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Level
Employee health insurance for businesses
- 101-200 employees
- B2B
- Personal health
- Insurance
- Tremont, NY
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Company mission
To build a healthier professional ecosystem.
51% employee growth in 12 months
Our take
The dental insurance industry is often confusing, slow and expensive. Insurance plans restrict locations where claims are valid, and this can prevent people from getting the dental work that they need. Level aims to resolve these challenges by redesigning insurance systems from the ground up.
By designing flexible networks and systems that support real-time claims, the startup plans on abolishing laborious claim processes. Level has the ability to process claims in four hours, compared to 30-60 days for traditional players. Furthermore, the company aims to provide their insurance plans as workplace benefits through collaborating with employers.
The company has more than 10,000 members to date. Whilst Level currently focuses on dental and vision care insurance, the company has begun to use funding to branch out to other areas of health, whilst also expanding te reach of its existing products.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Remote first - Remote work is the new norm, and we recognize that our teams — based in the US and Canada — don’t need to be in the office to have an impact. We have an office in NYC for those who’d like the option to come in
- Flexible paid time off - Prioritizing time away from our desks allows us to be productive and refreshed at work. We also offer up to 10 days of paid sick leave per year so you can take care of yourself and your family
- Comprehensive health insurance - We provide high quality health insurance and a One Medical membership for our US-based teams and their dependents
- Vision funds - We cover 100% of vision care — eye exams, glasses, contacts, even Lasik — up to the annual max via our Level product for our US-based teams and their dependents
- Quarterly company sponsored events - We bring everyone together virtually and in-person for guest speaker events, wellness sessions, and team bonding activities
- Learning and development programs
- Food, wellness, and office funds - From groceries and yoga classes to headphones and office space, our teams use their Level Card to spend benefit dollars on what’s meaningful to them
- Fully paid parental leave - Family time is important so we offer up to 14 weeks for primary and 8 weeks for secondary caregivers
- Dental funds - We cover 100% of preventive, basic, and major dental care — even orthodontia — up to the annual max via our Level product for our US-based teams and their dependents
Company values
- Create clarity - We serve people by making things simple. Transparency builds trust. Clarity empowers choice
- Celebrate teamwork - We get better, together. Collaboration is our superpower for building a great product, culture, and business
- Bring curiosity - There’s always more to learn. There’s always a better way to do things
- Go fast - Speed delights customers and unlocks compounding progress for our team
- Design for balance - When a network is balanced, it thrives. When everything is connected, every detail matters
- Cultivate craft - We develop our skills to put them to work. We invest in our people
Funding (2 rounds)
Apr 2021
$27m
SERIES A
Apr 2019
$3.8m
SEED
Total funding: $30.8m
This company has top investors
Leadership
Paul Aaron
(CEO)Studied at LSE and UCLA before joining Ernst & Young as an Analyst in 2003. Moved to Square's Product division in 2010 and later Oscar Health's Product division, a health insurance company in 2015. Founded Level in 2018.