On this episode of Investor Connect, Hall welcomes Jeremy Miller, Chairman, and Founder of Health-E Commerce.
Health-E Commerce is the parent brand of a portfolio of brands that consists of its brand FSA Store, HSA Store, WellDeserved Health, and Caring Mill. Health-E Commerce’s mission is to make it simple and convenient for the 35 million U.S. consumers with pre-tax accounts to use them confidently.
FSAstore.com and HSAstore.com help everyday consumers and partners benefit better from their tax-free health benefits. With the largest selection of guaranteed flexible spending account (FSA) and health savings account (HSA) eligible products, intuitive educational resources, and more, the two e-commerce platforms are streamlining the intersection of healthcare accounts, technology, and personal finance.
Jeremy recognized the need for FSAstore.com after a successful career managing and growing small businesses, where his responsibilities included managing HR and the FSA account process for employees, most recently as Manager of Operations at Gehry Technologies, the technological division of Frank Gehry’s architectural practice. He found the confusion and inconvenience surrounding FSAs resulted in participant frustration and ultimately the forfeiture of employees’ tax-free income. In response to this market need, FSAstore.com was launched in the spring of 2010, after winning Columbia Business School’s Odyssey Global MBA Award for Best Entrepreneurial Business Idea. Initial funding came from the Columbia Business School’s Lang Fund and other angels. Since its inception, the company has closed 4 successful rounds of financing, amassed a customer base in excess of 200k, and has exceeded site and revenue expectations every quarter. Jeremy is a 2018 EY Entrepreneur of the Year.
Under Miller’s leadership, Health-E commerce has been honored three consecutive years as a Crain’s Best Places to Work NYC in 2016, 2017, and 2018 and Deloitte Technology Fast 500 Awards for one of the fastest-growing companies in North America in 2016, 2017, 2018, 2019 and 2020.
Jeremy graduated with a B.S. in Business Administration from U.C. Berkeley and received his MBA from Columbia Business School. He lives in NYC with his wife and two children.
Jeremy discusses the state of investing in the FSA and HSA sectors, its evolution, and growth rate. He speaks about regulations in the industry and advises investors and startups.
You can visit Health-E Commerce at www.health-ecommerce.com, on LinkedIn at www.linkedin.com/company/healthecommerce, and on Twitter at www.twitter.com/FSAstore and www.twitter.com/HSAstore.
Jeremy can be contacted on LinkedIn at www.linkedin.com/in/jeremymillercbs2010, and on Twitter at www.twitter.com/miller_ceo.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.