Thatch

We are thrilled to announce our $38M Series A led by General Catalyst and Index Ventures and with participation from other great investors such as Andreessen Horowitz, Avid Ventures, and The General Partnership. We will use these funds to build a brighter future for the U.S. healthcare system, where employers can provide better health benefits for less money, and employees can keep the same great benefits from job to job. Thatch is on a path to being the default platform every forward-thinking company uses to provide health and wellness benefits for their teams. Read more about our announcement here: https://lnkd.in/e5V-sgZH

As more companies offer health benefits—nearly 60% of U.S. companies now provide coverage—understanding what group health insurance actually entails is crucial. With the average annual family premium nearing $24,000, these rising costs prompt many employers to look for alternatives that offer flexibility and cost control. Our latest article breaks down the basics of group health insurance, explains why premiums keep climbing, and explores emerging options like HRAs and ICHRAs. Discover how these models can help you offer more personalized, cost-effective healthcare benefits for you and your team. https://lnkd.in/e6FGWURy

Employee expectations extend beyond salary alone. A robust benefits package makes your company more attractive to prospective employees. But what do these benefits look like? read more: https://lnkd.in/eD6JqiNP

🎉 Going to the Atlanta Small Business Expo? Join us at Booth #217 🎉 Thatch will be attending the SBE on December 11th at the Atlanta Convention Center! Join us and our partners at Ambetter Health to explore innovative solutions in the health benefits space. 📍 Visit us at Booth #217 for a game of ICHRA Trivia and a chance to win amazing gift cards📍 During the Expo, we’re also hosting a workshop, “Introducing ICHRA - A Revolutionary Approach to Health Benefits,” located in Room 4 @ 2:45pm. Be among the first 20 to register and get entered into a raffle for a prize! We can't wait to connect with you! #SBE #ICHRA #HealthBenefits

Small businesses are stuck making impossible choices between supporting their employees and protecting their bottom line. We surveyed small business owners across the country to uncover their biggest challenges around employee benefits and strategies for managing costs. Read more: https://lnkd.in/eUR5iJUk?

Big news today from Thatch: Over 1 million small business owners rely on Intuit QuickBooks for payroll. Starting now each and every one of them will have direct access to Thatch. Through an API integration, businesses can choose an Individual Coverage Health Reimbursement Arrangement (ICHRA) – where tax-free employer dollars allow employees to purchase the individual plan that’s right for them – for health benefits. This will make it incredibly simple for employers to lower healthcare costs while making coverage better. With industry leaders like Quickbooks and Allstate Health Solutions getting onboard and the 400%+ growth we’ve seen for ICHRA plans, even pre-open enrollment, we couldn’t be happier about the momentum heading into 2025. Read more: https://lnkd.in/eTqUBAWT

Trust in doctors has dropped 31.4%, down from 70% just 4 years ago I’ve seen it play out over and over again: 1. A company gets a high quote to renew their insurance 2. They shop around for other options 3. They go with a new carrier to manage insurance costs 4. Employees are forced to find a new doctor More employers are changing insurers than ever, requiring people to rebuild trust in unfamiliar doctors from scratch. Seems the pandemic (and rising healthcare costs) is accelerating this trend (image source: marca)

PSA: today marks the beginning of Open Enrollment!  It's your annual chance to review or change your healthcare coverage for the coming year. Here's a straightforward guide of what you need to know to make sure you're covered for 2025 https://lnkd.in/eZ_PmK8Q

 How did U.S. healthcare become the mess that it is today? Here's our CEO's take:

🚀 Today’s the Day! 🚀 We’re thrilled to be at Intuit Connect at the Aria in Las Vegas! 🎉 Join us and our partners at Allstate as we dive into exciting discussions about innovative healthcare solutions. 📍 Stop by Booth #1 to meet our team, learn how Thatch.ai can transform your healthcare benefits, and discover personalized options tailored to your team's needs. See you there! 🙌 #IntuitConnect #ThatchAI #HealthcareInnovation