Gravie provides health benefit solutions for small and midsize businesses, offering a level‑funded Comfort plan that covers most common services at zero cost to members, as well as traditional copay, HSA, and ICHRA options. Its platform streamlines administration, enables flexible employer contributions, and includes Gravie Pay, a virtual credit‑card for interest‑free installment payments of out‑of‑pocket expenses, helping employers lower premiums and predict costs.
Funding
$150M 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
Small and midsize businesses (SMBs) often face high health insurance premiums, limited plan options, and complex administration, resulting in higher out‑of‑pocket costs for employees and unpredictable expenses for employers.
Solution
Gravie offers a suite of health benefit products tailored to SMBs, including the Comfort level‑funded plan that provides zero‑cost coverage for most common services, traditional copay and HSA options, and an Individual Coverage Health Reimbursement Arrangement (ICHRA) platform that lets employers set flexible, predictable contribution levels. The ICHRA solution simplifies administration by handling individual coverage purchases and reimbursements through a single portal, while the Comfort plan’s level‑funding model spreads risk to keep premiums stable. Gravie also provides Gravie Pay, a virtual credit‑card that enables interest‑free, installment payments for out‑of‑pocket expenses up to the plan’s maximum. Together, these products reduce overall premium costs, lower employee cost‑sharing, and streamline benefits management for SMBs.
Target Audience
Gravie’s primary customers are small and midsize employers (typically 50–500 employees) and the benefits brokers who serve them, seeking affordable, flexible health coverage solutions.
Features
- Comfort level‑funded health plan with zero‑cost office visits for 94% of members
- Traditional copay and HSA plan options for employers preferring conventional designs
- ICHRA platform that allows flexible employer contributions and predictable renewal costs, delivering up to 29% savings on renewals
- Gravie Pay virtual credit card offering interest‑free, fee‑free payment plans up to 12 months for uncovered medical expenses
- Integrated member portal for enrollment, payment management, and real‑time benefit utilization tracking
- Broker‑focused toolkit with guides, case studies, and digital resources to support sales and implementation