Decent offers affordable health insurance for self-employed people.
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Added HCA (the largest hospital system in the world) to our network.HCA ($47B 2018 revenue) has 185 hospitals and thousands of affiliated facilities and clinicians nationwide, including Austin’s St. David’s and The Austin Diagnostic Clinic. Hospitals are the “anchor tenants” of health plans. This partnership will help us serve Austin members and expand quickly.
Hired Elijio Salas, former Associate Commissioner of the Texas Department of Insurance, as our Austin-based Broker Relations Lead.Elijio was a top broker before leading TDI’s Financial Licensing Division. He’s a sharp, kind, and connected lifetime Austinite. We’re delighted to make him our first Austin hire.
Launched a bronze plan, with the lowest bronze premiums in Austin for nonsmokers age 18 to 40. It’s preferred 4-to-1 in surveys vs. competition.
Partnered with Vericred to distribute our plans via thousands of brokers. Vericred offers a data translation layer between carriers and insurtech companies — think Plaid for health plan data. Their universal API will push our plan data to top online brokers and benefits platforms like BenefitMall, Gusto, Kind, GoCo and Stride — unlocking one-to-many distribution to help us grow fast during open enrollment and beyond.
Partnered with Catch (YC W19) to serve self-employed people. Kristen from Catch thinks Decent could be a “billion dollar company.” Catch’s personal benefits platform serves the 80MM people who don’t have access to employer benefits. Cofounder Kristen Tyrrell gave us a surprise shout out on the Forward Thinking Founders podcast — listen here at 21:09. Excerpts:
“What company most people don’t know of do you think is going to be really big in a decade?”KT: “I could list companies that went through YCombinator with us, but all of us are still pretty early … Decent. Decent.com. Health insurance is just too freaking expensive. We’re at the mercy of these big companies that have just terrible plans, high deductibles, really high costs. At the end of the day, we need better and cheaper insurance products. So Decent is taking a look at how do you rethink what that plan is? Can we make it more affordable? Can people pay less and have better care? It’s really hard, but there’s so much room for good, and obviously if they can crack that nut they’ll be a billion dollar company.”
We’re getting lots of investment interest and will fundraise after summer. We are proud of the progress we’ve made in a year. Huge thanks to the investors who have supported us so far.
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