Connie Health Raises $40 Million to Help Independent Medicare Advantage Brokers Compete Using AI

Connie Health, a startup co-founded by Michael Scopa, David Luna, and Oded Eran, has raised $40 million in venture funding aimed at equipping independent Medicare Advantage brokers with artificial intelligence tools, according to the Wall Street Journal. HealthQuest Capital led the financing round.

Medicare Advantage plans are sold by private insurers and typically offer benefits beyond traditional Medicare, including dental and vision coverage. The market has grown steadily, with KFF, a nonprofit health policy research and news organization, reporting that more than 35 million Americans were enrolled in Medicare Advantage as of February 1, a modest increase from the same period in 2025.

The core problem Connie Health says it is addressing is a competitive imbalance: independent local brokers, who place seniors into Medicare Advantage plans, face pressure from larger national brokerage operations that have greater resources. The company's platform is designed to give smaller, community-based agents access to AI-driven capabilities to help close that gap, according to the Journal's reporting.