Health IQ

Health IQ

Health-focused insurance brokerage with data-driven plans

Overview

Health IQ serves as an insurance brokerage that helps health-conscious individuals find Medicare, life insurance, and other health-related coverage. Its product works by analyzing clients’ health information and comparing them against a database of over 3,000 plans from national carriers to identify plans that offer better value for each person’s health profile. The company earns commissions from carriers when clients purchase a plan through its platform, aligning its incentives with client outcomes. What sets Health IQ apart is its use of proprietary data analytics to tailor plans to individual health data and its focus on the health-conscious segment, rather than offering generic products. The goal is to provide customized, cost-effective insurance coverage that fits each client’s health needs and helps them optimize their protection in the U.S. market.

About Health IQ

Simplify's Rating
Why Health IQ is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Data & Analytics

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$136.5M

Headquarters

Mountain View, California

Founded

2014

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Simplify's Take

What believers are saying

  • The company still markets Medicare on healthiq.com and healthiq.com/contact as of 2025.
  • Health IQ retained some Medicare operations after exiting life and auto insurance in 2025.
  • Its proprietary health-conscious positioning remains recognizable if buyers acquire the brand or data assets.

What critics are saying

  • Health IQ filed Chapter 7 in Delaware on August 30, 2023, forcing liquidation.
  • Liabilities reached nearly $257 million against $1.3 million in assets, crushing recovery prospects.
  • Coverager reported January 2026 layoffs cut over half the workforce and funding dried up.

What makes Health IQ unique

  • Health IQ built insurance matching around health records and 3,000 plan comparisons.
  • The brand targeted health-conscious consumers, a narrower niche than traditional insurance brokerages.
  • Management shifted toward Medicare sales agents, leveraging a large, specialized outbound distribution machine.

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Funding

Total Funding

$136.5M

Below

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$55M
Health IQ
$70M
Twilio
$80M
Handshake
$100M
Affirm

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Forbes
Sep 11th, 2023
Andreessen Horowitz And Others Poured $200 Million Into Startup Health IQ. Now It's Bankrupt

Andreessen Horowitz and others poured $200 million into startup Health IQ.

Bloomberg Law
Aug 31st, 2023
VC-Backed Life Insurance Startup Health IQ Intends to Liquidate

Health IQ, a life insurance startup backed by prominent investors including venture capital firm Andreessen Horowitz and a growth fund managed by Aquiline Capital Partners, has filed bankruptcy with plans to liquidate.

Coverager
Dec 19th, 2022
Layoffs At Health Iq

Based on information obtained by Coverager, . Health IQ <i class="fa fa-info-circle company-popover" data-content="h3Health IQ/h3. div

Coverager
May 5th, 2022
Health Iq Has A New Look

The company now has a new look as it dedicates itself to the medicare space.  The post Health IQ has a new look appeared first on Coverager - Insurance news and insights.

Coverager
Apr 13th, 2022
Health Iq Exits The Life And Auto Space

This decision resulted in a number of employees losing their jobs. The post Health IQ exits the life and auto space appeared first on Coverager - Insurance news and insights.

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