Ansel Health provides supplemental health insurance designed to ease the financial burden of unexpected medical expenses. Their plans cover over 13,000 injuries and illnesses with customizable benefit tiers for moderate, severe, and catastrophic conditions. The platform facilitates rapid claims processing, often paying benefits within 72 hours via digital payment methods, alongside paperless administration for employers.
Funding
$42M 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.
PASSFounders
Product
Problem
Many employees face financial strain due to high health insurance deductibles and unexpected medical expenses, leading to difficulty in affording necessary care and increased financial stress. Traditional health insurance plans often leave gaps in coverage, particularly for moderate to severe conditions, creating a need for supplemental financial support.
Solution
Ansel Health provides a supplemental health insurance platform that offers customizable cash benefits for over 13,000 medical conditions, helping employees manage the financial impact of health hardships. The platform enables employers to offer a benefit strategy that eases the financial burden associated with high deductibles and unexpected medical expenses. Employees can select payout amounts that fit their needs and budget, with employers having the option to fund part or all of the premiums or offer Ansel as a voluntary benefit. Claims are processed paperlessly, with payouts typically within 72 hours via Venmo, PayPal, or direct bank transfer.
Target Audience
The primary target audience includes employers looking to enhance their health benefit strategy and employees seeking financial protection against unexpected medical expenses.
Features
- Customizable benefits for moderate, severe, and catastrophic conditions, allowing employees to select appropriate payout amounts.
- Paperless installation and administration, streamlining the management process for employers.
- Online employer portal and flexible enrollment options for simplified administration.
- Mobile app and online member portal for easy claims filing, requiring only a few questions and document photos.
- Fast benefit payouts, typically within 72 hours, via Venmo, PayPal, or direct bank account transfer.
- Dedicated support for both employers and employees throughout their membership.
- Broad supplemental coverage for over 7,000 injuries and illnesses, including fractures, appendicitis, and cancer.
- Guaranteed issue plans available, with no medical underwriting required for 50% of plans.
- No limitations or exclusions for pre-existing conditions.