Insurance navigator for freelancers and self-employed closes $23.5M Series B round

Insurance navigator for freelancers and self-employed closes $23.5M Series B round

Photo: Larry Washburn, Getty Images | MedCity News

Stride Health, a digital health business that identified a gap in the insurance benefits market for the self-employed and part time workforce, has closed a Series B round to grow the benefits network for these employees.  F-Prime Capital led the round with existing investors Venrock and New Enterprise Associates also participating alongside new investor Portag3 Ventures. The new capital will support the expansion of Stride Health’s benefits offerings.The company also plans to increase staff from 50 to increase the reach of the business to help more self-employed workers by boosting its marketing, product development, design and engineering teams.

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An employer benefits adviser has launched a genomic testing advisory business

An employer benefits adviser has launched a genomic testing advisory business

Photo: Natali_Mis, Getty Images | MedCity News

Health plans are increasingly willing to cover genetic tests and genetic testing companies such as 23andMe and Color Genomics are pitching to employers. Given the interest in these tests, it’s maybe not so surprising that employer benefits adviser Tom Wamberg has launched a business advising self-insured companies and insurance brokers about genomic testing through Wamberg Genomic Advisors.  The goal of the La Jolla, California-based company, is to make genomic testing readily accessible and affordable for everyone, Wamberg said in an emailed statement.  “The most promising avenues for widespread delivery of genomic testing are employee benefit programs and life insurance policies.”The price of genomic sequencing has also come down considerably to $1,000.

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5 unconventional proposals to stabilize the individual health insurance market

5 unconventional proposals to stabilize the individual health insurance market

Photo: Niyazz, Getty Images | MedCity News

 With Republican efforts to “repeal and replace” the Affordable Care Act stalled, tentative bipartisan initiatives are in the works to shore up the fragile individual insurance market that serves roughly 17 million Americans.  The Senate Health, Education, Labor and Pensions Committee launches hearings the week Congress returns in September on “stabilizing premiums in the individual insurance market” that will feature state governors and insurance commissioners. A bipartisan group in the House is also working to come up with compromise proposals.

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