Liferaft operates a technology-enabled administration platform for building bespoke, cost-effective health benefits programs outside of traditional fully insured group insurance. The platform supports various Health Reimbursement Arrangements (HRAs), specialty care benefits, and offers white-labeled or custom build-your-own solutions for partners. This enables organizations to manage flexible coverage options, automate administration, and address modern challenges in employee benefits.
Funding
$8.5M 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.
CVFounders
Product
Problem
Traditional group health insurance plans often lack flexibility and struggle to meet the diverse needs of modern businesses, leading to rising costs and limited coverage options for employees. Many companies find it challenging to create benefits programs that are both cost-effective and tailored to their specific workforce requirements.
Solution
Liferaft offers a technology-enabled administration platform that allows businesses to design customized health benefits programs, including Health Reimbursement Arrangements (HRAs) and fertility/gender-affirming care benefits. The platform provides seamless integration and automation to streamline the management of these programs, offering a cost-effective alternative to traditional insurance. Liferaft's solutions enable businesses to move beyond fully insured group health insurance and create unique health solutions tailored to their specific needs. The platform also offers white-labeling options, allowing partners to integrate Liferaft's products seamlessly into their brand ecosystem.
Target Audience
Liferaft primarily targets businesses seeking flexible and cost-effective health coverage solutions, as well as partners looking to offer customized benefits programs to their clients.
Features
- Customizable health benefits programs, including HRAs, fertility benefits, and gender-affirming care.
- User-friendly platform for seamless customization and documentation handling.
- White-labeling options for a custom, branded experience.
- Plug-and-play modules for building custom programs.
- Automated administration to streamline benefits management.
- Expert guidance and support from Liferaft's team of insurance professionals.