The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 10, 2020. Its latest SEC filing is a SC 13G/A from Nov 16, 2020.
10-Q for Q2 FY2020, filed Aug 10, 2020
The sections below describe the company as of the FY2019 annual report.
Distributes Medicare, individual and family health, and life insurance products to individuals through digital platforms and licensed agents.
10-K for FY2019, filed Mar 4, 2020We are a technology driven distributor of Medicare, health and life insurance products that meet the demands and needs of our consumers.…View ↗
Our Medicare segment is centered around two activities: consumer engagement and Medicare insurance distribution. The consumer engagement…View ↗
We partner with e-commerce distributors to provide affordable IFP plans to individuals and families. We also market IFP through…View ↗
Insurance carriers and discount-benefit providers pay for sales and marketing, lead transfers, and policy support. Medicare commissions follow approved enrollments and may continue monthly; IFP-related amounts are collected at enrollment and monthly while a policy continues.
10-K for FY2019, filed Mar 4, 2020Under ASC 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that…View ↗
The Company has identified one performance obligation, sales and marketing services, as its only obligation for both consumer engagement…View ↗
For both Medicare Advantage and Medicare Part D prescription drug plans, we receive a fixed annual payment from our customer once the plan…View ↗
We collect payment upon the initial sale of the plan and then monthly upon each subsequent periodic payment under such plan. We receive…View ↗
We have identified our customers as insurance carriers and non-insurance plan providers. The Company has identified that it has two…View ↗
The second performance obligation identified for the sale of IFP products relates to the billing, collection, and member support component…View ↗
$381.8M
10-K for FY2019, filed Mar 4, 2020
$381.8M ↗
Insurance carriers and discount-benefit providers contract for sales and marketing services. Consumers find plans through the company’s websites and advertising, licensed agents, independent distributors, and Medicare call-routing channels.
10-K for FY2019, filed Mar 4, 2020We are a technology driven distributor of Medicare, health and life insurance products that meet the demands and needs of our consumers.…View ↗
Our Medicare segment is centered around two activities: consumer engagement and Medicare insurance distribution. The consumer engagement…View ↗
Through our website, HealthPocket.com, we provide consumers with access to health insurance information search and comparison technology.…View ↗
Under ASC 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that…View ↗
10-K for FY2019, filed Mar 4, 2020
For the year ended December 31, 2019 three customers accounted for 43.2% of our total revenue, whereas two customers accounted for 42.7% of…View ↗
Yes. It kept 8 cents of every revenue dollar as net income in .
10-K for FY2019, filed Mar 4, 2020
10-Q for Q2 FY2020, filed Aug 10, 2020
−$7.4MView ↗
8-K, filed Jul 13, 2020
On July 12, 2020, Benefytt Technologies, Inc., a Delaware corporation (the “Company” or “Benefytt”), entered into an Agreement and Plan of…View ↗
Grew. Revenue grew 2.1x in 3 years, from $184.5M in to $381.8M in , about 27% a year.
Medicare becomes a core line
The earlier report centers on developing, distributing, and administering individual and family and supplemental plans; the latest adds Medicare distribution and consumer engagement as a core line and de-emphasizes new IFP business.
10-K for FY2016, filed Mar 2, 2017 10-K for FY2019, filed Mar 4, 2020Our Medicare segment is centered around two activities: consumer engagement and Medicare insurance distribution. The consumer engagement…View ↗
The Company's entrance into the Medicare distribution and consumer engagement business was marked by the purchase of TogetherHealth on June…View ↗
On December 20, 2019, we announced a change in our overall business strategy to accelerate growth within the Medicare segment. The IFP…View ↗
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