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Thatch Raises $40 Million For Employee Health Coverage Offering

  • 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.

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