Thatch, a startup revolutionizing the health insurance landscape, has secured $40 million in Series B funding, attracting notable investors including Index Ventures and Andreessen Horowitz. Since its inception in October 2021, Thatch has raised a total of $84.5 million. The company focuses on helping employers implement Individual Coverage Health Reimbursement Arrangements (ICHRA), which allow greater flexibility in employee health insurance options compared to traditional HRAs. Employees can receive funds to purchase individual insurance and manage out-of-pocket expenses, fostering a more personalized healthcare experience.
Thatch aims to revolutionize health insurance for employers and employees, raising $40 million in Series B funding for their innovative Individual Coverage HRA services.
The ICHRA model allows for more flexible health insurance funding, letting employees allocate funds to individual plans and medical expenses, unlike traditional HRAs.
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