Angle Health

AI-native health insurance MGA delivering level-funded group plans for small and mid-sized businesses

Underwriting & Risk

Overview

Angle Health is a health insurance MGA offering level-funded group health plans to small and mid-sized employers across 44 US states. Founded in 2019 by ex-Palantir engineers Ty Wang (CEO) and Anirban Gangopadhyay (CTO), the company operates as an AI-native underwriter built to extend high-quality, transparent healthcare coverage to employer groups that have historically been underserved by traditional carriers.

The company underwrites risk through a proprietary AI-driven platform that automates group quoting end-to-end -- processing thousands of plan quotes per week without manual review. Angle Health administers plans through its subsidiary Adrem Administrators, with Balanced Insurance Company of Utah serving as the licensed carrier for Utah-based employer groups. It holds full binding authority for its level-funded programs and maintains capacity relationships that allow it to operate across 40+ states.

Distribution flows primarily through independent benefits brokers, who access the platform through Benefit Builder, a quoting tool that generates firm, binding quotes in minutes. As of late 2025, Angle Health serves over 2,600 employer groups and has raised approximately USD 197M in total funding, including a USD 134M Series B in December 2025 led by Portage Ventures.

Products & Services

Level-Funded Group Health Plans

Level-funded health plans for employer groups with 5 or more employees. Plans combine predictable monthly fixed costs with stop-loss protection and allow employers to share in savings when claims come in below projections. Coverage includes medical, pharmacy, and care navigation.

Key Features

Medical and pharmacy benefits with integrated care navigation
Stop-loss protection against catastrophic claims
Employer participation in claims savings

Target Users: Small and mid-sized businesses (5 to 500 employees)

Distribution: Through appointed independent brokers and benefits advisors

Benefit Builder (Broker Quoting Platform)

A broker-facing quoting tool that generates firm, binding level-funded quotes in minutes. Quotes are valid for 90 days with limited adjustment criteria, allowing brokers to compare plan options and present employers with ready-to-bind proposals.

Target Users: Employee benefits brokers and advisors

Distribution: Broker portal, accessible through Angle Health website

Homebase (Employer Portal)

A self-service dashboard for employers to manage eligibility, enrollment, reporting, and plan administration. Provides visibility into cost data and analytics.

Target Users: Employer HR and benefits administrators

Distribution: SaaS portal included with plan

API Platform Quoting

A programmatic quoting API enabling benefits technology platforms and brokers to integrate Angle Health plan quoting directly into their own tools and workflows.

Target Users: Benefits technology platforms and high-volume brokers

Distribution: Direct API integration

Employer Scorecard

A risk identification and cost driver analysis tool that surfaces health spend drivers and provides employers with data for plan optimization.

Target Users: Employers seeking cost containment insights

Distribution: Included with employer platform

At a Glance

Founded: 2019
Headquarters: San Francisco, California, USA
Employees: 101-250

Category & Focus

Category: Underwriting & Risk
Insurance Verticals: Health Group Benefits
Target Customers: Employers, Brokers

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Last updated: 2026-06-11