Allstate Health Solutions Partners with Intuit QuickBooks, Thatch and Ambetter Health to Provide Expanded Healthcare Offering
November 14 2024 - 9:00AM
Business Wire
Partnership allows employers to directly
reimburse employees for healthcare coverage, offering employees the
flexibility to choose the best insurance plan for their individual
needs
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.”
In 2025, Ambetter Health will roll out Ambetter Health
Solutions, to help individuals offered an ICHRA by their employer
access affordable ACA plans. This product will initially launch in
select states, including Georgia, Indiana, Mississippi, Missouri,
Ohio and South Carolina, with plans to expand to additional states
in the future. This collaboration will also introduce Intuit
QuickBooks’ employer groups to Ambetter Health’s pre-tax
off-exchange health plans, providing small business groups with
tailored healthcare solutions.
“ICHRA is an important vehicle for expanding access to
affordable healthcare coverage,” said Ambetter Health’s Chief
Operating Officer, Katherine Kirby. “This partnership allows
Ambetter Health to provide new options for employers and expand the
options of high quality and affordable benefit plans employees can
choose from.”
Employer groups interested in accessing the Allstate Health
Solutions group insurance platform to explore the ICHRA plan
offerings from available carriers or its other products must first
subscribe to QuickBooks payroll services. Once subscribed to
payroll services, the account holder must navigate to the payroll
tab and then the benefits tab from the left navigation menu and
then click on “Find Plans” within the Health Insurance card branded
for Allstate Health Solutions. This connection may first require
the account holder to download and opt in to the Allstate Health
Solutions application.
About Allstate Health Solutions
Allstate Health Solutions is dedicated to providing innovative
and flexible health insurance solutions to employers and
individuals across the United States. With a focus on quality,
affordability, and customer service, Allstate Health Solutions
continues to lead the industry in offering comprehensive and
tailored health insurance options.
About Ambetter Health
Ambetter Health is a health insurance offering that is available
on the Health Insurance Marketplace, or Exchange, established by
the Affordable Care Act and also available off-exchange in select
states. It is one of the healthcare programs provided by Centene
Corporation, a leading healthcare enterprise committed to helping
people live healthier lives. Ambetter Health is made available
through local health plans and covers a wide variety of healthcare
services, including preventive and wellness services, maternity and
newborn care, pediatric services, mental health and substance
misuse services, prescription drug coverage and more. This is a
solicitation for insurance. To see Ambetter’s Market Notice, please
click here. For more information on health benefits and health
insurance plans in your state, please visit the state specific link
on AmbetterHealth.com.
About Thatch
Thatch Health, Inc. is a modern platform that enables employees,
employers, and brokers to provide and select health benefits plans
that work for them. Thatch services companies of all sizes in
various industries around the United States. Recently, Thatch
announced a $38M investment by top tier venture firms including
Index Ventures, General Catalyst, and a16z.
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