Gleam Care Analysis
What is Gleam Care?
Gleam specializes in providing personalized and affordable health benefits through ICHRA and group HRA plans. Their approach allows businesses to set fixed budgets while offering employees the flexibility to choose their insurance plans. This model transforms employee benefits by ensuring predictable costs and hassle-free administration.
Location
San Francisco, United States
Employees
1-10
Founded
2023
Product Features & Capabilities
- Personalized health benefits, ICHRA and group HRA plans, fixed monthly budget, seamless reimbursements, hassle-free administration, payroll integration, unlimited HRA cards, advanced ACA compliance tools, dedicated account manager, custom branding options.
Pricing
- SMALL BUSINESSES & STARTUPS: $25/enrolled employee/month (billed monthly)
- Customized ICHRA plans
- Unlimited HRA cards
- 50-state coverage
- Payroll integrations
- HIPAA, ERISA, COBRA & ACA compliance
- 1094-B/1095-B Reporting
- 1 EIN
- Personalized employee support
- LARGE EMPLOYERS: $32/enrolled employee/month (billed monthly)
- Everything in Small Businesses
- Advanced ACA Compliance Tools
- 1094-C/1095-C Reporting
- Multiple Employee Classes & Eligibility Options
- ENTERPRISES: Custom/enrolled employee/month (billed monthly)
- All Features in Large Employers
- Dedicated Account Manager
- White-Glove Onboarding
- Enterprise-Level Custom Integrations
- Advanced Analytics
- Multi-Entity Support
- Custom Branding Options
- Premium 24/7 Support & SLAs
Market Focus
Gleam Care primarily focuses on the health insurance industry, offering personalized health benefits through ICHRA (Individual Coverage Health Reimbursement Arrangements) and group HRA (Health Reimbursement Arrangements) plans for businesses.
Investors
- Liquid 2 Ventures
- Y Combinator
- 1984 Ventures
- Focal (VC)
- Hustle Fund
Business Model
Offers self-funded health insurance plans, charging businesses for administrative services and compliance.
Competitors Overview
Gleam Care operates in the health benefits market, specifically offering personalized and affordable health benefits through Individual Coverage Health Reimbursement Arrangements (ICHRA) and group Health Reimbursement Arrangements (HRA). Its main competitors include:
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PeopleKeep: Known for its user-friendly platform and strong customer support, PeopleKeep offers a comprehensive range of HRAs, including QSEHRA, ICHRA, and GCHRA. It is particularly suitable for small businesses.
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Remodel Health: This company specializes in ICHRA administration and provides additional services like Wage+ for post-tax wage increases. It offers a more comprehensive service with its ICHRA+ platform, which includes personalized support for larger employers.
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Take Command: Focused on small to midsize employers, Take Command provides HRA administration services and supports health plan shopping.
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Gravie: Offers an ICHRA administration platform along with level-funded health plans, catering to businesses looking for flexible health benefits.
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Venteur: A newer entrant that assists a range of businesses with ICHRA administration.
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Zorro: Provides both QSEHRA and ICHRA options, featuring AI-driven support and premium payment capabilities.
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HealthEquity: While primarily known for its HSA platform, it also offers ICHRA and other HRAs, though it lacks a QSEHRA option.
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HSA Bank: Focuses on health accounts and offers limited HRA options, primarily for retirees.
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Paychex: Primarily a payroll service that also provides HRA administration with limited customization.
These competitors differ in their target markets, service offerings, and levels of support, which can influence an employer's choice based on specific needs.
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