BeneStream
Company

Last deal

$885.7K

Amount

Venture - Series Unknown

Stage

12.01.2018

Date

6

all rounds

$10.5M

Total amount

General

About Company
BeneStream offers low-cost medical aid solutions for employers to comply with the Affordable Care Act.

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Sector :

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founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

BeneStream is a software-as-a-service company that helps employers facing tough choices under the Affordable Care Act (ACA). With new mandates requiring large employers to offer costly employer-sponsored insurance (ESI) to their entire full-time workforce, BeneStream provides a better choice for employers with a low-income workforce. They offer outsourced enrollment in Medicaid, which saves employers money while complying with ACA and provides free, comprehensive, and family coverage. Employers with more than 50 employees are considering financially tough choices such as offering ACA-compliant insurance to their low-income workforce, offering no insurance – and risk fines, and cut employee hours to part-time. BeneStream’s technology provides help to eligible low-income employees enroll in the federal Medicaid program, saving employers the cost of insurance for their low-income workforce while complying with the ACA. Their platform includes digital screening capabilities in addition to a call center of multilingual enrollment specialists and policy experts, enabling individuals and families to connect with an array of benefits they may or may not know are available to them.
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