Allstate Health Solutions Partners with Intuit QuickBooks, Thatch and Ambetter Health to Provide Expanded Healthcare Offering

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Partnership allows employers to directly reimburse employees for healthcare coverage, offering employees the flexibility to choose the best insurance plan for their individual needs

WINSTON-SALEM, N.C., November 14, 2024--(BUSINESS WIRE)--Allstate Health Solutions, the Accident & Health division of Allstate, announced a new partnership with Thatch and Ambetter Health, a health insurer known for offering on-exchange plans under the Affordable Care Act (ACA), to enhance its product offerings with Intuit QuickBooks. This partnership introduces an Individual Coverage Health Reimbursement Arrangement (ICHRA), allowing businesses of all sizes to directly reimburse employees – tax free – for individual health insurance premiums and eligible medical expenses through off-exchange plans. With access to a variety of flexible, personal and cost-effective health plans, employers can choose solutions tailored to their workforce’s needs. As part of this collaboration, Ambetter Health will also roll out a new product, Ambetter Health Solutions, designed to help individuals offered ICHRA through their employers’ purchase marketplace health plans.

"Allstate Health Solutions is committed to helping people find the coverage they need for peace of mind," said Aaron Goddard, President of Allstate Health Solutions. "This includes empowering business owners with affordable small group health options. Offering ICHRA is the next step in that commitment, and we're excited to collaborate with our partners to support the evolving needs of today’s workforce."

With this new solution, Intuit QuickBooks customers using payroll subscription services can access Allstate Health Solutions’ group health insurance platform. The platform provides businesses with a variety of coverage options, including Association plans, ACA alternative plans and traditional ACA plans, including Ambetter Health plans, offered by subsidiaries of Centene Corporation.

The platform is powered by Thatch, a leading online ICHRA platform that simplifies healthcare plan selection. Employees set a budget and Thatch matches them with the plan that best meets their needs. If the selected plan costs less than the allotted budget, employees can use the remaining funds for additional healthcare expenses, such as prescriptions, copays or therapy.

"Thatch saves employers money and administrative time and gives choices about healthcare to the employees, where it belongs," said Chris Ellis, CEO of Thatch. "With the employer setting a budget, Thatch takes care of the rest, managing every aspect of healthcare administration, streamlining operations, reducing complexity and delivering value."

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