Thatch
Simplify ICHRA administration with Thatch, offering flexible, budget-based healthcare benefits and seamless implementation for your HR needs.
Product Overview
Thatch streamlines the management of ICHRA by enabling employers to provide adaptable, budget-friendly healthcare perks. Although a few users express a desire for it to include more conventional benefits beyond health coverage, it receives commendations for its smooth setup process, dependable customer assistance, and capacity to connect with current HR systems. Furthermore, the platform adeptly manages intricate employee healthcare requirements with ease.
Product Details
What Is Thatch?
Thatch is a cloud-based platform for benefits administration aimed at U.S. employers who provide health benefits via an Individual Coverage Health Reimbursement Arrangement (ICHRA). This system allows for customizable budget settings to manage healthcare expenses effectively while streamlining payroll deductions for better administrative efficiency. Employees have the flexibility to choose individual insurance plans that meet their specific needs, enabling businesses to meet varied coverage demands without the intricacies associated with group plans.
Thatch Pricing
The software presents two main plans tailored to accommodate businesses of different sizes and compliance needs.
Standard: $45/month/enrolled employee + $50/month company compliance fee
Custom: Custom pricing available
Inquire today for a customized Thatch pricing quote for your organization!
Note: Pricing may change over time.
Thatch Integrations
The Thatch platform is compatible with various systems and services, including:
Gusto HR software
Justworks
Zenefits
QuickBooks
Schedule a Thatch demo to explore more about its integration capabilities.
Who Is Thatch For?
Thatch is suitable for a diverse array of industries and sectors, such as:
Technology and startups
Professional services firms
Healthcare
Non-profit organizations
Financial services
E-commerce businesses
Is Thatch Right For You?
If your organization needs to cater to a remote or multi-state workforce with personalized health benefits, Thatch could be an excellent solution. Its ICHRA-first approach allows employees the liberty to select their own plans while giving employers control over budgets. The integration with payroll and automated compliance features make it particularly beneficial for startups and small HR teams.
If you're still uncertain whether Thatch suits your needs, reach out to our customer support team at info@softwareseekers.com for additional assistance.
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Pros & Cons
Pros
checkSeamless payroll sync with deduction tracking
checkEmpowers employees to choose their plans
checkStreamlined reimbursement and compliance processes
Cons
closeNo phone-based customer support available
closeEnrollment issues led to missed coverage
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Frequently Asked Questions
Thatch integrates with major U.S. payroll providers, including Gusto, QuickBooks, Justworks, and Zenefits.
Thatch is used by U.S.-based businesses of all sizes, especially in tech, healthcare, and professional services, and is ideal for remote or distributed teams.
Thatch offers a Standard plan at $45/enrolled employee/month plus a $50 monthly compliance fee, and a Custom plan for larger organizations. Contact our team for a personalized Thatch cost estimate.
No, Thatch does not have a dedicated mobile application.
Yes, Thatch offers a suite of APIs through “Thatch for Platforms” to embed and manage ICHRA benefits within other products.
Thatch provides email support, help documentation, and platform guidance.
The platform is primarily available in English.
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