Thatch: Helps Businesses Offer Better, More Flexible Healthcare to Employees

Circumnavigating the intricacies of healthcare coverage can be an unnerving task for employers and employees alike. Adam Stevenson and Chris Ellis, the co-founders of Thatch, understand this challenge too well. During their journey toward founding Thatch, their personal experiences and interactions with cancer patients led them to recognize the blatant issue of healthcare affordability. Motivated to find a solution, they embarked on a mission to revolutionize health benefits through Thatch.

In their quest to address the financial burdens associated with healthcare, Stevenson and Ellis delved deep into the complexities of modern healthcare coverage. They discovered the complexity associated with healthcare payment systems such as HSA, FSA, and HRAs. They unearthed the potential of the Individual Coverage Healthcare Reimbursement Arrangement (ICHRA), a law enacted in 2020. This eye-opener laid the groundwork for Thatch’s mission to simplify healthcare coverage for businesses and employees.

Thatch's platform, developed by top-tier engineers, offers a tech-forward solution for businesses of all sizes. It simplifies the setup and management of ICHRAs, making the transition from traditional group plans more seamless than ever before. Businesses can now sign up within minutes, set budgets, and provide their teams with comprehensive health and wellness benefits.

However, what genuinely sets Thatch apart is its convenience and ability to save businesses valuable time and money. By simplifying benefits management, Thatch removes the need to hire dedicated personnel, thus reducing significant overhead costs. Employers can use Thatch’s software to determine allowances, resulting in meaningful savings without compromising on coverage. Utilizing advanced software algorithms to determine allowances based on extensive data sets, Thatch enables most employers to achieve noteworthy cost savings without risking the comprehensiveness of their benefit plans.

Moreover, Thatch eases the administrative burden associated with typical benefit methods. Employers can bid farewell to laborious tasks like open enrollment and broker communications as Thatch condenses hours of work into mere minutes per year. This efficiency boosts productivity and enhances employer appeal, allowing them to attract and retain top talent with customizable benefits packages.

Thatch empowers employers to differentiate themselves in the talent market, and the ability to tailor benefits to individual preferences enhances employee satisfaction and aids in talent attraction and retention efforts. With Thatch, employers can confidently assure job candidates that they have the flexibility to choose benefits that align with their needs and preferences, creating a more positive employer brand image. Through its tech-forward approach, Thatch is transforming health benefits for businesses, providing unparalleled savings and employee satisfaction.

Thatch is effectively pioneering a future where businesses can join in just five minutes and allocate a budget. Employers can fully activate their teams’ comprehensive health and wellness benefits without requiring direct human interaction. This innovation is unprecedented in the realm of health benefits, making it obvious why Thatch is appealing to companies across diverse sectors. The platform is reshaping the world of health benefits for businesses, offering a strategic blend of technology, affordability, and efficiency. As a testament to its impact, Thatch stands as an example of originality within the healthcare industry, providing a compelling solution to the long-standing challenges of healthcare coverage.

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