Summed AI

Summed AI helps Medicare sales agents sell policies faster while avoiding compliance dings. Our users save an average of 20 minutes per enrollment call and some have increased their average compliance scores from 35% to over 90%.

• “I couldn’t believe it. I got 92% [compliance score] on my second-ever Medicare sale!” - Agent who did not have access to Summed AI on his first sale
• “They’re getting through an extra sale per day because of you guys” - A team manager
• “I know that when I come to Summed AI, I’m going for gold” - Agent

View our demo

Our Backstory

The three of us met at Assurance IQ (insurtech agency), where we built sales platforms that facilitated over $1B in insurance sales commissions. After the company’s dissolution in Q1’24, we decided to take forth our learnings to build Summed AI.

• Tyler Rich (CEO): Data scientist who built insurance product recommendation systems
• Kevin Bao (CTO): Engineering leader in charge of platform and product teams
• Sherril Wang (CPO): Product manager with a deep understanding of agent, enrollee, and industry problems

Problem

Selling Medicare policies is a complex and time-consuming process. Agents often spend 90 minutes or more per sale, navigating multiple 10 to 200-page documents filled with intricate insurance plan details.

Under time pressure, agents might recommend suboptimal plans, leading to adverse medical and financial outcomes for clients.

These missteps can result in chargebacks, lengthy compliance audits, or even the loss of an agent’s or brokerage’s license.

Solution

• Best-in-Market Data: We assemble comprehensive datasets and generate benefit details from policy documents on demand.

• AI Assistance: Our AI helps agents perform complex plan-benefit analyses tailored to each client’s needs.

• Compliance Support: We walk agents step-by-step through a compliant enrollment.

While we are starting with Medicare, we will eventually apply the same approach to the broader consumer insurance industry.

Ask

Do you know any Medicare brokerages or carriers (like Humana, UnitedHealthcare, etc.)? Introduce us! Email tyler@summed.ai or book a demo here.