The startup offers an online benefits enrollment platform that automates the underwriting process for health insurance, significantly reducing paperwork and processing time. By streamlining enrollment, the platform enables employers to provide lower healthcare premiums and facilitate faster access to health insurance benefits for their employees.
Funding
$2.9M 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 brokers face challenges with manual, time-consuming benefits enrollment processes, leading to errors, increased administrative costs, and delays in employees accessing their benefits. Existing systems often lack flexibility to accommodate diverse benefit offerings and require significant manual intervention for underwriting and data management.
Solution
GoWell Benefits provides a cloud-based benefits enrollment platform that automates the entire process from broker to employee, streamlining underwriting and reducing administrative overhead. The platform supports a wide range of benefits, including ICHRA, medical, dental, vision, life, and disability, allowing employers to offer customized packages. By centralizing data and automating key workflows, GoWell Benefits enables faster enrollment, reduces errors, and lowers overall healthcare premiums for employers and employees. The platform also offers a broker portal with tools to manage clients and access resources.
Target Audience
GoWell Benefits targets employers of small to medium-sized businesses (2-99 employees) and benefits brokers seeking to streamline benefits enrollment and offer customized benefit packages to their clients.
Features
- Automated underwriting to streamline the enrollment process and reduce manual effort
- Support for various benefit types, including ICHRA, medical, dental, vision, life, and disability
- Centralized platform for managing employee data and benefits information
- Online enrollment portal accessible from any device
- Multilingual support to simplify enrollment for diverse employee populations
- ICHRA marketplace for employees to choose individual insurance plans
- Broker portal with tools for client management, quoting, and case setup
- Integration with payroll systems via PayNow features
- Guaranteed issue ACA compliance
- Nationwide coverage across all US states