medZERO provides a platform that enables employees to access funds for out-of-pocket healthcare expenses with zero interest and no fees, allowing for repayment over time. This addresses the rising burden of healthcare costs, enabling employees to manage expenses without incurring debt or undergoing credit checks.
Funding
$8.7M 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
Employees are increasingly burdened by rising out-of-pocket healthcare expenses, leading to financial strain and deferred care. Many families cannot afford unexpected medical bills, forcing them to take on debt or deplete their savings.
Solution
medZERO provides employees with on-demand access to funds for managing out-of-pocket healthcare costs, offering a zero-interest and zero-fee repayment plan. This benefit integrates with existing health plans and HSAs, allowing employees to use pre-tax dollars and save up to 30% on healthcare expenses. The platform eliminates the need for credit checks, providing instant approval and 24/7 access to funds via a mobile app. By bridging the gap between healthcare costs and employee financial stability, medZERO enhances employee well-being, reduces financial stress, and promotes better healthcare utilization. The program ensures providers are paid in full, simplifying the payment process for both employees and healthcare providers.
Target Audience
medZERO targets employers looking to enhance their benefits packages and improve employee financial wellness, as well as employees seeking affordable and accessible healthcare financing options.
Features
- On-demand access to funds for healthcare expenses with zero interest and zero fees
- Integration with existing benefit plans, including HSA compatibility for pre-tax payments
- Mobile app for 24/7 access to funds and account management
- No credit checks required for employee enrollment
- Repayment plans aligned with employee pay cycles
- Expanded coverage to include pet medical expenses and fertility treatments
- Virtual card functionality for immediate payment to healthcare providers
- Employer dashboard for benefit program management and employee support