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Thatch description
Thatch is a health benefits platform designed for mid-sized companies. It simplifies benefit administration by letting companies set a budget for each employee's healthcare. Employees then choose their own health insurance, dental, vision, and other healthcare expenses within that budget using a Thatch Visa card. Thatch handles compliance and supports employees through an AI chatbot. It works with existing payroll providers and integrates with various insurance plans. This offers employees more personalized healthcare options while potentially reducing administrative overhead for the company.
Who is Thatch best for
Thatch is a health benefits platform that simplifies administration for mid-sized companies. It lets companies set a healthcare budget for each employee, empowering them to choose their own insurance and healthcare expenses using a Thatch Visa card. Thatch handles compliance, integrates with payroll, and offers AI-powered support. This modern approach offers personalized healthcare options while potentially reducing administrative overhead.
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Ideal for mid-sized companies (100-1000 employees) seeking modern, flexible benefits.
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Designed for companies across all industries seeking to offer personalized healthcare options.
Thatch features
| Supported Thatch lets companies set a budget for each employee's healthcare expenses. |
| Supported Employees choose their health insurance, dental, vision, and other expenses within their set budget. |
| Supported Thatch provides a Visa card for healthcare expenses. |
| Supported Thatch works with existing payroll providers. |
| Supported Thatch offers support through an AI chatbot named ThatchBot. |
| Supported Thatch integrates with various insurance plans from top carriers. |
| Supported Thatch handles compliance. |
Thatch pricing
See the Thatch pricing page.
Standard
Fully automated benefits administration, seamless payroll integration, automated HIPAA and compliance documentation, AI-Driven insights & enrollment support, autopayment of insurance premiums, Thatch debit card for healthcare purchases.
Custom
Everything in the Standard Plan plus: ACA compliance for large employers, plus COBRA, white glove implementation support, dedicated client success manager.
Thatch alternatives
Take CommandBetter for smaller businesses seeking HRA administration. Offers onboarding tools focused on health benefits. Rated 4.5/5 on Glassdoor. Has less momentum than Thatch.Read more
Optum Health Care AdvisorBetter for larger companies focused on data-driven healthcare cost management and employee wellness program optimization. It offers more personalized health advice and prescription management, but users report customer service difficulties.Read more
Nova BenefitsBetter for companies located in India. Focuses on group health insurance plans and wellness benefits, rather than personalized budgets. Caters to businesses of all sizes.Read more
Mo.healthOffers global coverage and uses a prepaid Mastercard system, eliminating reimbursement claims. Geared towards modern, globally distributed companies of all sizes. Thatch alternative; Mo.health competitor.Read more
ThrivePassOffers more traditional benefits administration features like pre-tax accounts (HSA, FSA), tuition reimbursement, and COBRA administration. Has slower momentum and established user reviews revealing both positive and negative experiences.Read more
StriveMore focused on overall employee engagement and communication, not just benefits administration. Geared towards US-based mid-sized companies, especially those with deskless employees. Has declining momentum compared to Thatch. A Thatch alternative or competitor focusing on broader employee experience.Read more
Thatch FAQ
What is Thatch and what does Thatch do?
Thatch is a health benefits platform for mid-sized companies. It simplifies benefits administration with a defined budget for each employee's healthcare. Employees choose their own insurance and healthcare expenses using a Thatch Visa card, while Thatch manages compliance and provides AI-powered support.
How does Thatch integrate with other tools?
Thatch integrates with existing payroll providers and offers a wide selection of insurance plans from major carriers. It also features an AI-powered chatbot, ThatchBot, to support employees with their healthcare needs.
What the main competitors of Thatch?
Alternatives to Thatch include Take Command, offering reimbursements for individual health plans, and Mo.health, providing a membership plan with a prepaid Mastercard for healthcare expenses. Other competitors are ThrivePass, Strive, Nova Benefits, and Optum Health Care Advisor. These platforms offer various approaches to benefits administration and employee healthcare management.
Is Thatch legit?
Thatch appears to be a legitimate health benefits platform. It offers a modern approach to healthcare benefits, allowing employees to personalize their healthcare spending within a defined budget. Thatch streamlines administration and integrates with existing payroll systems.
How much does Thatch cost?
Thatch pricing starts at $30/month for the Standard plan for small businesses (1-49 employees). A custom plan is available for larger companies (50+ employees) but its pricing is not publicly disclosed. Contact Thatch for a custom quote.
Is Thatch customer service good?
There is no information available about Thatch's customer service. However, Thatch offers AI-powered support through a chatbot, which may impact the customer service experience.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.