Allstate Health Solutions, the Accident & Health division of Allstate, announced a new partnership with Thatch and Ambetter Health to enhance its product offerings with Intuit QuickBooks. This collaboration introduces an Individual Coverage Health Reimbursement Arrangement (ICHRA), providing businesses of all sizes with a mechanism to directly reimburse employees tax-free for individual health insurance premiums and eligible medical expenses through off-exchange plans.
This partnership aims to offer employers a variety of flexible, personal, and cost-effective health plans tailored to their workforce's needs. Ambetter Health will launch a new product, Ambetter Health Solutions, in 2025, initially in select states including Georgia, Indiana, Mississippi, Missouri, Ohio, and South Carolina, to facilitate the purchase of marketplace health plans for individuals offered ICHRA through their employers.
The integration with Intuit QuickBooks' payroll subscription services allows customers to access Allstate Health Solutions' group health insurance platform, which includes Association plans, ACA alternative plans, and traditional ACA plans. This strategic move is expected to expand Allstate's footprint in the health solutions market and empower business owners with more affordable small group health options.
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