# HealthPlanOne

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/healthplanone

- Industry: Insurance
- Headquarters: Trumbull, US
- Website: www.hpone.com/
- Total disclosed funding: $6.5M
- Latest round: Series A (Apr 21, 2008)
- Investors on record: 2

## About

HealthPlanOne, LLC, based in Trumbull, Connecticut, is a company focused on providing tailored health and Medicare insurance plans, assisting individuals in navigating the complexities of Medicare coverage.HealthPlanOne offers insurance solutions that primarily serve the Medicare market. Founded in 2006 in Trumbull, Connecticut, the company has engaged in 4 deals, with its most recent deal occurring on June 22, 2020. This round included a Series A funding of USD 6.50 mn led by FirstMark Capital, which fully accounts for their total raised amount. HealthPlanOne operates under the leadership of CEOs Benjamin Pajak and Bill Stapleton.HealthPlanOne specializes in comprehensive health and Medicare insurance plans designed for individuals seeking support in navigating Medicare complexities. Their offerings include Medicare Advantage plans, Medicare Supplement plans, and Medicare Part D prescription drug plans, aimed at enhancing healthcare access for seniors across the United States, particularly in Florida, Texas, and California. They provide personalized consultations to assist clients in making informed decisions regarding their healthcare coverage.HealthPlanOne generates revenue through direct-to-consumer sales of insurance products, earning commissions from insurance carriers for each policy sold. Their model involves personalized consultations with licensed agents who help clients select appropriate Medicare plans based on individual needs. While specific pricing plans are proprietary, their offerings consist of monthly premiums and out-of-pocket costs associated with chosen insurance plans.Looking ahead, HealthPlanOne is focused on developing new products tailored to market needs and enhancing their service offerings. The recent funding from the Series A round in June 2020 will be utilized to bolster their expansion efforts into additional markets. The company plans to target new geographic regions, with specific emphasis on enhancing their presence in underserved areas to reach a broader audience by 2022. Following the acquisition by Lightyear Capital, the company is positioned to leverage new resources to support these growth initiatives.

## Funding rounds

- Series A, Apr 21, 2008, $6.5M — Greycroft, FirstMark Capital

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A