Health IQ

Health IQ

Insurance brokerage for health-conscious individuals

About

Health IQ specializes in providing tailored insurance solutions for health-conscious individuals, focusing on products like Medicare and life insurance. The company uses proprietary data analytics to analyze clients' health records, allowing it to match them with insurance plans that offer better benefits and lower costs. This data-driven approach helps clients save money while ensuring they receive the most suitable coverage for their specific health profiles. Health IQ partners with national insurance carriers and searches through over 3,000 plans to find the best options for its clients. The company earns commissions from insurance carriers when clients purchase plans through its platform, aligning its interests with those of its clients. Health IQ aims to optimize insurance coverage for health-conscious individuals, making it a valuable resource in the insurance brokerage market.

Company Stage

Bankrupt

Employees

201-500

Industries

Data & Analytics, Financial Services

Total Funding

$132.8M

Headquarters

N/A

Founded

2014


Simplify Jobs

Simplify's Take

What believers are saying

  • Health IQ's data-driven approach can lead to significant cost savings and better coverage for health-conscious clients.
  • The company's focus on Medicare and health-related insurance products positions it well in a growing market segment.
  • Health IQ's new look and dedication to the Medicare space could revitalize its brand and attract a more focused customer base.

What critics are saying

  • The recent bankruptcy filing and plans to liquidate cast significant doubt on the company's financial stability and future.
  • Exiting the life and auto insurance spaces has led to layoffs, indicating potential instability and a shrinking market presence.

What makes Health IQ unique

  • Health IQ leverages proprietary data analytics to offer customized insurance plans specifically for health-conscious individuals, unlike traditional brokers who use more generalized approaches.
  • The company's commission-based model aligns its interests with those of its clients, incentivizing the search for the best possible plans.
  • Health IQ partners with over 3,000 national insurance carriers, providing a wide array of options tailored to individual health profiles.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-5%

2 year growth

-30%

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