Thatch vs. Group Plans: What's best for your business?
Exploring health benefit options for your business? Learn how Thatch compares to group health plans.
What is Thatch
Thatch allows your employees to pick their own health insurance plan using a set monthly tax-free allowance that you determine. These funds can be used to cover insurance premiums, including dental and vision, as well as qualified medical expenses.
$710.00
Todd James
Software Engineer
750
- United Gold PPO$450
- Prescriptions$200
- Function Health Labs$100
Jane Diaz
Account Executive
750
- BCBS Silver HMO$500
- Prenuvo MRI$150
- Carrot Fertility$100
Ming Hu
Account Executive
750
- Oscar Silver Classic$400
- Therapy Copays$200
- Labcorp Diagnostics$150
Emma Green
Data Analyst
475
- Cigna Bronze HSA$300
- Vision Checkup$100
- Gym Membership$75
Liam Clark
Product Manager
750
- Aetna Gold PPO$350
- Physical Therapy$300
- Nutritionist Session$100
Brent Martin
UX Designer
750
- Kaiser Permanente HMO$400
- BetterHelp Membership$250
- Yoga Classes$100
Todd James
Software Engineer
750
- United Gold PPO$450
- Prescriptions$200
- Function Health Labs$100
Jane Diaz
Account Executive
750
- BCBS Silver HMO$500
- Prenuvo MRI$150
- Carrot Fertility$100
Ming Hu
Account Executive
750
- Oscar Silver Classic$400
- Therapy Copays$200
- Labcorp Diagnostics$150
Emma Green
Data Analyst
475
- Cigna Bronze HSA$300
- Vision Checkup$100
- Gym Membership$75
Liam Clark
Product Manager
750
- Aetna Gold PPO$350
- Physical Therapy$300
- Nutritionist Session$100
Brent Martin
UX Designer
750
- Kaiser Permanente HMO$400
- BetterHelp Membership$250
- Yoga Classes$100
Thatch vs group plans
Traditional group plans are costly, rigid, and hard to manage. With Thatch, you set the budget, give employees choice, and eliminate the insurance admin from your to-do list. It's health benefits upgraded for today's teams and budgets.
| Thatch | Group Plans | |
|---|---|---|
Cost Control Set a defined budget for each employee to avoid annual rate hikes | ||
Ease of Administration Shift administrative burden to the individual insurance companies | ||
Participation Flexibility Avoid minimum participation requirements | ||
Customization Employees can select a plan that aligns with their specific healthcare needs | ||
Employee Empowerment Employees can use leftover funds for other healthcare expenses |
Built for companies of all shapes and sizes
Thousands of businesses, from startups to enterprises, trust Thatch to give great health benefits to their teams.
Thatch was built to provide the best employee benefits
Dive into the Thatch platform now and unlock a world of personalized coverage, streamlined processes, and hassle-free management.
We built Thatch with our users in mind. Get up and running quickly with pre-built integrations for seamless onboarding.
Get rid of time-consuming workflows and manual data entry. Thatch connects with payroll, email, and payments.
Our team of registered insurance pros is here to answer any questions along the way and ensure that your employees pick the right plans.
We take care of premium payments and keep everything transparent through monthly audit reports.
Affordable benefits for businesses of any size
$45 / enrolled employee / month (for 1-49 eligible employees)
Custom pricing for 50+ eligible employees
| Responsibility taken by the individual health insurance market plan | |
| Personalized health plan choices nationwide | |
| Easy and flexible health plan design | |
| Control over annual health insurance premium increases | |
| No minimum for participation | |
| Simple compliance: 1095, COBRA, and PCORI filing |
World-class customer support
We publish real-time customer support metrics because we believe in transparency and accountability.
See what it's like to love your benefits!
Success stories
Thatch has helped companies of all shapes and sizes bring great health benefits to their teams
Crossroads switched to Thatch and avoided a $1M renewal
"People like picking the plan that meets their needs instead of choosing from just one of three. It's very nice to confidently point employees to Thatch's support team and know they'll be helped." — Maggie Chapman, Director of People Operations, Crossroads
Arts for Learning saved nearly $100,000 with Thatch
"Our people really love options [for their health benefits] and being able to pick and choose." — Lisa Pennell, People Operations Manager, Arts for Learning
ConceiveAbilities switched to Thatch and nearly doubled enrollment
"Transitioning to Thatch has allowed us to use the same level of investment and offer empirically stronger medical benefits to our employees." — Cathy Kenworthy, CEO, ConceiveAbilities
Block + Tackle switched to Thatch and cut per-employee admin time by 70%
"Employees are noticeably more confident in their choices... It finally feels like healthcare is working for them, not against them." — Michele Grant, Founder, Block + Tackle
Yeeld switched to Thatch and cut admin time by over 92%
"We were honestly so tired of dealing with the expensive, limited alternatives that we were eager to try something new. Thatch delivered exactly what we needed." — Mira Boora, COO, Yeeld
Let's chat about Thatch vs Group Plans
We're here to help. Thatch makes it easy to offer health benefits to your team with an ICHRA.