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Health IQ

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Life insurance company for health conscious individuals

Mountain View, United StatesFounded 2014Biotech & Life Sciences

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Health IQ

Health IQ is a unique player in the insurance brokerage market, specializing in providing tailored insurance solutions for health-conscious individuals. The company primarily serves clients who are looking for Medicare, life insurance, and other health-related insurance products. Health IQ operates in the U.S. insurance market, leveraging its proprietary data analytics to offer customized plans that often come with better benefits and lower costs.

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The business model of Health IQ revolves around its ability to analyze detailed health records of its clients. By doing so, it can match them with insurance plans that offer more value for their specific health profiles. This approach not only helps clients save money but also ensures they get the most suitable coverage for their needs. The company partners with well-known national insurance carriers and searches through over 3,000 plans to find the best options for its clients.

Health IQ makes money through commissions from insurance carriers when a client purchases a plan through their platform. This commission-based model aligns the company's interests with those of its clients, as it incentivizes Health IQ to find the best possible plans to meet their needs.

In summary, Health IQ is revolutionizing the insurance brokerage industry by focusing on the health-conscious segment of the market. Its data-driven approach allows it to offer customized, cost-effective insurance solutions, making it a valuable resource for individuals looking to optimize their insurance coverage.

Source: Dealroom company data