PlanYear

AI-native benefits consulting platform that automates renewal workflows, document processing, and client Q&A for insurance brokers

Distribution & Sales Growth Seed

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Overview

PlanYear is a benefits workflow automation platform serving insurance brokers, benefits consultants, and employers in the group benefits segment. Founded in July 2022 by benefits consulting practitioners Tariq Hilaly and Senthil Nagarajan, the company addresses the manual processes that consume consultant time during renewals, client communications, and carrier negotiations.

The BEACON platform delivers AI-driven automation across the benefits consulting lifecycle: document intelligence for carrier data extraction, census standardization, renewal workflow orchestration, RFP drafting, and an embedded AI assistant (SAGE) trained on each client's benefits programs. The platform is delivered as a SaaS application with integrations into existing benefits consulting tools and carrier systems.

PlanYear raised a USD 12M seed round in October 2025 led by True Ventures. Eight of the top 20 U.S. brokerage firms are reported customers, including Acrisure, USI, OneDigital, Lockton, and Alera. Early customers report up to 75% reduction in manual data entry, 50% faster renewal completion, and approximately 57% of employee benefits questions resolved automatically without consultant involvement.

Products & Services

BEACON Platform

Core benefits operations platform that automates the administrative tasks consuming consultant time. Handles document ingestion, census data standardization, renewal workflow management, smart plan comparisons, and RFP response drafting.

Key Features

Document intelligence and automated carrier document processing
Census data standardization across carrier formats
Renewal workflow orchestration and tracking
Intelligent RFP drafting with AI-assisted content generation
Marketplace tools for carrier negotiation and RFP management

Target Users: Insurance brokers, benefits consultants

SAGE AI Assistant

Embedded AI assistant trained on each client's specific benefits programs. Handles employee and client Q&A automatically, resolving routine benefits questions without consultant involvement.

Key Features

Trained on client-specific plan documents and benefits programs
24/7 automated response to employee benefits questions
Email-based interaction for client-facing communications
Resolves approximately 57% of routine benefits inquiries automatically

Target Users: Insurance brokers, HR teams, employees

Employee Experience Tools

End-user-facing tools for benefits engagement, including interactive microsites, plan recommender tools, and digital ID card delivery.

Key Features

Interactive benefits microsites for open enrollment
AI-powered plan recommender for employee decision support
Digital ID card delivery and benefits access portal

Target Users: Employers, employees

At a Glance

Founded: 2022
Headquarters: Irvine, California
Employees: 11-50
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: Benefits workflow automation renewal management broker productivity document intelligence
Insurance Verticals: Group Benefits
Target Customers: Brokers, Employers