Lumos Health
About Lumos Health
Lumos utilizes a proprietary dataset and algorithms to provide personalized cost estimates for health insurance plans, allowing users to understand their expected out-of-pocket expenses based on real healthcare usage data from similar individuals. This approach simplifies the decision-making process for consumers by enabling them to compare plans from various insurers, including those available on Healthcare.gov, without the confusion typically associated with health insurance selection.
```xml <problem> Navigating the complexities of health insurance plans can be overwhelming for consumers, who often struggle to understand the true costs associated with different options. The abundance of details and lack of transparency make it difficult to accurately compare plans and make informed decisions. This can lead to individuals overpaying for coverage or selecting plans that don't adequately meet their needs. </problem> <solution> Lumos Health simplifies health insurance selection by providing personalized cost estimates based on real healthcare usage data from individuals with similar profiles. The platform analyzes plans from major insurers, including those on Healthcare.gov, and estimates out-of-pocket expenses using proprietary algorithms and datasets. By offering true-cost transparency, Lumos enables users to shop for plans with a clear understanding of their potential financial obligations. The platform also helps users determine subsidy eligibility and provides plan recommendations based on individual needs and preferences. </solution> <features> - Personalized cost estimates for health insurance plans based on user profiles and historical healthcare data. - Comparison of plans from major insurers, including those available on Healthcare.gov. - Identification of eligible subsidies to reduce monthly premiums. - Plan recommendations based on the lowest true cost across different categories. - Access to all eligible plans from all insurers, independent of Lumos recommendations. - Enrollment assistance and ongoing support throughout the plan selection process. </features> <target_audience> Lumos Health primarily targets individual consumers and families seeking to find the most cost-effective and suitable health insurance plans. </target_audience> <revenue_model> Lumos Health is free for consumers to use. The company generates revenue through commissions from insurance companies when users purchase a plan through the platform. </revenue_model> ```
What does Lumos Health do?
Lumos utilizes a proprietary dataset and algorithms to provide personalized cost estimates for health insurance plans, allowing users to understand their expected out-of-pocket expenses based on real healthcare usage data from similar individuals. This approach simplifies the decision-making process for consumers by enabling them to compare plans from various insurers, including those available on Healthcare.gov, without the confusion typically associated with health insurance selection.
Where is Lumos Health located?
Lumos Health is based in Fort Lauderdale, United States.
When was Lumos Health founded?
Lumos Health was founded in 2022.
Who founded Lumos Health?
Lumos Health was founded by Esteban Pimentel.
- Esteban Pimentel - Co-Founder
- Location
- Fort Lauderdale, United States
- Founded
- 2022
- Employees
- 3 employees