Waterlily uses AI to forecast an individual's long‑term care timeline, costs, and coverage based on health and financial data, delivering a secure, HIPAA‑compliant report with personalized financing options. The platform lets users and their advisors share and update plans, and a subscription provides ongoing revisions and access to a marketplace of care coverage solutions.
Funding
$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
Many individuals lack a clear understanding of when they will need long‑term care, how much it will cost, and how existing insurance and savings will cover those expenses. This uncertainty can lead to inadequate financial preparation, placing unexpected burdens on personal savings and family members.
Solution
Waterlily applies artificial intelligence to project a user’s future long‑term care timeline and associated costs based on personal health data and financial information. The platform delivers an instant, secure report that outlines the likely start age, duration, and expense of care, as well as the portion covered by current insurance and assets. Users can then explore affordable care options and build a personalized financing plan, with the ability to share and update the plan with family members or financial advisors. A subscription unlocks ongoing plan adjustments and access to a curated marketplace of coverage solutions, ensuring the plan remains aligned with changing circumstances. All data handling complies with HIPAA and SOC 2 standards, providing a trusted environment for sensitive health and financial information.
Target Audience
Primary users are individuals planning for their own long‑term care needs and families seeking to protect their loved ones, as well as financial advisors and wealth‑management professionals who assist clients with care financing.
Features
- AI-driven forecasting model that estimates care start age, duration, and total cost
- Integrated analysis of existing insurance policies, Medicare benefits, and personal savings
- Personalized financing recommendations and care option comparisons
- Secure, HIPAA‑compliant data collection and storage with SOC 2 certification
- Shareable plan format for families and advisors, with real‑time update capabilities
- Subscription tier ($9.99 / year) that enables ongoing plan revisions and access to coverage marketplace