Planyear

What Planyear does

Planyear provides an AI-powered platform called BEACON, with an AI assistant named SAGE, designed for benefits consultants, general agents, insurance carriers, employers, and employees. It aims to eliminate manual work in the benefits lifecycle, freeing up time for strategic guidance and client relationships. The platform automates data processing, document management, RFP drafting, quote spreading, and communication, while also offering tools for plan comparison, contribution modeling, and personalized employee benefits experiences. Planyear emphasizes enterprise-grade security, being SOC 2 Type 2 certified and HIPAA compliant, with data isolation and secure AI implementation.

Products

• BEACON PlatformPlanyear’s central platform that connects and enhances all benefits operations, built on advanced AI architecture to transform how benefits work gets done. It serves as a command center for modern benefits consulting, integrating workflows, documents, and client interactions.
• SAGE AssistantAn always-on AI assistant trained for the benefits world and tuned to unique workflows. It coordinates specialized BEACON agents to provide insights, draft messages, answer questions, and assist with proposal prep and renewal planning. It is context-aware, writes and reasons like a human, and continuously improves.

Key capabilities

• Document Intelligence
• Workflow Automation
• Census Transformation
• Smart Plan Comparison
• Contribution Modeling
• Intelligent Drafting
• Marketplace for carrier negotiations
• Renewals management
• Connect for client relationships
• Experience for employees (personalized microsites, interactive plan recommenders, digital ID cards)
• AI-powered email management and response drafting
• Employee Benefits Portal
• Mobile App for employees
• Decisioning Support for employees
• Spanish Translations for employee benefits information
• Marketing Assistant (for General Agents and Insurance Carriers)
• Sold Confirmations

Use cases

• Eliminating manual work in benefits administration
• Processing and distributing client plan data
• Drafting RFPs and tracking quotes
• Streamlining renewal processes
• Organizing client communications and responses
• Creating personalized employee benefits experiences
• Extracting data from plan documents and quotes
• Connecting plan data across workflows
• Cleaning and formatting employee census data
• Comparing plan options for clients
• Collaborating on contribution strategies with employers
• Generating communications for open enrollment and plan recommendations
• Supporting brokers and general agents with streamlined tools and resources
• Streamlining communication and improving data quality for insurance carriers
• Providing 24/7 support for employees regarding benefits questions
• Delivering clear and accessible benefits information to employees

AI approach

Planyear combines deep industry knowledge and AI capabilities to process and distribute client plan data, automate workflows, and provide strategic assistance. Their BEACON platform uses advanced AI architecture and includes a SAGE assistant trained for the benefits world. The AI models are trained on verified, accurate data and operate within a secure, private environment, without sharing data outside the organization.

Tech named: AI-native solution, AI partner, AI-powered email management, AI-native architecture, AI assistant, AI models

Industries served

• Insurance

What it says sets it apart

• Built with the benefits lifecycle in mind
• Combines deep industry knowledge and AI capabilities
• AI-native solution that adapts to unique business needs
• Integrated platform that automates manual processes
• BEACON's AI-native architecture learns business and anticipates needs
• Purpose-built for the benefits industry, tailored for compliance-heavy, high-touch work
• Designed to orchestrate information flow across the ecosystem
• Scalable for small group, large group, and various plan types
• SAGE assistant is trained for the benefits world and tuned to unique workflows
• SAGE provides contextual intelligence, operational memory, and actionable outputs
• Enterprise-grade security: SOC 2 Type 2 certified, HIPAA compliant, AES 256 encrypted
• Data isolation: data stays within a secure environment, no information sharing
• Secure AI implementation: AI models trained on verified data, no learning from confidential information
• Compliance-forward design with regular security updates and audit trails
• Private chat instances with dedicated data environment (vs. generic AI)
• Granular permission settings
• Born from a brokerage and built by benefits consultants and technologists

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.