Decent's plans are currently available just in Austin for members of the Texas Freelance Association, but with $8 million in funding from investors including Menlo Ventures and Foundation Capital, the plans will soon be available to self-employed people in other parts of Texas and the country.

"Americans spend around $3.5 trillion dollars per year on healthcare, yet experts estimate that a quarter of that is wasted on administrative overhead," says Naomi Pilosof Ionita, a partner at Menlo Ventures, Decent's lead investor. "I am eager to see Decent transform the way self-employed people receive healthcare, and support this underserved market by offering more affordable options."

Decent is currently negotiating with direct care doctors in additional markets to charge lower prices to members of freelancer associations in those markets. Once an association strikes a deal with Decent, the association-sponsored self-insured plan will be offered to its self-employed members.

The plans are ACA-compliant and resemble bronze and silver plans sold on the exchanges, but Decent's plans are offered outside of the exchanges year-round — with premiums that are up to 50 percent lower than typical market rates, Soman contends. There are no restrictions or charges for pre-existing conditions and no medical screening is required.

Under the direct care model, enrollees pay the membership fee as part of their monthly premium, and the membership fee is passed through to providers. Enrollees then receive unlimited access to same-day appointments, 24/7 telemedicine services, and almost any procedure performed by a primary care physician — all for $0 out-of-pocket payment. Associations also buy a stop-loss policy to cover expensive claims, including procedures not done by direct primary care providers.

"The work Decent is doing to extend affordable, high quality health coverage to the self-employed is a mission that all of us can get behind," says Dr. Chris Larson, a direct primary care physician in Decent's network. "I own my business and can relate to the struggles others face when trying to find affordable coverage and am happy to be a part of improving their journey."

The capital injected by Menlo and other investors will also be used to grow Decent's team over the next year. The company recently appointed Elijio Salas, formerly Associate Commissioner at the Texas Department of Insurance, as Decent's agency management lead.

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