Zorro provides an AI‑driven ICHRA platform that lets employers set fixed contribution budgets while offering employees personalized, ACA‑compliant health plan choices, and gives brokers tools to manage and grow their ICHRA book of business.
Funding
$11.5M 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.
PVFounders
Product
Problem
Traditional employer-sponsored health benefits often involve opaque costs, inflexible "one-size-fits-all" plans, and significant administrative burdens for employers, while employees face limited personalization options and potentially high expenses.
Solution
Zorro offers a health insurance platform leveraging Individual Coverage Health Reimbursement Arrangements (ICHRA) to provide employers with a customizable benefits budget for each employee. This allows employees to select personalized benefit bundles tailored to their individual needs, promoting choice and flexibility. Employers gain cost predictability by setting a defined allowance per employee, while Zorro manages the benefits process from end to end, reducing administrative overhead. The platform aims to simplify health benefits administration and empower employees to choose optimal coverage.
Target Audience
Zorro targets employers, particularly those seeking cost-effective and flexible health benefit solutions, and brokers looking to offer innovative ICHRA plans to their clients.
Features
- Customizable benefits budget allocation per employee via ICHRA.
- Employee self-service portal for personalized benefit bundle selection.
- Automated benefits administration, including enrollment and compliance.
- Cost predictability for employers with fixed allowance amounts.
- Turnkey solution managing the benefits process from end to end.
- Support for diverse employee needs through individualized benefit choices.