Lunchbox Health provides a platform that lets employers offer Individual Coverage Health Reimbursement Arrangements (ICHRA) backed by pre‑funded health wallets, covering premiums and qualified medical expenses without upfront cost to employees. The service automates plan recommendations, enrollment, payroll deductions, expense approvals, and compliance with ACA, HIPAA and ERISA, reducing benefit spend by up to 50% compared with traditional group plans.
Funding
Funding not disclosed
Founders
Product
Problem
Employers and brokers often face high costs, complex administration, and compliance challenges when providing group health insurance, especially for small or startup companies that lack bargaining power with carriers.
Solution
Lunchbox Health offers a platform that enables businesses to provide Individual Coverage Health Reimbursement Arrangements (ICHRA) backed by a pre‑funded health wallet for each employee. The service automates plan recommendation, enrollment, payroll integration, and expense approvals, ensuring that only qualified 213(d) medical expenses are reimbursed. Compliance with ACA, HIPAA, and ERISA is handled automatically, and a single monthly invoice consolidates all health‑related payments. By aggregating employee buying power across hundreds of carrier plans, the platform reduces overall benefit spend by up to 50% compared with traditional group plans while delivering a personalized benefits experience.
Target Audience
Primary customers are small‑to‑mid‑size employers, startups, and benefits brokers seeking a cost‑effective, compliant alternative to traditional group health insurance.
Features
- Pre‑funded health wallets that cover premiums and qualified medical expenses with zero upfront cost for employees
- AI‑driven plan recommendation engine presenting hundreds of carrier options tailored to each employee’s needs
- Integrated expense approval workflow that validates 213(d) qualified expenditures in real time
- Full payroll and carrier integration for automated deductions and seamless enrollment
- Compliance automation that continuously validates ACA, HIPAA, and ERISA requirements
- Consolidated billing delivering a single monthly invoice for all health‑related spend
- Real‑time analytics dashboard providing visibility into spend, utilization, and cost forecasting
- Easy‑to‑use employee cards linked to health wallets for instant reimbursements