Gravie, a company that provides a new way for individuals to shop, compare, buy and manage their health insurance for free, has partnered with several new employers including a bakery, bringing its total number of US employer clients to more than 700 – collectively representing more than 20,000 people.
By switching from group insurance to offering employees individual health insurance through Gravie, companies have saved an average of 36 percent.
New employers that Gravie recently signed contracts include Isles Bun & Coffee, a cinnamon bun and cookie retail bakery in Minneapolis. In addition, Gravie also recently announced partnerships with Wake Technical Community College and Ivy Tech Community College – community college systems based in North Carolina and Indiana, respectively – to help their combined 75,000 students find affordable health insurance.
"From a bakery to a church, and from an athletic specialty store to a loyalty rewards company, these new customers show the wide range of employers and employees who can benefit from our services," says Abir Sen, Gravie CEO and co-founder. "We're thrilled to bring new health insurance options to these employers and are looking forward to helping their employees shop, compare, buy and manage their health insurance."
Gravie has seen significant growth over the last 24 months – its revenues have grown almost 20 times and it now has more than 85 employees. The company attributes its growth to being at the forefront of providing the tools and resources needed to shop the individual insurance market, coupled with an increasing interest amongst employers to outsource burdensome health benefits administration to experts.
There are also benefits for employees. Gravie helps the employee figure out all the sources of funding available to them to pay for their health coverage, including the government tax credits introduced by the Affordable Care Act.
Gravie also recently launched the Gravie 101 eBook available here, and a Healthcare Options Tip Sheet, available here, which help employers and employees understand how Gravie works and their healthcare options respectively.