Clearwater Benefits
Clearwater Benefits is a private Austin-based health benefits platform operating as its own search engine, broker, and third-party administrator, offering Major Medical, Healthshare, and supplemental insurance plans to individuals, families, small businesses, and brokers across all 50 US states.
- Company typePrivate
- Founded-
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Clearwater Benefits firmographics
Firmographics- Name
- Clearwater Benefits
- Legal name
- Clearwater Benefits
- Website
- https://clearwatersavings.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clearwater Benefits is a private Austin-based health benefits platform operating as its own search engine, broker, and third-party administrator, offering Major Medical, Healthshare, and supplemental insurance plans to individuals, families, small businesses, and brokers across all 50 US states.
- Ownership category
- akta.pro rank
Clearwater Benefits industry classification
Industry- Product category
- Health Insurance Brokerage
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Services-Health Services (8000)
- akta.pro primary industry
- Individual Health Insurance Administration (TPA/ASO) (FSAIAEAK)
- akta.pro secondary industries
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), High-Deductible Health Plans (HDHP) with HSA-Eligible Coverage (FSAIAFAM), Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN), Dental Benefit Administration (DBA) & ASO/TPA for Dental (HLAEAIAJ), Vision Benefit Administration (VBA) / Vision TPA (ASO) (HLAEAJAI)
Keywords
Where Clearwater Benefits is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Markets served
Clearwater Benefits business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Premiums: Clearwater generates revenue through insurance premiums for Major Medical plans and healthshare memberships, including plans for individuals, families, and small businesses.
- Supplemental Insurance Products: Revenue from dental and vision supplemental insurance plans offered independently or bundled with medical coverage.
- Broker Commissions: Clearwater distributes through broker channels and generates revenue from commissions on plan sales through distribution partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Major Medical - Copay Plans |
| Subscription | Monthly | Major Medical - HSA Plans |
| Subscription | Monthly | Healthshare - Basic |
| Subscription | Monthly | Healthshare - ClearShare |
| Subscription | Monthly | Supplemental Insurance |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Clearwater Benefits product offering
Product offeringCore offering
Clearwater Benefits functions as its own search engine, broker, and third-party administrator (TPA) for Major Medical insurance plans and healthshare memberships. The company designs and distributes major medical products (copay and HSA variants), healthshare memberships (Basic and HSA variants), Clearshare, and supplemental insurance to individuals, families, small/medium businesses, and brokers across all 50 U.S. states.
Product overview
Clearwater Benefits offers a unified health benefits platform combining Major Medical insurance plans and Healthshare memberships available nationwide. The portfolio consists of two Major Medical plan types (Copay and HSA) and three Healthshare options (Basic, HSA, and Clearshare), plus Supplemental Insurance add-ons. The company operates as its own search engine, broker, and third-party administrator (TPA), providing consultative services to help individuals, families, and businesses find, purchase, and manage their health plans through a single platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Major Medical Copay Major medical insurance plan structured around copayments, offered to individuals, families, and small/medium groups across all 50 U.S. states.
- Major Medical HSA Health Savings Account (HSA)-eligible major medical insurance plan, offered to individuals, families, and small/medium groups across all 50 U.S. states.
- Healthshare Basic Entry-level healthshare membership offering for individuals, families, and small/medium groups seeking an alternative to traditional major medical insurance.
- Healthshare HSA Healthshare membership variant structured to be compatible with Health Savings Account (HSA) use, offered to individuals, families, and small/medium groups.
- Clearshare A Clearwater Benefits-distributed healthshare-related offering, extending the company's healthshare portfolio alongside the Basic and HSA variants.
- Supplemental Insurance Supplemental insurance products offered alongside major medical and healthshare plans to individuals, families, and small/medium groups.
Quantifiable outcome
- Members can save up to 60% and $10,000 a year on healthcare costs
- +3 more outcomes
Companies that use Clearwater Benefits
Customer profileNamed customers8 records
Segments6 records
Ideal customer profiles3 records
Clearwater Benefits technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Clearwater Benefits partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Well AwarecoreFor every new enrollment, Clearwater makes a donation to Well Aware, helping provide access to clean water for communities in Africa. This is a social impact partnership that differentiates Clearwater's brand positioning and creates goodwill among customers who value corporate responsibility.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
Clearwater Benefits competitors and assessment
Company assessmentDirect peers
- Healthcare.com: Online health insurance marketplace and broker offering individual, family, and small-business plans from multiple carriers. Closely comparable to Clearwater's direct-to-consumer and broker-assisted Major Medical distribution model.
- eHealth: Public insurance marketplace and broker focused on individual/family Medicare and ACA health plans. Directly comparable as a multi-carrier health insurance broker with technology-enabled quoting and enrollment at national scale.
- GoHealth: Technology-driven health insurance marketplace with a large inside-sales broker force. Comparable in offering broker-assisted individual and Medicare plan distribution across the U.S.
- SelectQuote: Direct-to-consumer insurance distributor with multi-carrier quoting across health, life, and senior products. Comparable lead generation and broker-assisted distribution mechanics.
- Sedera: Medical cost-sharing (healthshare) membership organization offering an alternative to traditional health insurance for individuals and small groups. Most direct comparable for Clearwater's Healthshare Basic/HSA/Clearshare products.
- Christian Healthcare Ministries (CHM): Long-standing health cost-sharing ministry offering individual and family memberships. Comparable as a non-insurance alternative to Major Medical that Clearwater bundles alongside regulated plans.
- OneShare Health: Faith-based health cost-sharing organization offering individual, family, and group memberships. Comparable on healthshare product design, distribution, and regulatory posture.
- Medi-Share (Christian Care Ministry): One of the largest U.S. healthshare programs with nationwide individual and family memberships. Comparable product and target buyer, and a useful benchmark for scaling healthshare distribution.
Broad incumbents
- Zander Insurance Group: Established multi-line insurance broker and agency offering individual, family, and group health alongside other coverages. Comparable as a broker-distributed health benefits provider with broader product portfolio.
Emerging players
- Lemonade: Digital-native insurance carrier using AI-driven underwriting and a tech-first UX to sell health, renters, pet, and life insurance. Comparable as a technology-led challenger competing for the same digital-first, cost-conscious buyer Clearwater targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Clearwater Benefits social profiles
Digital presenceClearwater Benefits financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clearwater Benefits leadership team
Management profileNumber of profiles
Profiles1 record
Clearwater Benefits funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clearwater Benefits 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 Clearwater Benefits
What does Clearwater Benefits do?
Clearwater Benefits functions as its own search engine, broker, and third-party administrator (TPA) for Major Medical insurance plans and healthshare memberships. The company designs and distributes major medical products (copay and HSA variants), healthshare memberships (Basic and HSA variants), Clearshare, and supplemental insurance to individuals, families, small/medium businesses, and brokers across all 50 U.S. states.
When was Clearwater Benefits founded?
Clearwater Benefits was founded in -1. It employs 11 to 50 people.
Where is Clearwater Benefits based?
Clearwater Benefits is headquartered in Austin, United States, in the North America region.
How does Clearwater Benefits make money?
Three revenue lines are on record. Insurance Premiums are the primary driver. The others are supplemental Insurance Products and broker Commissions.
Who are Clearwater Benefits's main competitors?
Direct peers on record are Healthcare.com, eHealth, GoHealth, SelectQuote, Sedera, Christian Healthcare Ministries (CHM), OneShare Health and Medi-Share (Christian Care Ministry). Zander Insurance Group is listed as a broad incumbent. Lemonade is listed as an emerging player.
Does Clearwater Benefits have an API?
No public API is recorded for Clearwater Benefits.
What industry is Clearwater Benefits in?
Clearwater Benefits's product category is Health Insurance Brokerage. Its primary akta.pro industry code is FSAIAEAK, Individual Health Insurance Administration (TPA/ASO), with a secondary code of HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA). Its NAICS code is 524292 and its SIC code is 6411.