Thatch

Thatch is an ICHRA platform where the employer sets a monthly healthcare budget and employees pick individual medical, dental, and vision plans.

Quote-based pricing

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Bottom line

Thatch is an ICHRA platform where the employer sets a monthly healthcare budget and employees pick individual medical, dental, and vision plans. The vendor charges a simple monthly fee per employee with no setup fees or long-term contracts, and does not print the dollar amount.

Stands out for: Leftover budget loads onto a Thatch Card for copays, prescriptions, and other qualified medical expenses, so employees are not filing reimbursement forms after the premium is paid.

Watch out for: There is no public PEPM. You upload a census into a quoting tool or book a call. Thatch Market (plan shopping) is included at no extra platform fee, but the per-employee software fee is still sales-quoted.

Overview

Thatch runs Individual Coverage Health Reimbursement Arrangements. The employer sets a monthly allowance by class, age, and location. Employees choose an individual medical plan, own the policy, and spend leftover budget on qualified medical expenses through a Thatch Card. Thatch submits enrollments, pays carriers, and answers member questions.

The FAQ states a simple monthly fee per employee, with no setup fees, long-term contracts, or hidden costs, and tells you to contact them for the number based on team size. A quoting tool applies ACA affordability rules to a census. There is no published free trial.

Who it's for

Best for

  • Startups hiring across states that do not want to shop a new group plan each time
  • Employers replacing a rising group premium with a fixed ICHRA budget
  • Remote-first companies whose people need local individual networks
  • HR teams that want enrollment, carrier payments, and compliance reporting handled by the vendor

Not ideal for

  • Buyers who need a printed dollar rate before a census quote
  • Employers that only want a GCHRA on top of a group plan they already like

Key features

ICHRA administration. Employer sets a monthly budget; employees pick their own plans.

Individual plan marketplace. Medical, dental, and vision shopping inside the product.

Thatch Visa card. Unused budget spends on qualified care.

Payroll connection. Syncs contributions with the payroll provider.

Pricing

Starting price Sales-quoted
Free tier –

Thatch charges a monthly fee per employee. The vendor states there are no setup fees, long-term contracts, or hidden costs, and asks you to contact them for pricing based on team size. Thatch Market plan shopping is included at no additional platform fee. The software fee itself is not printed. Confirm current terms on the vendor site.

Checked 19 Sep 2026. Vendors change prices without notice.

See current pricing on Thatch (opens in a new tab)

Is Thatch expensive?

Thatch does not publish a price. It is one of 19 quote-based tools among the 25 benefits administration tools in our directory. 0 have a free tier, and those with a public price typically start around $12 a month.

  • 19 quote-based
  • 0 free tier
  • 5 public price

Worked out automatically from every benefits administration listing, so it updates as the directory changes.

Pros and cons

Pros

  • No setup fee and no long-term contract on the vendor FAQ
  • ICHRA classes can vary by location and age so the budget is not a single national number
  • Thatch Card spends leftover allowance without a reimbursement queue

Cons

  • The per-employee software fee is not printed
  • It is ICHRA, not QSEHRA or a GCHRA supplement
  • You still fund the actual insurance allowance on top of the platform fee

What's new at Thatch

No updates logged yet. Follow Thatch and we will email you when it announces something new or its starting price changes.

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How Thatch compares

See all Thatch alternatives, with what each one does differently and a head to head for every pairing.

ToolFree tierFromMCPAPICompare
Thatch (this tool) –Sales-quoted––
PeopleKeep PeopleKeep publishes GCHRA at $12/employee/mo and ICHRA at $25/employee/mo plus base fees, if you want a printed HRA rate card. –$12/employee/mo–– Compare
Gusto Gusto is US SMB payroll plus group benefits from $49/mo, not an ICHRA shopping layer. –$49/mo✓✓ Compare
Justworks Justworks is a PEO at $8/employee/mo that sells group benefits through a co-employer, not individual policies. –$8/employee/mo–– Compare
PlanSource PlanSource is mid-market multi-carrier group benefits administration, quote-led, if you are staying on group plans. –Sales-quoted–– Compare
PeopleKeep

$12/employee/mo

PeopleKeep publishes GCHRA at $12/employee/mo and ICHRA at $25/employee/mo plus base fees, if you want a printed HRA rate card.

Gusto

$49/mo MCP API

Gusto is US SMB payroll plus group benefits from $49/mo, not an ICHRA shopping layer.

Justworks

$8/employee/mo

Justworks is a PEO at $8/employee/mo that sells group benefits through a co-employer, not individual policies.

PlanSource

Sales-quoted

PlanSource is mid-market multi-carrier group benefits administration, quote-led, if you are staying on group plans.

Your next step

Shortlisting Thatch?

Frequently asked questions

What is Thatch?
Thatch is an ICHRA platform where the employer sets a monthly healthcare budget and employees pick individual medical, dental, and vision plans. Unused budget can go to qualified care on a Thatch Visa card. Thatch is listed under Benefits administration in the Work Insiders directory.
Is Thatch free?
No. Thatch is priced by quote — contact their sales team for pricing.
Does Thatch have an MCP server or API?
No. Thatch does not currently list an MCP server or a public API.
What are alternatives to Thatch?
Thatch alternatives worth comparing are PeopleKeep, Gusto, Justworks and PlanSource. The comparison table above shows free tier, starting price, MCP and API side by side.