The startup offers a healthcare exchange platform that enables users to compare health insurance plans side-by-side, providing detailed cost breakdowns for medical appointments and procedures. Its mobile application simplifies the enrollment process, empowering users to make informed decisions that can lower their overall healthcare expenses.
Funding
$3.6M 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
Small group health insurance can be difficult for agents and brokers to profitably manage due to complex quoting, enrollment, and administrative processes. Existing systems often require significant time and manual effort, reducing efficiency and profitability.
Solution
MyHealthily provides a streamlined platform designed to simplify and expedite the management of small group health insurance for agents and brokers. The platform offers real-time quoting from over 170 carriers, paperless enrollment, and centralized benefits administration. By consolidating these functions into a single interface, MyHealthily reduces the time spent on quoting, plan selection, enrollment, and client management by up to 70%. The platform supports both fully insured and medically underwritten plans, enabling agents to offer a wider range of options to their clients.
Target Audience
The primary target audience includes insurance agents and brokers who serve small businesses and are looking to increase efficiency and profitability in managing small group health insurance plans.
Features
- Real-time quoting for medical, ancillary, and voluntary benefits from over 170 national carriers
- Level-funded plan options with medical underwriting
- Paperless enrollment with e-signatures
- Integrated benefits administration for HR managers, owners, and employees
- Client co-management features for employers and agents
- Automated proposal generation
- Commission management and reporting
- Integration with Prosper Benefits for cost-saving tools