SimplyInsured (YC W13) raises $750K to simplify health insurance

The government may be shutdown as a result of the Affordable Care Act, but that isn’t stopping health-insurance exchanges from kicking into gear, or startups from capitalizing on them.

SimplyInsured has closed $750,000 to help small businesses navigate the changing landscape of costs, taxes, fines, and regulations surrounding health insurance.

“There are 400,000 health insurance brokers in the US who sell insurance the same way, via paper, phone, and fax,” said cofounder and CEO Vivek Shah to VentureBeat. “This is a trillion dollar industry that sells like it’s in the 1950’s. We can’t imagine a world where in 5 years, a small business will be purchasing insurance offline.”

Read the full article at VentureBeat