Thatch, a health benefits platform helping employers manage rising healthcare costs through Individual Coverage Health Reimbursement Arrangements (ICHRA), has reached a $1 billion valuation. The model allows companies to fund employees' individual insurance plans rather than enrolling them in a single corporate plan.
Background
ICHRA is a relatively recent IRS-approved model (2020) that has gained traction as employers seek alternatives to traditional group health plans amid rising insurance costs. The trend reflects growing employer interest in shifting more healthcare cost responsibility to employees while maintaining competitive benefits.
- Source
- TechCrunch
- Published
- Sep 16, 2026 at 01:02 AM
- Score
- 6.0 / 10