Clasp provides an insurance‑benefits automation platform that lets brokers and employers build benefit groups, generate instant quotes, and manage open enrollment with minimal manual effort. The solution integrates carrier feeds, ACA/COBRA compliance, and offers a modular API/SDK for embedding the workflow into existing payroll or HR stacks, delivering 24/7 compliance monitoring and hands‑free carrier connections. It aims to reduce eligibility errors and speed up group setup from hours to minutes.
Funding
$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.
Founders
Product
Problem
Employers and insurance brokers often spend extensive time manually assembling benefit groups, obtaining quotes, and maintaining carrier connections, leading to eligibility errors and compliance risks. The lack of integrated, automated tools forces repetitive data entry and constant monitoring to meet ACA and COBRA regulations.
Solution
Clasp offers a modular benefits administration platform that centralizes group building, instant quoting, and carrier integration within a single interface. The system automates carrier feeds and eligibility verification, providing continuous 24/7 compliance monitoring to reduce manual oversight. APIs, SDKs, and an MCP server enable seamless embedding of Clasp’s functionality into existing payroll or HR stacks, allowing brokers and employers to streamline open enrollment and ongoing benefits management. By eliminating repetitive data entry and providing real‑time compliance alerts, Clasp reduces eligibility discrepancies and accelerates the benefits setup process.
Target Audience
Primary customers are health insurance brokers and mid‑size to large employers who manage employee benefits and need to automate enrollment, carrier connections, and compliance reporting.
Features
- One‑click group creation and instant quote generation for health, ACA, and COBRA plans
- Automated carrier feed ingestion and hands‑free connection management
- Continuous 24/7 compliance monitoring with real‑time alerts for regulatory changes
- Open API, SDK, and MCP server options for deep integration into payroll or HR systems
- Dashboard for brokers and employers to track enrollment status and eligibility discrepancies