Caribous HealthPlanner is a healthcare planning software that enables financial advisors to analyze and optimize clients healthcare costs by matching their health needs and budget to available Medicare and Marketplace options. This tool addresses the financial uncertainty associated with healthcare expenses, providing actionable insights and tax-saving opportunities to create a more accurate financial plan.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ACFounders
Product
Problem
Financial advisors often lack the tools to effectively incorporate healthcare costs into comprehensive financial plans, leading to inaccurate projections and potential financial strain for clients. Clients face uncertainty navigating complex healthcare options like Medicare and the Marketplace, making it difficult to optimize coverage based on their individual health needs and budget. This gap in financial planning can result in missed tax-saving opportunities and inadequate preparation for healthcare expenses.
Solution
Caribou HealthPlanner is a healthcare planning software designed to enable financial advisors to analyze and optimize clients' healthcare costs. The platform matches clients' health needs, budget, and preferences to available health plan options in the Marketplace and Medicare, especially during significant life events. HealthPlanner identifies potential tax savings through premium tax credits, medical tax deductions, and HSA contributions. The software summarizes current coverage and projects future healthcare expenses, providing a holistic view of healthcare within the financial plan.
Target Audience
The primary target audience is financial advisors seeking to enhance their service offerings by incorporating comprehensive healthcare planning for their clients.
Features
- Health plan optimization: Matches clients to the most suitable Marketplace and Medicare plans based on individual needs.
- Tax savings identification: Pinpoints opportunities for premium tax credits, medical tax deductions, and HSA contributions.
- Comprehensive healthcare summaries: Provides clear overviews of current coverage and projected future expenses.
- Integration with financial planning: Enables advisors to incorporate healthcare costs into overall financial projections.
- Healthcare Navigation: Access to a network of healthcare advisors to support clients with new diagnoses and choosing facilities or treatments.