Coverance
Coverance is a Long Beach, California-based private insurance distribution company founded in 2017 that helps seniors find and enroll in affordable Medicare insurance plans. The company has 11-50 employees and is led by CEO Christopher Mullins.
- Company typePrivate
- Founded2017
- HeadquartersLong Beach, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Coverance firmographics
Firmographics- Name
- Coverance
- Website
- https://coveranceis.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Coverance is a Long Beach, California-based private insurance distribution company founded in 2017 that helps seniors find and enroll in affordable Medicare insurance plans. The company has 11-50 employees and is led by CEO Christopher Mullins.
- Ownership category
- akta.pro rank
Coverance industry classification
Industry- Product category
- Medicare Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321)
- akta.pro primary industry
- Medicare Supplement (Medigap) (FSAIAEAG)
Keywords
Where Coverance is headquartered
LocationHeadquarters
- HQ city
- Long Beach
- HQ country
- United States
- HQ region
- North America
Markets served
Coverance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Coverance product offering
Product offeringCore offering
Coverance is an insurance agency that helps seniors obtain affordable, high-quality Medicare Insurance products matched to their individual needs. The firm operates as a brokerage/advisor rather than an insurance carrier, guiding senior consumers through Medicare plan selection. Operations center on Long Beach, California, and serve the U.S. senior market.
Differentiator
Problem solved
Functional benefit
Products and services
- Medicare Insurance Advisory / Brokerage Services Personalized Medicare insurance advisory and brokerage service that helps U.S. seniors compare and select affordable, high-quality Medicare plans matched to their individual healthcare and budgetary needs.
Companies that use Coverance
Customer profileIdeal customer profiles1 record
Coverance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coverance competitors and assessment
Company assessmentBroad incumbents
- Humana: Humana is one of the largest Medicare Advantage and Medicare Supplement carriers in the US, serving as both a key carrier partner and a competitive carrier-direct channel for Coverance.
- UnitedHealthcare: UnitedHealthcare is the largest Medicare Advantage carrier in the US and offers its own direct enrollment channels and agent networks, representing both a partner relationship and a competitive incumbent for Coverance.
- Medicare.gov: Medicare.gov is the official government Medicare plan-finder portal. It is the dominant incumbent in Medicare plan comparison and represents the primary direct (non-broker) channel with which Coverance's agents must coexist.
Direct peers
- eHealth: eHealth is an online health insurance marketplace with strong Medicare plan-comparison and enrollment offerings for seniors, competing head-to-head with Coverance for the same Medicare-eligible consumer.
- Senior Market Sales: Senior Market Sales is an independent insurance agency specializing in Medicare and senior-market products, directly overlapping with Coverance's niche focus and distribution model.
- QuoteWizard: QuoteWizard is an insurance comparison and lead-generation platform with Medicare product offerings, comparable to Coverance in its role as an intermediary channel between seniors and insurance carriers.
- HealthInsurance.com: HealthInsurance.com operates as a consumer-facing health insurance brokerage with Medicare plan options, targeting the same senior buyer and competing with Coverance for online lead conversion.
- SelectQuote: SelectQuote is a leading direct-to-consumer insurance brokerage specializing in Medicare-related products (Medicare Supplement, Advantage, Part D) for seniors, making it a direct competitor in Coverance's core market with a similar senior-focused sales motion.
- GoHealth: GoHealth operates a technology-driven Medicare insurance marketplace and brokerage serving seniors, directly comparable to Coverance's Medicare-focused brokerage model and target demographic.
Others
- CUNA Mutual Group: CUNA Mutual Group is an insurance and financial services provider focused on the credit-union industry and led Coverance's 2020 Series 2 round, making it both an investor and a potential distribution/infrastructure ally.
Market position
Customer concentration
Coverance social profiles
Digital presenceCoverance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coverance leadership team
Management profileNumber of profiles
Profiles1 record
Coverance funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coverance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coverance
What does Coverance do?
Coverance is an insurance agency that helps seniors obtain affordable, high-quality Medicare Insurance products matched to their individual needs. The firm operates as a brokerage/advisor rather than an insurance carrier, guiding senior consumers through Medicare plan selection. Operations center on Long Beach, California, and serve the U.S. senior market.
Is Coverance a public or private company?
Coverance is a private company. It is classified as venture growth investor backed and is currently operating.
When was Coverance founded?
Coverance was founded in 2017. It employs 11 to 50 people.
Where is Coverance based?
Coverance is headquartered in Long Beach, United States, in the North America region.
Who are Coverance's main competitors?
Broad incumbents on record are Humana, UnitedHealthcare and Medicare.gov. Direct peers are eHealth, Senior Market Sales, QuoteWizard, HealthInsurance.com, SelectQuote and GoHealth. CUNA Mutual Group is listed as an others.
Does Coverance have an API?
No public API is recorded for Coverance.
What industry is Coverance in?
Coverance's product category is Medicare Insurance Brokerage. Its primary akta.pro industry code is FSAIAEAG, Medicare Supplement (Medigap). Its NAICS code is 52421 and its SIC code is 6411.