Ansel Health

About Ansel Health

Ansel Health offers a supplemental health insurance platform that provides customizable cash benefits for over 13,000 medical conditions, enabling employees to receive financial support quickly after diagnosis. The platform features a paperless claims process with payouts typically within 72 hours, alleviating the financial burden of high deductibles and unexpected medical expenses for both employers and their teams.

<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. </problem> <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. </solution> <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. </features> <target_audience> The primary target audience includes employers looking to enhance their health benefit strategy and employees seeking financial protection against unexpected medical expenses. </target_audience> <revenue_model> Employers can fund part or all of the premiums, or offer Ansel as a voluntary benefit, generating revenue through premium payments. </revenue_model>

What does Ansel Health do?

Ansel Health offers a supplemental health insurance platform that provides customizable cash benefits for over 13,000 medical conditions, enabling employees to receive financial support quickly after diagnosis. The platform features a paperless claims process with payouts typically within 72 hours, alleviating the financial burden of high deductibles and unexpected medical expenses for both employers and their teams.

Where is Ansel Health located?

Ansel Health is based in Claymont, United States.

When was Ansel Health founded?

Ansel Health was founded in 2019.

How much funding has Ansel Health raised?

Ansel Health has raised 42000000.

Location
Claymont, United States
Founded
2019
Funding
42000000
Employees
49 employees
Major Investors
500 Global, Alumni Ventures, SymphonyAI, Plug and Play, SixThirty

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Ansel Health

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Executive Summary

Ansel Health offers a supplemental health insurance platform that provides customizable cash benefits for over 13,000 medical conditions, enabling employees to receive financial support quickly after diagnosis. The platform features a paperless claims process with payouts typically within 72 hours, alleviating the financial burden of high deductibles and unexpected medical expenses for both employers and their teams.

joinansel.com5K+
cb
Crunchbase
Founded 2019Claymont, United States

Funding

$

Estimated Funding

$20M+

Major Investors

500 Global, Alumni Ventures, SymphonyAI, Plug and Play, SixThirty

Team (40+)

No team information available.

Company Description

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.

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.

Target Audience

The primary target audience includes employers looking to enhance their health benefit strategy and employees seeking financial protection against unexpected medical expenses.

Revenue Model

Employers can fund part or all of the premiums, or offer Ansel as a voluntary benefit, generating revenue through premium payments.

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