StretchDollar, a health benefits company, has secured $6 million in funding to assist small businesses in providing their employees with pre-tax funds for individual insurance plans. The San Francisco-based company offers an ICHRA-focused model, simplifying the process and giving employees more choice. This funding round was led by Fika Ventures and Oscar Health and will allow StretchDollar to expand its self-service platform. The decrease in small businesses offering health benefits is due to the complexity of managing them, but ICHRA adoption is on the rise. StretchDollar aims to address other areas of health benefits that small businesses struggle to provide in the future.
Source link
ICHRA Startup Secures $6M to Streamline Health Benefits for Small Businesses
