Thatch operates a health benefits platform that restructures how employers provision healthcare coverage. Rather than offering standardised group plans, the platform uses Individual Coverage Health Reimbursement Arrangements (ICHRAs) to let employers set a budget while employees select their own insurance plans from available carriers, tailoring coverage to individual needs.
The platform integrates with any payroll provider and can be configured in five minutes. Employees access a curated marketplace of over 100 health and wellness services, all payable through the same tax-free allowance as insurance premiums. Those who spend less on coverage receive a Thatch Visa debit card for qualified medical expenses, converting potential savings into accessible funds.
Ask Thatch, an AI-powered support service available around the clock, handles compliance questions, expense verification and account management. The system automates much of the administrative complexity traditionally associated with benefits administration, from compliance workflows to expense verification, while maintaining integration with existing payroll infrastructure.
