Health insurance startup Thatch has raised $40 million in Series B funding to help employers offer Individual Coverage Health Reimbursement Arrangements (ICHRA).
Thatch marketplace allows employees to choose from different health insurance options and offers a debit card for spending the remaining balance.
The ICHRA rule allows customization of business health benefits based on factors like hours worked and geographical location, enabling tailored health plan offerings.
Research indicates that women face challenges when paying for healthcare, with healthcare bills being a major reason for financial difficulties.