Oscar and Thatch (opens in new tab) are helping small businesses manage rising healthcare costs while giving employees real choice.
Rising premiums and unsustainable rate increases are making it harder for families to get the care they need and for employers to offer benefits that truly support their teams. Small businesses, in particular, feel the strain. Even modest changes in costs can ripple through budgets and make it challenging to balance doing right by employees with keeping the business healthy. The average annual premium for small businesses rose from $2,827 to $7,974 between 2000 and 2023 – a 182% increase.
That’s why Oscar and Thatch (opens in new tab) are working together to create a new kind of approach to benefits selection, one that gives employers more control and gives employees more choice. By combining Oscar’s simple, tech-forward health insurance with Thatch’s defined-contribution platform, we’re building a more consumer-driven future for health benefits.
For a peek at what this future looks like, watch this video from our Atlanta-based marketing agency Block+Tackle, which is already experiencing the benefits of this model firsthand. The video offers a glimpse at how employers can offer flexible, affordable coverage while empowering employees to choose plans that truly fit their lives.