About

Gravie provides health benefits by offering straightforward and affordable health plans, primarily targeting individuals and small to midsize businesses. Their main product, Comfort, stands out because it has no deductible and no copays for most common healthcare services, allowing members to access care without unexpected costs. Additionally, Comfort includes virtual care options for musculoskeletal and mental health issues. Gravie also offers a payment solution called Gravie Pay, which enables members to pay for healthcare expenses interest-free, further easing financial stress. Unlike traditional health plans, Gravie claims that Comfort members save on out-of-pocket costs, and employers switching to Gravie often see lower premium expenses. The company has a high retention rate, indicating that many employees choose to continue with the Comfort plan in subsequent years. Gravie's goal is to simplify health benefits and reduce the financial burden of healthcare for its members.

Simplify's Take

What believers are saying

• Gravie's recent $179 million equity investment from General Atlantic and others indicates strong financial backing and growth potential.
• The high retention rate and reported cost savings for both employers and employees suggest a highly satisfied customer base.
• The addition of experienced executives like Ken Paulus and Andrew Reeves to the board and leadership team strengthens Gravie's strategic direction and industry expertise.

What critics are saying

• The health insurance market is highly competitive, and Gravie must continuously innovate to maintain its edge.
• The company's rapid growth and numerous new hires could lead to integration challenges and potential operational inefficiencies.

What makes Gravie unique

• Gravie's Comfort plan eliminates deductibles and copays for most common healthcare services, a stark contrast to traditional health plans.
• The inclusion of virtual musculoskeletal and mental health care services sets Gravie apart in the health benefits market.
• Gravie Pay offers an interest-free payment solution, further reducing the financial burden on members, unlike many competitors.