202401 Mar

Healia: Modern health insurance for dual income families

Summary

Enrollment: Employees access the funds when enrolled in their spouses plan, using them to cover healthcare costs Unused Funds: Any unused funds revert to the employer, ensuring expenses remain capped while employees get the safety of knowing they have thousands of dollars of additional coverage.\U0001f4bb Our technology is so powerful that we even sell it separatelyWe created a tool for employees that lets them compare costs between their employers plan and their spouses. Employees can upload a PDF of their spouses benefits guide, and our LLM will process the data, allowing families to see all of their options modeled out (see image below). This feature has been so popular that companies like GoFundMe, Stew Leonards, and Sectigo use our technology just to educate employees on what plan to choose.\U0001f680 14 customers launched across 11 states with $206k in ARRInitially, we thought only white-collar companies would be interested, but half of our customers have been in traditional industries like manufacturing, food and beverage, and retail. Were helping businesses across all geographies and industries lower costs and make healthcare more affordable.\U0001f44b Ask: Connect us with: Health insurance brokers that need innovative solutions for clients. HR leaders and CFOs that want to lower costs while improving employee retention Or, just give us feedback!

Source: Ycombinator

Funding

$500K
Amount
Mar 01 2024
Date
-
Investor
Healia Health
Company

Classifications

Companies