is a health benefits platform for US companies designed to simplify and personalize healthcare. We find that it lets companies set a healthcare budget for employees, who then choose their own insurance and other healthcare expenses. Any leftover funds are loaded onto a debit card for additional healthcare costs.
What is Thatch and what does Thatch do?
Thatch is a health benefits platform for US companies designed to simplify and personalize healthcare. We find that it lets companies set a healthcare budget for employees, who then choose their own insurance and other healthcare expenses. Any leftover funds are loaded onto a debit card for additional healthcare costs.
Thatch integrates with all payroll providers and insurance plans, making setup and ongoing administration easy for employers. It also works with a Visa debit card to manage unspent employee healthcare budgets. Thatch built its own AI support tool, ThatchBot, for 24/7 assistance.
How does Thatch integrate with other tools?
Thatch integrates with all payroll providers and insurance plans, making setup and ongoing administration easy for employers. It also works with a Visa debit card to manage unspent employee healthcare budgets. Thatch built its own AI support tool, ThatchBot, for 24/7 assistance.
We find that Thatch's main competitors include Paycom, Angle Health, Lively HSA, ThrivePass, Forma, and Benepass. These platforms offer similar services such as streamlined benefits administration, flexible spending options, and personalized healthcare choices.
What the main competitors of Thatch?
We find that Thatch's main competitors include Paycom, Angle Health, Lively HSA, ThrivePass, Forma, and Benepass. These platforms offer similar services such as streamlined benefits administration, flexible spending options, and personalized healthcare choices.
Thatch appears to be a legitimate health benefits platform. We find that their use of ICHRAs and focus on employee choice are valuable features. However, declining website traffic raises some concerns. Their significant employee growth may indicate investment in development and expansion.
Is Thatch legit?
Thatch appears to be a legitimate health benefits platform. We find that their use of ICHRAs and focus on employee choice are valuable features. However, declining website traffic raises some concerns. Their significant employee growth may indicate investment in development and expansion.
Thatch's Standard plan is $45 per user per month, plus a $50 monthly compliance fee per company. For companies with 50+ employees, pricing is custom. Contact Thatch for a quote tailored to your business needs.
How much does Thatch cost?
Thatch's Standard plan is $45 per user per month, plus a $50 monthly compliance fee per company. For companies with 50+ employees, pricing is custom. Contact Thatch for a quote tailored to your business needs.
We don't have any customer reviews about Thatch's customer service at the moment. Therefore, we can't comment on the quality of their support.
Is Thatch customer service good?
We don't have any customer reviews about Thatch's customer service at the moment. Therefore, we can't comment on the quality of their support.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.