MedCity News August 15, 2022
Healthpilot uses an AI-driven platform to help consumers determine what Medicare plan is best for them. On the startup’s website, users can input their location, physicians, prescriptions, pharmacies and what benefits they want, and the algorithm will recommend the plan it believes is most cost-effective.
About 64 million Americans are enrolled in Medicare as of 2021, according to Centers for Medicare & Medicaid Services. But about 70% of people on Medicare don’t compare their plans during the open enrollment period, Kaiser Family Foundation found. The process is confusing and slow, making it difficult for seniors to enroll, said Dave Francis, CEO of insurance company Healthpilot.
“The way people get insurance today is stuck in 1975,” Francis said. “They either have...
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