Thrilled to announce our $38M Series A led by @generalcatalyst and @IndexVentures , with participation from @a16z , @AvidVc, and @thegp!

We had some real fun recording this with our friends at @a16zBioHealth Give it a listen in the link below! 👇

@AustinTech @MLDavey @Nick_Spiller @EliahOverbey @uaustinorg @LegionHealth @YashMPatel12 @ArthurMacwaters @the_danny_g 💡Insights from Local Builders and Innovators @TaylorCapito of @GenRait_Inc joined Austin Tech Connect with @thomsinger, discussing tech impacting humanity, innovation, Star Trek, and even Flubber. Listen here: https://t.co/JihAIlne8u @thatch_ai co-founders Chris Ellis and Adam

Looking to offer great health benefits at a lower cost? let's chat!

We're building a brighter future for the U.S. healthcare system, where employers can provide better health benefits for less money, and employees can keep the same great benefits from job to job. Read the full announcement here:

At Thatch, we work closely with our customers as their companies grow. If you're close to reaching the 50 full-time employee mark and need support to re-think your #healthbenefits strategy, let's chat!

𝗦𝗲𝗲𝗸 𝗘𝘅𝗽𝗲𝗿𝘁 𝗛𝗲𝗹𝗽: Partner with benefits providers who specialize in these transitions. Experienced providers can guide you through the process, ensuring you meet all compliance requirements without unnecessary stress.

𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿 𝗧𝗶𝗺𝗶𝗻𝗴: If you’re nearing 50 employees, align your benefits changes with the calendar year. This can simplify compliance and make it easier for employees to understand their options.

𝗥𝗲𝘁𝗵𝗶𝗻𝗸 𝗬𝗼𝘂𝗿 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: As you grow, you may need to update your health insurance options to meet new requirements. Consider offering an #ICHRA to accommodate different employee needs and preferences.

𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝘂𝗹𝗲𝘀: Familiarize yourself with the ACA’s minimum affordability standards for health coverage. This ensures that the health plans you offer meet federal requirements and protect you from potential penalties.

𝗚𝗲𝘁 𝗮 𝗛𝗲𝗮𝗱 𝗦𝘁𝗮𝗿𝘁: Begin preparations before you reach 50 employees to make the transition smoother. Early planning can help you avoid last-minute scrambles and ensure a seamless shift to meet the new compliance guidelines.

Hitting 50 full-time employees is a significant milestone for any business owner or #startup founder. But did you know that this also brings new responsibilities under the Affordable Care Act (ACA)?

To better understand why your employees may be choosing or not choosing to enroll in dual coverage, let’s take a look at the pros and cons of having two health insurance plans. https://t.co/Oc8zV3nHg0

Did you know? In 2021, 43.1 million people juggled multiple #healthinsurance plans. Depending on their circumstances, having two health insurance policies can help your employee save money or be an unnecessary expense.

Interested in learning more? Let's chat 💬

3⃣ More flexibility: Instead of choosing specific benefits, you set a budget and empower your team members to choose the right healthcare experience for their needs.

2⃣ Save Time: Avoid dedicated benefits management and significantly reduce your Executive and HR teams' weekly commitment. Companies using Thatch save an average of 83 hours per year administering benefits.

1⃣ Save Money: Over the last five years, group health plan costs have increased 22%, while Thatch's individual plans have actually decreased by -5 %. By using Thatch, you can save an average of $1,620 per year per employee while offering similar benefits.

We are trusted by hundreds of businesses, from startups to enterprises, because we help them:

Thatch is an all-in-one platform that makes it easy and affordable to give your team great health benefits. See how Thatch works 👇