Edge Rewrite
everything Source code View original
// HTMLRewriter · presentation

This page was redesigned at the edge.

Cloudflare fetched the original article and streamed it through HTMLRewriter to apply an entirely new visual system without rebuilding the source page.

// request.cf · coarse context

A page that knows where it met you.

Only coarse request metadata is shown. This demo does not display or persist visitor IP addresses.

Country
US
Cloudflare location
CMH
Connection
HTTP/2
Language
Not provided

Ray ID: a22ea6ef1fd13524

Jump to content

Sidecar Health

Add links
From Wikipedia, the free encyclopedia
Sidecar Health, Inc.
Sidecar Health
TypePrivate
IndustryHealth insurance
Founded2018
FoundersPatrick Quigley and Veronica Osetinsky
HeadquartersEl Segundo, California
Key people
Patrick Quigley (CEO)
Veronica Osetinsky (COO)
Websitesidecarhealth.com

Sidecar Health, Inc. doing business as Sidecar Health,[1] is an American health insurance company headquartered in El Segundo, California. The company offers medical plans for midsize and large companies based in multiple states.[2][3]

History

[edit]

Sidecar Health was founded in El Segundo, California in 2018 by Patrick Quigley and Veronica Osetinsky.[4][5] The pair were previously executives at Katch (formerly Vantage Media), an online advertising technology company and customer acquisition marketplace for insurers.[4][6]

The company launched its first insurance product in 2019 in Texas,[4][7] as the state's large uninsured population offered a sizable potential customer base.[8][7] By the end of the year, Sidecar Health had expanded to Alabama, Arkansas, Florida, Georgia, Kentucky, and North Carolina.[9][10][11]

Sidecar Health initially raised $18 million in funding through venture capital firms GreatPoint Ventures and Morpheus Ventures.[8][12] In July 2020, it raised $20 million in a new round of funding that included Comcast Ventures, Kauffman Fellows, and 23andMe CEO Anne Wojcicki.[13] It closed its Series C funding round in January 2021, led by Drive Capital, at $125 million, which brought it to a $1 billion valuation, often referred to as unicorn status.[14][5] In 2024, Sidecar Health raised $165 million in a Series D round led by Koch Disruptive Technologies, which also included Cathay Innovation, GreatPoint Ventures, Morpheus, Drive Capital, Duke University, BOND, and Menlo Ventures.[15]

Starting in 2025, the company stopped selling fixed indemnity or "excepted benefit" insurance plans.[citation needed] As of 2024, the company began to only offer fully Affordable Care Act (ACA)-compliant, large group comprehensive major medical health plans, available as both fully-insured and self-funded solutions, for employers with 51 or more employees.[2]

In June 2025, Sidecar Health announced a partnership with Kettering Health, a faith-based health network serving Ohio, in which policyholders could receive access to Kettering's medical centers and outpatient facilities in the state.[16] In September 2025, the company partnered with "value-based" health network Carrum Health to expand specialty care services for its members, including providers for surgical, cancer and substance use treatments.[17] In November 2025, Sidecar Health partnered with Rula, a U.S. behavioral healthcare provider group that offers virtual therapist and psychiatrist services.[18]

Services

[edit]

Sidecar Health’s model is built on the idea that people should know the cost of care prior to a service and be incentivized to consider those costs in advance.[19][15] In the app, members are able to see what care costs before they get it. Members can see any licensed provider without restrictions like networks or prior authorization.[3] For every covered service, the plan pays up to a maximum allowable amount (called a benefit amount) based on typical local prices.[14] When members choose lower-cost care, they keep half the savings. Or they pay the difference if they choose care above the Benefit Amount. Today, nearly 80% of claims are at or below the benefit amount.[20]

Sidecar Health's current plans are designed to meet all federal and state requirements for major medical coverage under the ACA. These plans include full emergency protections under the No Surprises Act and cover all essential health benefits required of ACA-compliant insurers.[21][22]

In 2024, Sidecar Health raised an additional $165 million in a Series D round led by Koch Disruptive Technologies to expand into Florida.[23]

References

[edit]
  1. ↑ "SIDECAR HEALTH - Trademark Details". Justia Trademarks. Retrieved February 18, 2026.
  2. 1 2 Landi, Heather (2024-06-26). "Insurtech Sidecar Health picks up $165M series D". www.fiercehealthcare.com. Retrieved 2024-12-17.
  3. 1 2 DeSilva, Hayley (January 22, 2026). "Sidecar Health expands alternative plan offerings to new markets". www.modernhealthcare.com. Retrieved 2026-02-04.
  4. 1 2 3 Billington, Francesca (August 7, 2020). "SideCar Raises $20M for Its New Approach to Healthcare". dot.LA. Archived from the original on July 27, 2021. Retrieved July 20, 2021.
  5. 1 2 Chatenay, Victor (January 28, 2021). "Insurtech Sidecar Health scores megaround to become a unicorn". Insider. Axel Springer SE. Archived from the original on August 4, 2021. Retrieved July 20, 2021.
  6. ↑ "Katch Sells Its Healthplans.com Business". Business Wire. 2017-10-17. Archived from the original on 2021-09-15. Retrieved 2021-09-15.
  7. 1 2 Mathews, Chris (October 31, 2019). "Lured by large uninsured population, California health insurance co. launches in Texas". Houston Business Journal. American City Business Journals. Retrieved July 20, 2021.
  8. 1 2 Ellingson, Annlee (August 9, 2019). "This week in L.A. funding news: Snap ups debt financing to $1.1B... Dogdrop opens". L.A. Biz. American City Business Journals. Archived from the original on August 4, 2021. Retrieved July 20, 2021.
  9. ↑ Hurtibise, Ron (November 9, 2019). "Cheaper than Obamacare? Budget-priced plans can cost far more if you get sick". South Florida Sun-Sentinel. Tribune Publishing. Archived from the original on June 29, 2021. Retrieved July 20, 2021.
  10. ↑ Cavagnaro, Hank (September 28, 2019). "New company aims to help people with cheaper insurance". KVUE. KVUE-TV. Archived from the original on August 4, 2021. Retrieved July 20, 2021.
  11. ↑ "Sidecar Health makes a play for North Carolina". International Travel & Health Insurance Journal. Voyageur Publishing & Events. December 13, 2019. Archived from the original on August 4, 2021. Retrieved July 20, 2021.
  12. ↑ "Sidecar Health secures $18m in funding; forays into Texas market". Life Insurance International. Verdict Media. August 7, 2019. Archived from the original on July 27, 2021. Retrieved July 20, 2021.
  13. ↑ Ellingson, Annlee (July 23, 2020). "Sidecar Health raises $20 million to help users shop for health services". L.A. Biz. American City Business Journals. Archived from the original on November 29, 2021. Retrieved July 20, 2021.
  14. 1 2 Shieber, Jonathan (January 26, 2021). "LA-based Sidecar Health's low-cost, cash-pay health insurance service is now valued at $1 billion". TechCrunch. Verizon Media. Archived from the original on July 31, 2021. Retrieved July 20, 2021.
  15. 1 2 "Sidecar Health scores $165M for employer health insurance plans". MobiHealthNews. 2024-06-27. Retrieved 2024-12-17.
  16. ↑ Hetzer, Rowan (2025-06-30). "No-network insurer Sidecar Health expands into Dayton via Kettering Health partnership". Dayton Business Journal. Retrieved 2026-07-10.
  17. ↑ Landi, Heather (2025-09-23). "Sidecar Health taps Carrum Health for specialty care network". www.fiercehealthcare.com. Retrieved 2026-07-16.
  18. ↑ "Sidecar Health Expands Mental Health Access Through Partnership with Rula". Archived from the original on 2026-01-30. Retrieved 2026-07-16.
  19. ↑ Chen, I-Chun (January 26, 2021). "Sidecar Health raises $125M to scale 'cash price' insurance model". L.A. Biz. American City Business Journals. Archived from the original on February 26, 2021. Retrieved July 20, 2021.
  20. ↑ "Disclosures". Sidecar Health. Retrieved 2026-02-04.
  21. ↑ The Health Care Blog's Channel (2025-05-20). Patrick Quigley, Sidecar Health. Retrieved 2025-11-03 – via YouTube.
  22. ↑ The Hill Events (2025-10-10). Start Up Spotlight w/ Sidecar Health's Patrick Quigley | Health Next Summit. Retrieved 2025-11-03 – via YouTube.
  23. ↑ "Sidecar Health scores $165M for employer health insurance plans | Mobi Health News". www.mobihealthnews.com. 2024-06-27. Retrieved 2025-10-04.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Sidecar_Health&oldid=1365026797"