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P&A Group found its business in the fine print
An insurance broker noticed that administration customers stayed longer. That observation helped turn a Buffalo firm into a national operator of the benefits people use, question and occasionally forget to claim.
Acclaris made the receipt worth $140 million.
Health benefits promise to pay you back. Acclaris built the machinery that makes that promise work - one account, one claim, one stubborn receipt at a time.
Benepass and the Strange Life of an Unspent Benefit
A benefit nobody uses is a curious form of generosity. Benepass built a card and ledger to make the money spendable, then discovered that the harder problem was keeping every dollar eligible, visible, and under control.
The Receipt That Built a Benefits Company
A mother’s medical bills and a new father’s worries led two friends into the plumbing of American health care. Lively began with an HSA; its wager now is that one account, one card and one platform can make the rest of employee benefits less of a chore.
The $36.5 Billion Account Hiding in Your Benefits Portal
HealthEquity turned the least glamorous tab in workplace benefits into a three-engine business - and a bid to make health savings as familiar as the 401(k).
Thatch
Thatch is a San Francisco health benefits platform that lets employers give workers a tax-free monthly healthcare budget instead of a one-size-fits-all group plan. Employees shop a marketplace for their own medical, dental and vision coverage, then spend any leftover budget on care through a Thatch debit card. Built around ICHRA - a 2020-era IRS rule - the company aims to unbundle health insurance from a single employer plan and hand the choice back to individuals. Since launching in 2023 it has served more than 1,000 businesses and raised about $84.5 million across seed, Series A and Series B rounds.