Allstate Health Solutions Partners with Intuit QuickBooks, Thatch and Ambetter Health to Provide Expanded Healthcare Offering
Allstate Health Solutions has announced a strategic partnership with Thatch, Ambetter Health, and Intuit QuickBooks to offer Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions. This collaboration enables businesses to reimburse employees tax-free for individual health insurance premiums and medical expenses through off-exchange plans. The partnership introduces Ambetter Health Solutions, a new product launching in 2025 across select states, designed for individuals accessing ICHRA through their employers. QuickBooks customers with payroll subscriptions can access Allstate's platform, offering various coverage options including Association plans, ACA alternative plans, and traditional ACA plans.
Allstate Health Solutions ha annunciato una partnership strategica con Thatch, Ambetter Health e Intuit QuickBooks per offrire soluzioni di Individual Coverage Health Reimbursement Arrangement (ICHRA). Questa collaborazione consente alle aziende di rimborsare ai dipendenti, in modo esentasse, i premi per l'assicurazione sanitaria individuale e le spese mediche tramite piani off-exchange. La partnership introduce Ambetter Health Solutions, un nuovo prodotto che sarà lanciato nel 2025 in alcuni stati selezionati, progettato per le persone che accedono all'ICHRA tramite i loro datori di lavoro. I clienti di QuickBooks con abbonamenti per la gestione stipendi possono accedere alla piattaforma di Allstate, che offre diverse opzioni di copertura tra cui piani associativi, piani alternativi ACA e piani ACA tradizionali.
Allstate Health Solutions ha anunciado una asociación estratégica con Thatch, Ambetter Health e Intuit QuickBooks para ofrecer soluciones de Individual Coverage Health Reimbursement Arrangement (ICHRA). Esta colaboración permite a las empresas reembolsar a los empleados de forma libre de impuestos por las primas del seguro de salud individual y los gastos médicos a través de planes fuera del intercambio. La asociación introduce Ambetter Health Solutions, un nuevo producto que se lanzará en 2025 en ciertos estados, diseñado para individuos que acceden al ICHRA a través de sus empleadores. Los clientes de QuickBooks con suscripciones de nómina pueden acceder a la plataforma de Allstate, que ofrece varias opciones de cobertura, incluidos planes asociativos, planes alternativos del ACA y planes del ACA tradicionales.
Allstate Health Solutions는 Thatch, Ambetter Health 및 Intuit QuickBooks와의 전략적 파트너십을 발표하여 개인 건강 보험 환급 제도(ICHRA) 솔루션을 제공합니다. 이번 협력을 통해 기업은 직원들에게 세금 없이 개인 건강 보험료와 의료비를 오프-익스체인지 플랜을 통해 환급할 수 있습니다. 이 파트너십은 2025년 일부 주에서 출시될 Ambetter Health Solutions라는 새로운 제품을 소개하며, 고용주를 통해 ICHRA에 접근하는 개인을 위해 설계되었습니다. 급여 구독 서비스가 있는 QuickBooks 고객은 Association 플랜, ACA 대체 플랜 및 전통적인 ACA 플랜을 포함한 다양한 보장 옵션을 제공하는 Allstate의 플랫폼에 접근할 수 있습니다.
Allstate Health Solutions a annoncé un partenariat stratégique avec Thatch, Ambetter Health et Intuit QuickBooks pour offrir des solutions d'Individual Coverage Health Reimbursement Arrangement (ICHRA). Cette collaboration permet aux entreprises de rembourser sans impôt leurs employés pour les primes d'assurance santé individuelles et les frais médicaux via des plans hors échange. Ce partenariat introduit Ambetter Health Solutions, un nouveau produit qui sera lancé en 2025 dans certains États, conçu pour les individus accédant à l'ICHRA par le biais de leur employeur. Les clients de QuickBooks détenteurs d'abonnements de paie peuvent accéder à la plateforme d'Allstate, offrant diverses options de couverture, y compris des plans associatifs, des plans alternatifs de l'ACA et des plans traditionnels de l'ACA.
Allstate Health Solutions hat eine strategische Partnerschaft mit Thatch, Ambetter Health und Intuit QuickBooks angekündigt, um Lösungen für das Individual Coverage Health Reimbursement Arrangement (ICHRA) anzubieten. Diese Zusammenarbeit ermöglicht es Unternehmen, ihren Mitarbeitern steuerfrei die Beiträge für individuelle Krankenversicherungen und medizinische Ausgaben über Off-Exchange-Pläne zu erstatten. Die Partnerschaft bringt Ambetter Health Solutions, ein neues Produkt, das 2025 in ausgewählten Bundesstaaten auf den Markt kommt, das für Personen gedacht ist, die über ihre Arbeitgeber auf ICHRA zugreifen. QuickBooks-Kunden mit Gehaltsabrechnungsabonnements können auf die Plattform von Allstate zugreifen, die verschiedene Deckungsoptionen bietet, einschließlich Vereinsplänen, alternativen ACA-Plänen und traditionellen ACA-Plänen.
- New partnership expands healthcare offerings and market reach
- Tax-free reimbursement benefits for employers and employees
- Platform integration with QuickBooks enhances accessibility
- Planned expansion of Ambetter Health Solutions across multiple states
- initial state availability for Ambetter Health Solutions
- Service access restricted to QuickBooks payroll subscribers only
Insights
This partnership represents a significant strategic expansion in Allstate's health insurance offerings, particularly in the growing ICHRA market. The collaboration with Intuit QuickBooks provides access to 51.7 million small business customers, creating substantial revenue potential. The integration with Thatch's platform and Ambetter Health's ACA plans positions Allstate competitively in the individual health insurance market.
The ICHRA solution addresses a critical market need by offering tax advantages and flexibility for employers while simplifying healthcare administration. Ambetter Health's planned 2025 rollout in 6 initial states indicates a measured expansion strategy. The QuickBooks integration creates a seamless distribution channel, though requiring payroll service subscription may limit initial adoption.
The partnership's focus on small business healthcare solutions aligns with market trends showing increased demand for flexible, cost-effective health insurance options. This positions Allstate Health Solutions for potential revenue growth in the expanding individual health insurance market.
The strategic timing of this partnership capitalizes on the growing trend toward personalized healthcare solutions and the increasing adoption of ICHRAs. The integration with QuickBooks' established small business ecosystem provides a significant competitive advantage and efficient distribution channel.
Market data indicates rising demand for flexible healthcare options among small businesses, with ICHRAs becoming increasingly popular due to their tax advantages and cost control benefits. The phased rollout approach through select states mitigates risks while allowing for operational optimization.
The partnership addresses key market pain points: administrative complexity, cost management and employee choice. This positions Allstate favorably in the evolving healthcare benefits landscape, potentially driving increased market share in the small business segment.
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 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
“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
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241114464319/en/
Allstate Media Team
(847) 402-5600
MediaTeam@allstate.com
Source: Allstate
FAQ
When will Ambetter Health Solutions launch its ICHRA product with Allstate (ALL)?
What types of health plans does Allstate (ALL) offer through the QuickBooks partnership?
How can employers access Allstate's (ALL) ICHRA platform through QuickBooks?
