HealthCare.com, a Miami, FL-based search and comparison engine for personal health insurance plans, secured $7.5m in Series A funding.
The round is being led by Jeffery H. Boyd’s Brothers Brook, LLC, and Robert J. Mylod, Jr.‘s Annox Capital. In connection with the HealthCare.com investment, Mr. Boyd has joined the Board of HealthCare.com.
The company intends to use the funds to continue to build out its consumer interfaces and service offerings, and expand its reach in the online healthcare market.
Led by Jeff Smedsrud, Chief Executive Officer, HealthCare.com offers a selection of health insurance options, including virtually all of the state-based exchange plans, federal exchange plans and many private, off-exchange plans. Consumers can compare costs and subsidies for free and purchase their insurance online, over the phone with a licensed advisor, or in person with a local agent.
Open enrollment for purchasing health insurance for 2015 or renewing current healthcare plans begins Nov. 15, 2014, and runs through Feb. 15, 2015.