Clara Insurance offers a modern supplemental benefit plan designed to provide wide-ranging, personalized coverage with quick cash payments for up to 93% of issues that require immediate medical attention. Plans are customizable, including optional additional coverage for chronic conditions and mental health, and the product has no pre-existing condition exclusions. Members can use payouts for medical bills or everyday expenses such as childcare, groceries, or transportation. Clara's claims technology and member app let users upload photos and file claims in minutes, with payouts delivered in hours rather than weeks, and members have access to a dedicated concierge team. The leadership team includes founder and CEO Veer Gidwaney (formerly of Maxwell Health) and senior hires from AXA US and Guardian Life; advisors and board members include executives from Atlassian, Humana, Two Sigma Ventures, and UnitedHealth. Clara will launch in Texas in summer 2020 and is headquartered in New York City.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

May 2020