USA Group Health

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Company Purpose

Company Purpose

The purpose of USA Group Health is to provide
businesses in America with group health insurance
throgh our simple e-commerce solution.

We are the licensed and compliant agency that
is behind the scenes powering other tech platforms
to sell individual and group health insurance.

Problem

Problem

  • Shopping for insurance is a stressful and intimidating process.
  • Consumers typically shop around by calling different agencies to get the best rate. This can be very frustrating and time consuming.
  • Consumers are typically working on many projects and do not always have time during traditional business hours to shop for benefits and insurance.
  • Consumers lack education about insurance.
  • Tech startups need a licensed agency to sell insurance.
  • Agents can only talk to one client at a time.
  • There is no secure ledger or record of each policy.
  • Cryptocurrency are a new form of digital payments.
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Solution

Solution

  • USA Group Health offers insurance quoting and enrollment in real time.
  • Our simple and easy to use platform offers Individuals, agents and
    businesses of any size the ability to purchase benefits and insurance
    directly from their Tablet, PC, or Mobile Device at their own
    convenience.
  • We educate our consumers on benefits and insurance to give them the
    knowledge they need to make an educated choice.
  • Tech startups now have a licensed agency to comply for them.
  • Chatbots can talk to an unlimited amount of clients at once
  • Each policy is stored on our custom blockchain ledger.
  • Users can pay in cryptocurrency and our built in currency exchange will
    convert the cryptocurrency into fiat currency to pay the carriers.

WHY NOW?

WHY NOW?

  • Now with the affordable care act in full effect, more people are
    conscious of insurance benefits. Many employers are forced by
    law to provide essential benefits to their employees.
  • Unfortunately, employers are completely lost on what the Affordable
    Care Act (ACA) laws are. They are unaware of what fits their needs,
    their budget, and how to purchase it.
  • Consumers of the digital age prefer to shop online via their Tablet, PC,
    or Cell Phone. We must update our process in order to compete with the
    current market.
  • Chatbots are taking over the need for agents.
  • Policies are stored on the blockchain.
  • Cryptocurrencies are a new form of digital payments.
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MARKET SIZE

MARKET SIZE

$4.9TRILLLION WORLIWIDE

In 2013 Insurance premiums

$4.778TRILLLION WORLIWIDE

In 2014 Insurance premiums

Product

Product

We have the ability to sign up Agents

product-tag

COMPETITION

COMPETITION

img $583M

FOUNDED 2013
4 ROUNDS

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FOUNDED 2013
1 ROUNDS

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FOUNDED 1997
IPO

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FOUNDED 2014
2 ROUND

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FOUNDED 2013
5 ROUND

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FOUNDED 2018
3 ROUND

COMPETITIVE ADVANTAGE

COMPETITIVE ADVANTAGE

  • The Name USA Group Health is a huge competitive advantage.
  • We already have a fully trained and seasoned service and management staff.
  • We already have trained and licensed agents.
  • We are already actively pursuing and partnering with local agents in every city and state.
  • Our team has over 30 years of experience in the insurance industry.
  • We already have established relationships with all major carriers.
  • We provide education and support to consumers.
  • We have a technology team to support us 24/7.
  • We have a law firm to support us 24/7.

CUSTOMER ACQUISITION

CUSTOMER ACQUISITION

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AUTOMATED PROGRAMMING
INTERFACE (API)

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VIRTUAL INSURANCE
AGENTS

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CHATBOT INSURANCE
AGENTS

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REFERRAL COMMISSIONS

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CONTENT MARKETING

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PAID ADVERTISEMENTS

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SPONSORSHIPS

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PARTNER WITH INCUBATORS,
ACCELERATORS, & CO-WORK SPACES

BUSINESS MODEL

BUSINESS MODEL

  • Managing your benefits through USA Group Health is free although you still
    have to pay the providers for your underlying benefits.
  • We get paid by the benefits providers. For example, the health insurance carriers.
  • USA Group Health offers an API to
    companies who want to sell group health
    insurance on their platform. This allows
    for companies like Facebook and LinkedIn
    the compliance to offer their users the
    ability to purchase health insurance
    directly on their platforms.

NUMBERS

NUMBERS

  • In 2016, there were about 27.3 million people (8.6 percent of the population) who lacked health insurance coverage according to the latest American Community Survey data. That means that 91.4% of Americans have health insurance.
  • 318.9 Million people in the United States. 93,000,000 Americans shop for health insurance online.
  • The average number employees in American business’s is 5 employees. But to keep it simple for number sake instead of per company. I figured out the numbers per individual.
  • The average annual premium for health insurance per American is $10,000.
  • The average commission is 5%.
  • If 1/10th of 1% of 93,000,000 is 93,000. If 93,000 people bought from our site. The premium would be $930,000,000. The average commission is 5%. Which would come to $46,500,000 in annual commission to our company. These numbers are at 1/10th of 1%. As we all know more and more people buy products on the internet each and every single day. Don’t forget most of our customers have an average of 5 employees.

OPERATING EXPENSES

OPERATING EXPENSES

  • Data: $150,000 per year for all 50 states.
  • Technology: $1M
  • Operations: $1M
  • Marketing: $1M
  • Legal: $1M
  • Accounting: $1M
  • Licenses: $1M
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PARTNERS

PARTNERS

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Insurance Marketing Corporation

www.insurancemkting.com
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Global Tech Firm

www.globaltechfirm.com
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Orchards Golf Club

www.orchards.com/

TEAM

TEAM

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Chris Joiner

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Sead Muftic

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Michael Meram

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Huy Nguyen

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Sarah Ware

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Scott Donahue