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A Medicare-recommendation startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
Save the Date:
Oct. 14 -16 | Memphis, TN
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Enroll Hero
Enroll Hero helps seniors find the optimal Medicare plan in seconds with a data-driven personalized recommendation platform.
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Our vision is to empower a smarter retirement. Our machine-learning based platform helps optimize senior healthcare spend in two ways. First, we take user data to recommend the optimal Medicare health plan, across Medicare Advantage, Medicare Supplement, and Prescription Drug plans. Second, unlike traditional insurance brokers, our platform engages and monitors the user's Medicare account to ensure they are always on the right plan and paying the right amount every month. Think of it like credit monitoring for Medicare.
A recent Kaiser Family Foundation report showed that 80% of people overpay for their Medicare drugs by over $700 a year. For a population where half make less than $24,000 a year, our goal is to save each person on Medicare over a thousand dollars.
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What Problem Are They Solving?
If you are one of the 4 million people that turn 65 every year, you are required to sign up for a Medicare plan, even if you’re still working. And if you’re one of the 55 million people already on Medicare, you have to think about changing your plan every single year.
The problems are:
1. Picking the right plan is overwhelming.
2. There are hundreds of plans to choose from.
3. There are no good resources to help with this choice.
And the stakes are very high. Making the wrong choice can cost hundreds of extra dollars per month. Or worse, if you choose the wrong plan and get sick, you may not be fully covered.
We help seniors pick the optimal plan and enroll in minutes.
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What's Innovative About Their Solution?
We are different in that:
- We use machine learning in our decision engine to produce unbiased plan recommendations that improve with each recommendation.
- We calculate a "Total Cost" that includes co-pays and co-insurance rather than just monthly premiums to match the right plan to the individual.
- Our platform engages clients with monthly reports of potential savings and personalized offers. Traditional brokers "disappear" after the enrollment, but we engage with them with our software-based approach that scales
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⚙️ Product Stage
Beta—Public
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🏭 Industries
Insurance, Health & Wellness, Elderly Tech
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
$100k-500k
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🙌 Founder Demographics
Minority founder
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Big Wins
- Helped thousands of seniors with personalized recommendations
- Launched pilots with major insurers and partners
- One of the few companies approved by the CMS to access individual Medicare claims data and featured on Medicare.gov
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Contact the Founder:
Mark Lee
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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