What is Self?
Self Insured Advantage specializes in offering self-funded health insurance plans tailored for small and medium-sized businesses throughout New England. The company distinguishes itself through its Self Insurance Certified Specialists®, who demystify the complexities of self-insured plans for clients. Recognizing that health insurance is often a business's second-largest expense after salaries, Self aims to empower employers with greater control over their healthcare expenditures, thereby reducing overall insurance costs without compromising employee benefits or provider networks, and crucially, without increasing risk exposure. They bring large-company benefit strategies and advanced technology, including The Johns Hopkins University ACG® Predictive Model and Healthcare Bluebook, to the mid-market, leveraging experienced administrators with high client retention rates.
How much funding has Self raised?
Self has raised a total of $661K across 1 funding round:
Debt
$661K
Debt (2024): $661K with participation from Customers Bank
Key Investors in Self
Customers Bank
Customers Bank is a financial institution that likely provides debt financing and banking services, supporting companies like Self with their capital needs.
What's next for Self?
With the recent major strategic investment, Self is poised to enhance its technological offerings and expand its market reach. The company's focus on leveraging predictive modeling and cost-saving tools, combined with strong administrative partnerships, suggests a strategic push towards solidifying its position as a leader in innovative self-funded health insurance solutions. Future developments are likely to center on further optimizing healthcare spend for businesses while maintaining comprehensive benefits, potentially exploring new geographic markets or industry verticals.
See full Self company page
