Sana, an Austin-based insurtech startup, has announced that it is expanding its operations to Ohio to provide more comprehensive and affordable health plans to local businesses.
Expansion into the new market comes close to $ 20 million in Sanaa and less than a month away A round of series funding, which provided capital to startups to promote plans to expand into new markets. With the addition of Ohio, Sanaa coverage is now available in Arizona, Oklahoma, Texas, Illinois and Kentucky. Will Young, founder and CEO of Sanaa, said of the expansion:
“Sana measures its success in the number of people we can help, providing better health care and lower costs. Ohio has a thriving business environment and more than 850,000 small businesses, making the state the next natural market for us. We hope to give Ohio small and medium-sized businesses a better chance at the quality of the health benefits they provide to their employees, rather than the “negotiated rate” of care that is difficult to obtain and navigate.
Sana provides the Fortune 500 and small businesses with a simplified insurance experience as a result of its simplified plans, providing up to 20% savings in premiums, providing high-quality coverage to employees. Ohio’s decision to suspend the local market follows the startup’s mission to provide alternatives to oligopolistic health insurance that has become the norm in the United States.
According to 2020 census, Ohio is the 7th most populous state in the United States. However, according to the Ohio Health Policy Institute’s April 2021 Health Value Control panel, the state ranks 47th out of 47 in terms of health value, despite the fact that the average local expenditure on health is higher than that of other member states. Gisela Girard, president and co-founder of Creative Civilization, mentioned how Sana’s approach has benefited her boutique marketing and advertising agency:
“When I look at the extent of the coverage we get from the planet Sana, it’s refreshing. Our staff love all the $ 0 health options. The availability of health care is unlike anything we’ve experienced with our previous insurance for over 20 years, and the personalized care and support we receive is outstanding. ”
By making high-quality health insurance more affordable, Sana wants to play a role in changing the way we think about health coverage in the United States. Startups intend to continue to expand in the United States, allowing small businesses and startups to ensure the health of their employees in an increasingly hostile market.