Clasp provides a cloud‑based benefits administration platform that automates quoting, group creation, and open enrollment for health‑insurance plans. By connecting directly to carriers and offering API, SDK, or managed‑service integration, it delivers real‑time eligibility checks, 24/7 compliance monitoring, and hands‑free carrier data synchronization, reducing manual work and errors for brokers and employers.
Funding
$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.
Founders
Product
Problem
Employers and brokers face time‑consuming, error‑prone processes when setting up employee benefit groups, managing open enrollment, and maintaining carrier connections, leading to eligibility discrepancies and compliance risks.
Solution
Clasp offers a cloud‑based benefits administration platform that automates quoting, group building, and open enrollment through a modular API, SDK, or managed service. The system connects directly to insurance carriers, synchronizing eligibility data and handling compliance monitoring 24/7 without manual intervention. Real‑time carrier feeds and automated eligibility checks reduce discrepancies and accelerate group setup from hours to minutes. Brokers and employers can embed the platform into existing workflows, gaining a single source of truth for ACA, COBRA, and other health‑insurance programs. The solution also provides dashboards and alerts to keep users informed of upcoming compliance deadlines and enrollment milestones.
Target Audience
Primary customers are employee‑benefits brokers and midsize to large employers who manage health‑insurance enrollment and compliance through payroll or HR systems.
Features
- Instant benefit quoting with carrier‑direct feeds for ACA, COBRA, and other plans
- API, SDK, and managed‑service options for seamless integration into existing payroll or HR stacks
- Automated group creation and open enrollment workflows that complete in minutes
- 24/7 compliance monitoring with proactive alerts for regulatory deadlines
- Hands‑free carrier connection automation that eliminates manual data entry and reduces eligibility errors
- Modular infrastructure that supports custom extensions and future benefit products