# Health IQ

> Health IQ began with a clever bargain: prove that you understood and practiced healthy living, and its brokerage would try to win you a better life-insurance rate. It later rebuilt itself around Precision Medicare, importing seniors' health records and comparing thousands of Medicare Advantage plans. The company earned commissions from carriers, raised roughly $139.5 million in disclosed equity through its 2019 Series D and more than $200 million including later debt and notes, then unraveled after an expensive Medicare sales push. Hi.Q, Inc. filed Chapter 7 on August 30, 2023, listing $1.3 million in assets and $256.7 million in liabilities.

- **Founded:** 2013
- **Headquarters:** Mountain View, United States
- **Founders:** Munjal Shah (Co-founder and former CEO), Gaurav Suri (Co-founder, president and later CEO)
- **Products:** Health IQ Quiz, Special-rate life insurance brokerage, Medicare Advantage and Medicare Supplement brokerage, Precision Medicare
- **Notable:** More than one million people had taken the health-literacy quiz by 2017., Health IQ said it had helped customers secure more than $21 billion in life-insurance coverage by 2019., The company raised $55 million in a 2019 Series D, bringing disclosed equity funding to about $139.5 million.

## Products & services

- **Health IQ Quiz** — A large health-literacy quiz covering diet, exercise and medical knowledge; its results became part of the qualification path for special-rate life insurance.
- **Special-rate life insurance brokerage** — Brokered policies from carriers, using health knowledge and verified lifestyle signals to seek discounts for health-conscious applicants.
- **Medicare Advantage and Medicare Supplement brokerage** — Licensed agents compared private Medicare options and earned carrier commissions when customers enrolled.
- **Precision Medicare** — Software that imported up to seven years of a senior's health records, forecast likely needs and compared thousands of plans for fit.

## Achievements

- More than one million people had taken the health-literacy quiz by 2017.
- Health IQ said it had helped customers secure more than $21 billion in life-insurance coverage by 2019.
- The company raised $55 million in a 2019 Series D, bringing disclosed equity funding to about $139.5 million.
- Precision Medicare compared more than 3,000 plans using imported medical records; Shah said the available universe had reached roughly 4,000 plans by late 2022.
- The company grew to more than 1,000 workers before its December 2022 contraction, according to its LinkedIn profile and litigation reporting.

## Latest updates

- **2021-03** — Reuters reported that Health IQ was exploring strategic options including a SPAC merger at a valuation above $1.5 billion.
- **2022-12** — The company began laying off hundreds of employees and contractors after the Medicare annual enrollment period.
- **2023-02** — Gaurav Suri took over as CEO while Munjal Shah stepped back into a special-adviser role.
- **2023-08** — Hi.Q, Inc. filed Chapter 7 in Delaware with $1.3 million in assets and $256.7 million in liabilities.
- **2023-09** — Court reporting showed the Precision Medicare intellectual property had been sold for $4.5 million; the buyer was not identified publicly.

## Links

- Website: https://www.healthiq.com
- LinkedIn: https://www.linkedin.com/company/healthiq
- Twitter/X: https://twitter.com/healthiqinsure
- Instagram: https://instagram.com/healthiq
- Facebook: https://www.facebook.com/healthiq/

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Profile page: https://yespress.io/health-iq
Published by YesPress — https://yespress.io
Last updated: 2026-09-24