Benefytt (BFYT) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Entity Registrant Name	Health Insurance Innovations, Inc.
Entity Central Index Key	1,561,387
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	HIIQ
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017
Class A Common Stock
Entity Common Stock, Shares Outstanding		12,600,418
Class B Common Stock
Entity Common Stock, Shares Outstanding		3,841,667

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 27,529	$ 12,214
Restricted cash	14,162	11,938
Accounts receivable, net, prepaid expenses and other current assets	2,223	2,815
Advanced commissions, net	30,706	37,001
Income taxes receivable	1,282	0
Total current assets	75,902	63,968
Property and equipment, net	4,572	4,022
Goodwill	41,076	41,076
Intangible assets, net	6,884	7,907
Deferred tax asset	28,151	8,181
Other assets	12	193
Total assets	156,597	125,347
Current liabilities:
Accounts payable and accrued expenses	30,133	29,680
Deferred revenue	298	430
Income taxes payable	0	2,121
Due to member	521	3,282
Other current liabilities	1	126
Total current liabilities	30,953	35,639
Due to member	28,078	9,460
Other liabilities	43	170
Total liabilities	59,074	45,269
Commitments and contingencies
Stockholders’ equity:
Preferred stock (par value $0.001 per share, 5,000,000 shares authorized; no shares issued and outstanding as of June 30, 2017 and December 31, 2016)	0	0
Additional paid-in capital	66,109	47,849
Treasury stock, at cost (131,171 and 119,544 shares as of June 30, 2017 and December 31, 2016, respectively)	(1,307)	(1,122)
Retained earnings	11,637	1,420
Total Health Insurance Innovations, Inc. stockholders’ equity	76,455	48,162
Noncontrolling interests	21,068	31,916
Total stockholders’ equity	97,523	80,078
Total liabilities and stockholders' equity	156,597	125,347
Class A Common Stock
Stockholders’ equity:
Common stock	12	8
Class B Common Stock
Stockholders’ equity:
Common stock	$ 4	$ 7

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock, shares (in shares)	131,171	119,544
Class A Common Stock
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	12,600,418	8,156,249
Common stock, shares outstanding (in shares)	12,469,247	8,036,705
Class B Common Stock
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	3,841,667	6,841,667
Common stock, shares outstanding (in shares)	3,841,667	6,841,667

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenues (premium equivalents of $98,896 and $76,977 for the three months ended June 30, 2017 and 2016, respectively and $189,836 and $147,717 for the six months ended June 30, 2016, respectively)	$ 61,783	$ 44,494	$ 117,651	$ 86,984
Operating expenses:
Third-party commissions	35,108	25,859	66,543	51,849
Credit card and ACH fees	1,232	974	2,415	1,857
Selling, general and administrative	14,697	11,697	29,954	23,667
Depreciation and amortization	992	797	1,930	1,532
Total operating expenses	52,029	39,327	100,842	78,905
Income from operations	9,754	5,167	16,809	8,079
Other expense:
Interest expense	1	100	0	155
Tax Receivable Agreement expense	0	244	0	429
Fair value adjustment to contingent acquisition consideration	0	15	0	15
Other expense	1	1	4	3
Net income before income taxes	9,752	4,807	16,805	7,477
Provision for income taxes	2,800	537	1,331	921
Net income	6,952	4,270	15,474	6,556
Net income attributable to noncontrolling interests	2,569	2,413	5,257	3,794
Net income attributable to Health Insurance Innovations, Inc.	$ 4,383	$ 1,857	$ 10,217	$ 2,762
Net income per share attributable to Health Insurance Innovations, Inc.
Basic (in USD per share)	$ 0.38	$ 0.24	$ 1	$ 0.36
Diluted (in USD per share)	$ 0.35	$ 0.24	$ 0.91	$ 0.36
Weighted average Class A common shares outstanding
Basic (in shares)	11,550,204	7,592,972	10,228,564	7,578,264
Diluted (in shares)	12,365,914	7,732,664	11,220,687	7,716,202

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Premium equivalent amount	$ 98,896	$ 76,977	$ 189,836	$ 147,717

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Treasury Stock	(Accumulated Deficit) Retained Earnings	Noncontrolling Interests	Class A Common StockCommon Stock	Class B Common StockCommon Stock
Beginning balance (in shares) at Dec. 31, 2015			(150,993)			7,759,092	6,841,667
Beginning balance at Dec. 31, 2015	$ 68,054	$ 44,591	$ (1,542)	$ (3,093)	$ 28,083	$ 8	$ 7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,109			4,513	8,596
Issuances of Class A common stock under equity compensation plans (in shares)						246,164
Issuance of Class A common stock under equity compensation plans	19	19
Class A common stock withheld in Treasury from restricted share vesting (in shares)			21,397			(21,397)
Class A common stock withheld in Treasury from restricted share vesting	(160)		$ (160)
Forfeiture of restricted stock held in Treasury (in shares)			43,600			(43,600)
Forfeiture of restricted stock held in Treasury		345	$ (345)
Issuances of restricted shares from treasury (in shares)			(75,749)			75,749
Issuances of restricted shares from treasury		(721)	$ 721
Issuances of Class A common stock from treasury (in shares)			(20,697)			20,697
Issuances of Class A common stock from treasury	21	(183)	$ 204
Stock compensation expense	3,792	3,792
Contributions (distributions)	(4,757)	6			(4,763)
Ending balance (in shares) at Dec. 31, 2016			(119,544)			8,036,705	6,841,667
Ending balance at Dec. 31, 2016	80,078	47,849	$ (1,122)	1,420	31,916	$ 8	$ 7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,474			10,217	5,257
Issuances of Class A common stock under equity compensation plans (in shares)						1,444,169
Issuance of Class A common stock under equity compensation plans	$ 20	19				$ 1
Class A common stock withheld in Treasury from restricted share vesting (in shares)	(11,627)		11,627			(11,627)
Class A common stock withheld in Treasury from restricted share vesting	$ (185)		$ (185)
Stock compensation expense	1,755	1,755
Contributions (distributions)	(1,732)	2			(1,734)
Issuance of Class A common stock in private offering (in shares)						3,000,000
Issuance of Class A common stock in private offering	16,487	16,484				$ 3
Exchange of Series B Membership interest and exchange and cancellation of Class B common stock (in shares)							(3,000,000)
Exchange of Series B Membership interest and exchange and cancellation of Class B common stock	(14,374)				(14,371)		$ (3)
Ending balance (in shares) at Jun. 30, 2017			(131,171)			12,469,247	3,841,667
Ending balance at Jun. 30, 2017	$ 97,523	$ 66,109	$ (1,307)	$ 11,637	$ 21,068	$ 12	$ 4

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net income	$ 15,474	$ 6,556
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation	1,755	969
Depreciation and amortization	1,930	1,532
Deferred income taxes	762	(249)
Changes in operating assets and liabilities:
Increase in restricted cash	(2,224)	(7,776)
Decrease in accounts receivable, prepaid expenses and other assets	773	178
Decrease (increase) in advanced commissions	6,295	(8,272)
(Increase) decrease in income taxes receivable	(1,282)	591
(Decrease) increase in income taxes payable	(2,121)	296
Increase in accounts payable, accrued expenses and other liabilities	297	3,381
Decrease in deferred revenue	(132)	(224)
Increase in due to member	0	429
Net cash provided by (used in) operating activities	21,527	(2,589)
Investing activities:
Capitalized internal-use software and website development costs	(1,410)	(1,609)
Purchases of property and equipment	(47)	(9)
Net cash used in investing activities	(1,457)	(1,618)
Financing activities:
Proceeds from borrowings under revolving line of credit	0	7,500
Payments on borrowings under revolving line of credit	0	(1,000)
Payments for contingent acquisition consideration	0	(532)
Payments for noncompete obligation	(96)	(96)
Class A common stock withheld in treasury from restricted share vesting	(185)	(39)
Issuances of Class A common stock under equity compensation plans	20	0
Issuances of Class A common stock from treasury	0	16
Distributions to member	(4,494)	(68)
Net cash (used in) provided by financing activities	(4,755)	5,781
Net increase in cash and cash equivalents	15,315	1,574
Cash and cash equivalents at beginning of period	12,214	7,695
Cash and cash equivalents at end of period	27,529	9,269
Supplemental disclosure of non-cash financing activities:
Change in due to member related to Exchange Agreement	18,619	0
Change in deferred tax asset related to Exchange Agreement	(20,732)	0
Issuance of Class A common stock in a private offering related to Exchange Agreement	16,487	0
Exchange of Class B membership interests related to Exchange Agreement	$ (14,374)	$ 0

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Basis of Presentation and Summary of Significant Accounting Policies	Organization, Basis of Presentation and Summary of Significant Accounting Policies In this quarterly report, unless the context suggests otherwise, references to the “Company,” “we,” “us” and “our” refer (1) prior to the February 13, 2013 closing of an initial public offering (“IPO”) of the Class A common stock of Health Insurance Innovations, Inc. and related transactions, to Health Plan Intermediaries, LLC (“HPI”) and its consolidated subsidiaries and (2) after the IPO and related transactions, to Health Insurance Innovations, Inc. and its consolidated subsidiaries. The term “HII” refers to Health Insurance Innovations, Inc. on a stand-alone basis, and the term “HPIH” refers to Health Plan Intermediaries Holdings, LLC, a subsidiary of HII and a consolidated subsidiary of the Company, on a stand-alone basis. The terms “HealthPocket” or “HP” refer to HealthPocket, Inc., our wholly owned subsidiary which was acquired by HPIH on July 14, 2014. Business Description We are a developer, distributor and cloud-based administrator of affordable individual health and family insurance plans (“IFP”) which include short-term medical (“STM”) insurance plans and guaranteed-issue and underwritten Health Benefit Insurance Plans, previously referred to as hospital indemnity plans. We also develop, distribute and administer supplemental products which include a variety of additional insurance and non-insurance products such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are frequently purchased as supplements to IFP. We design and structure these IFPs and supplemental products on behalf of insurance carriers and discount benefit providers. These products are marketed to individuals primarily through our internal distribution network and an external distribution network consisting of independently owned and operated licensed-agent call centers. Principles of Consolidation and Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the financial information and footnotes required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements include the accounts of Health Insurance Innovations, Inc., its wholly-owned subsidiaries, one of which is a Variable Interest Entity (“VIE”), of which the Company is the primary beneficiary. See Note 2 for further information on the VIE. All significant intercompany balances and transactions have been eliminated in preparing the consolidated financial statements. The results of operations for business combinations are included from their respective dates of acquisition. Noncontrolling interests are included in the condensed consolidated balance sheets as a component of stockholders’ equity that is not attributable to the equity of the Company. We report separately the amounts of consolidated net income attributable to us and noncontrolling interests. The information included in this quarterly report, including the interim condensed consolidated financial statements and the accompanying notes, should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 . The condensed consolidated results for th e three and six months ended June 30, 2017 are not necessarily indicative of the results to be expected for any interim subsequent period or for the year ending December 31, 2017 . As an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), we benefit from certain temporary exemptions from various reporting requirements, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements. We have also elected under the JOBS Act to delay the adoption of new and revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates. These exemptions will apply for a period of five years following the completion of our IPO which closed on February 13, 2013. However, if we record $1.07 billion in total annual gross revenue before that time or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any June 30 before that time, we would cease to be an emerging growth company as of the following December 31. Summary of Significant Accounting Policies The following is an update to our significant accounting policies described in Note 1, Organization, Basis of Presentation, and Summary of Significant Accounting Policies, in our audited consolidated financial statements for the year ended December 31, 2016 included in our Annual Report on Form 10-K. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements. These estimates also affect the reported amounts of revenue and expenses during the reporting periods. Actual results could materially differ from those estimates. Recent Accounting Pronouncements In the following summary of recent accounting pronouncements, all references to effective dates of Financial Accounting Standards Board (“FASB”) guidance relate to nonpublic entities. As noted above, we have elected to delay the adoption of new and revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies under provisions of the JOBS Act. Recently adopted accounting pronouncements In March 2016, the FASB issued an amendment to its accounting guidance for stock compensation as part of the FASB’s simplification initiative. The amendments affect all entities that issue share-based payment awards to their employees. The areas for simplification involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period. The Company elected to early adopt this update during the quarter ended March 31, 2017. As described in Note 19 in our Annual Report on Form 10-K for the year ended December 31, 2016, the Company’s former Chief Executive Officer exercised 1.0 million Stock Appreciation Rights in February 2017. Early adoption of this update was favorable in light of the material exercise and as a result of this adoption, during the three months ended March 31, 2017, excess tax benefits of $3.3 million related to vested and exercised share-based compensation awards were recorded as a decrease in income tax expense and a $0.38 increase in our first-quarter basic earnings per share in the condensed consolidated statement of income. Recently issued accounting pronouncements In May 2017, the FASB issued a new accounting standard update which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The amendments are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this standard on the consolidated financial statements and disclosures, but do not expect it to have a significant impact on our condensed consolidated financial statements. In January 2017, the FASB issued a new accounting standard update on simplifying the accounting for goodwill impairment. The new guidance eliminates the requirement to calculate the implied fair value of goodwill (i.e., Step 2 of the goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. This guidance will be effective for interim or annual goodwill impairment tests in fiscal years beginning after December 15, 2019 and will be applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company does not believe that this guidance will have a material impact on our condensed consolidated financial statements. In November 2016, the FASB issued an update which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. We have not yet completed the analysis of how adopting this update will affect our condensed consolidated financial statements and disclosures. In August 2016, the FASB issued an update to the presentation of certain cash receipts and cash payments as presented and classified in the statement of cash flows. The update provides amendments to the codification for eight specific cash flow issues such as the classification of debt prepayment or debt extinguishment costs to the classification of the proceeds from the settlement of insurance claims. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. We will adopt this guidance in reporting periods beginning after December 15, 2018. We are currently evaluating the impact of this guidance on our condensed consolidated financial statements. In February 2016, the FASB issued an amendment to its accounting guidance for leases to increase transparency and comparability by requiring organizations to recognize lease assets and lease liabilities on the balance sheet and increasing disclosures about key leasing arrangements. The amendment updates the critical determinant from capital versus operating to whether a contract is or contains a lease because lessees are required to recognize lease assets and lease liabilities for all leases – financing and operating – other than short term. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. We will adopt this guidance in reporting periods beginning after December 15, 2018. The Company is still evaluating the effect of the update on our financial statements and internal controls over financial reporting but does not believe that the impact of adopting this pronouncement will be material to the condensed consolidated financial statements. In May 2014, the FASB issued an amendment to its accounting guidance related to revenue recognition. The amendment clarifies the principles for recognizing revenue. The guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in the judgments and assets recognized from costs incurred to obtain or fulfill a contract. For a public entity, the amendments in this update and the related deferral guidance are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2018. Early adoption is not permitted. We will adopt this guidance in reporting periods beginning after December 15, 2018. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method nor have we determined the impact of the new standard on our condensed consolidated financial statements. We have not determined the effect of the update on our internal controls over financial reporting or other changes in business practices and processes but will do so in the design and implementation phase which is to begin during the current calendar year.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2017
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities	Variable Interest Entities As of June 30, 2017 , we are the primary beneficiary of one entity, HPIH, that constitutes a VIE pursuant to FASB guidance. HPIH is a VIE as the voting rights of the investors are not proportional to their obligations to absorb the expected losses of HPIH. As of June 30, 2017 , we hold 100% of the voting power in HPIH, but 76.4% of the total membership and economic interest, and the other members of HPIH hold no voting rights in HPIH. Further, substantially all of the activities of HPIH are conducted on behalf of a membership with disproportionately few voting rights. We have concluded that we are the primary beneficiary of HPIH, and, therefore, should consolidate HPIH since we have the power to direct the activities of HPIH that most significantly impact its economic performance. Our equity interest in HPIH obligates us to absorb losses of HPIH and gives us the right to receive benefits from HPIH related to the day-to-day operations of the entity, both of which could potentially be significant to HPIH. As such, our maximum exposure as a result of our involvement in this VIE is the net income or loss allocated to us based on our interest.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill Our goodwill balance as of June 30, 2017 and December 31, 2016 of $41.1 million arose from previous acquisitions as described in our Annual Report on Form 10-K for the year ended December 31, 2016 . There have been no changes in the carrying amounts of goodwill. Other intangible assets Our other intangible assets arose primarily from acquisitions described in our Annual Report on Form 10-K for the year ended December 31, 2016 and consist of a brand, the carrier network, distributor relationships, customer relationships, noncompete agreements and capitalized software. Finite-lived intangible assets are amortized over their useful lives from two to fifteen years . Major classes of intangible assets as of June 30, 2017 consisted of the following ($ in thousands): Weighted-average Amortization (years) Gross Carrying Amount Accumulated Amortization Intangible Assets, net Brand 14.1 $ 1,377 $ (353 ) $ 1,024 Carrier network 5.0 40 (40 ) — Distributor relationships 6.8 4,059 (3,130 ) 929 Noncompete agreements 4.7 987 (972 ) 15 Customer relationships 5.8 1,484 (1,140 ) 344 Capitalized software 6.7 8,571 (3,999 ) 4,572 Total intangible assets $ 16,518 $ (9,634 ) $ 6,884 Major classes of intangible assets as of December 31, 2016 consisted of the following ($ in thousands): Weighted-average Amortization (years) Gross Carrying Amount Accumulated Amortization Intangible Assets, net Brand 14.1 $ 1,377 $ (311 ) $ 1,066 Carrier network 5.0 40 (40 ) — Distributor relationships 6.8 4,059 (2,831 ) 1,228 Noncompete agreements 4.7 987 (881 ) 106 Customer relationships 5.8 1,484 (1,125 ) 359 Capitalized software 6.7 8,571 (3,423 ) 5,148 Total intangible assets $ 16,518 $ (8,611 ) $ 7,907 Amortization expense for the three months ended June 30, 2017 and 2016 was $512,000 and $557,000 , respectively, and for the six months ended June 30, 2017 and 2016 was $1.0 million , and $1.1 million , respectively. Estimated annual pretax amortization of intangible assets for the remainder of 2017 and in each of the next five years and thereafter are as follows ($ in thousands): Remainder of 2017 $ 942 2018 1,725 2019 1,338 2020 1,338 2021 685 2022 114 Thereafter 742 Total $ 6,884

Accounts Payable and Other Liab

Accounts Payable and Other Liabilities	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Accounts Payable and Other Liabilities	Accounts Payable and Other Liabilities Accounts payable and accrued expenses consisted of the following as of ($ in thousands): June 30, 2017 December 31, 2016 Carriers and vendors payable $ 14,549 $ 11,385 Commissions payable 5,513 5,710 Accrued wages 4,036 4,206 Accrued refunds 2,115 3,238 Accounts payable 792 928 Accrued professional fees 1,150 910 Accrued credit card/ACH fees 406 430 Accrued restructuring — 3 Other accrued expenses 1,572 2,870 Total accounts payable and accrued expenses $ 30,133 $ 29,680

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity On February 13, 2013, we completed our IPO by issuing 4,666,667 shares of our Class A common stock, par value $0.001 per share, at a price to the public of $14.00 per share of Class A common stock. In addition, we issued 8,666,667 shares of our Class B common stock, of which 8,580,000 shares of Class B common stock were obtained by HPI, and 86,667 shares of Class B common stock were obtained by Health Plan Intermediaries Sub, LLC (“HPIS”), of which HPI is the managing member. In addition, we granted the underwriters of the IPO the right to purchase additional shares of Class A common stock to cover over-allotments (the “over-allotment option”). Our authorized capital stock consists of 100,000,000 shares of Class A common stock, par value $0.001 per share, 20,000,000 shares of Class B common stock, par value $0.001 per share, and 5,000,000 shares of preferred stock, par value $0.001 per share. Class A Common Stock and Class B Common Stock Each share of Class A common stock and Class B common stock entitles its holders to one vote per share on all matters to be voted upon by the stockholders, and holders of each class will vote together as a single class on all such matters. Holders of shares of our Class A common stock and Class B common stock vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law. As of June 30, 2017 , the Class A common stockholders had 76.4% of the voting power in HII and the Class B common stockholders had 23.6% of the voting power in HII. Holders of shares of our Class A common stock have 100% of the economic interest in HII. Holders of Class B common stock do no t have an economic interest in HII. The determination to pay dividends, if any, to our Class A common stockholders will be made by our Board of Directors. We do not, however, expect to declare or pay any cash or other dividends in the foreseeable future on our Class A common stock, as we intend to reinvest any cash flow generated by operations in our business. We may enter into credit agreements or other borrowing arrangements in the future that prohibit or restrict our ability to declare or pay dividends on our Class A common stock. In the event of liquidation, dissolution, or winding up of HII, the holders of Class A common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding. The holders of our Class A common stock have no preemptive or conversion rights or other subscription rights. There are no redemption or sinking fund provisions applicable to the Class A common stock. The rights, preferences and privileges of holders of our common stock will be subject to those of the holders of any shares of our preferred stock we may issue in the future. Class B common stockholders will not be entitled to any dividend payments. In the event of any dissolution, liquidation, or winding up of our affairs, whether voluntary or involuntary, after payment of our debts and other liabilities and making provision for any holders of our preferred stock that have a liquidation preference, our Class B common stockholders will not be entitled to receive any of our assets. In the event of our merger or consolidation with or into another company in connection with which shares of Class A common stock and Class B common stock (together with the related membership interests) are converted into, or become exchangeable for, shares of stock, other securities or property (including cash), each Class B common stockholder will be entitled to receive the same number of shares of stock as is received by Class A common stockholders for each share of Class A common stock, and will not be entitled, for each share of Class B common stock, to receive other securities or property (including cash). No holders of Class B common stock will have preemptive rights to purchase additional shares of Class B common stock. Exchange Agreement On February 13, 2013, we entered into an exchange agreement (the “Exchange Agreement”) with the holders of the Series B Membership Interests of HPIH (“Series B Membership Interests”). All of the Series B Membership Interests are held by Health Plan Intermediaries, LLC (“HPI”) and Health Plan Intermediaries Sub, LLC (“HPIS”), which are two entities owned by Michael Kosloske, the founder and a director of our company. Pursuant to and subject to the terms of the Exchange Agreement and the amended and restated limited liability company agreement of HPIH, holders of Series B Membership Interests, at any time and from time to time, may exchange one or more Series B Membership Interests, together with an equal number of shares of our Class B common stock, for shares of our Class A common stock on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. See Note 9 from our December 31, 2016 audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2016 for further information on the Exchange Agreement. On February 1, 2014, a registration statement on Form S-3 became effective under which we registered 8,566,667 shares of our Class A common stock for resale from time to time by HPI and HPIS, of which all such shares are issuable upon the exchange of an equivalent number of Series B Membership Interests (together with an equal number of shares of our Class B common stock). On March 13, 2017, HPI and HPIS (the “Selling Stockholders”) completed a secondary underwritten public offering of 3,000,000 shares of our Class A common stock under the above-described Form S-3 registration statement. In connection with the offering, on March 8, 2017, we entered into an underwriting agreement with Canaccord Genuity Inc., Cantor Fitzgerald & Co., Northland Securities, Inc., and Lake Street Capital Markets, LLC, collectively as the underwriters, and the Selling Stockholders. Immediately prior to the completion of the offering, we issued 3,000,000 shares of Class A common stock to the Selling Stockholders. In exchange for the issuance of the shares, we immediately acquired 3,000,000 Series B Membership Interests, together with an equal number of shares of our Class B common stock from the Selling Stockholders. These Series B Membership Interests were immediately recapitalized into Series A Membership Interests in HPIH. The Selling Stockholders agreed to immediately after the exchange sell to the underwriter for resale all 3,000,000 shares of Class A common stock at a public offering price of $14.00 per share ( $13.16 per share, net of underwriting discounts), for net proceeds of $39.5 million . No shares were sold by the Company in this offering. The acquisition of the Series B Membership Interests resulted in a decrease in noncontrolling interests with an offsetting increase in stockholders’ equity as of March 31, 2017 to reflect the decrease in the noncontrolling interest’s investment in HPIH. See Note 9 for further discussion on the tax receivable agreement we entered into with holders of Series B Membership Interests. Preferred Stock Our board of directors has the authority to issue shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof, including dividend rights, dividend rates, conversion rights, voting rights, terms of redemption, redemption prices, liquidation preferences and the number of shares constituting any series or the designation of such series, without further vote or action by the stockholders. The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of HII without further action by the stockholders and may adversely affect the voting and other rights of the holders of Class A common stock. At present, we have no plans to issue any preferred stock. Treasury Stock Treasury stock is recorded at cost. As of June 30, 2017 and December 31, 2016 , we held 131,171 and 119,544 shares of treasury stock, respectively, recorded at a cost of $1.3 million and $1.1 million , respectively. Tax Obligation Settlements and Treasury Stock Transactions Treasury stock is recorded pursuant to the surrender of shares by certain employees to satisfy statutory tax withholding obligations on vested restricted stock awards. In addition, certain forfeited stock-based awards are transferred to and recorded as treasury stock, and certain restricted stock awards have been granted from shares in Treasury, and certain forfeited awards. During the six months ended June 30, 2017 , 11,627 shares were transferred to Treasury as a result of surrendered shares of vested restricted stock awards. No shares were transferred to Treasury during the three months ended June 30, 2017 as a result of forfeitures of restricted stock awards. There was no other Treasury activity during the six months ended June 30, 2017 . During the three and six months ended June 30, 2016 , 2,399 and 6,531 shares, respectively, were transferred to Treasury as a result of surrendered shares of vested restricted stock awards and 1,623 and 15,280 options, respectively, were exercised and converted to Class A common stock out of treasury. During both the three and six months ended June 30, 2016, 3,200 shares, respectively, were transferred to Treasury as a result of forfeitures of restricted stock awards. Registration Statement on Form S-3 On May 5, 2017 the Company filed a registration statement on Form S-3, effective May 19, 2017, to offer and sell, from time to time, up to $150 million of any combination of debt securities, Class A Common Stock, preferred stock, warrants, subscription rights, units, or purchase contracts as described in the related prospectus. Securities may be sold in one or more classes or series and in amounts, at prices and on terms that we will determine at the times of the offerings and we may offer the securities independently or together in any combination for sale directly to purchasers or through underwriters, dealers or agents to be designated at a future date. We intend to use the net proceeds from the sale of the securities for general corporate purposes, including potentially expanding existing businesses, acquiring businesses and investing in other business opportunities. At June 30, 2017 , the Company had not sold any securities under this Registration Statement.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation We maintain one stock-based incentive plan, the Health Insurance Innovations, Inc. Long Term Incentive Plan (the “LTIP”), which became effective February 7, 2013, under which stock appreciation rights (“SARs”), restricted stock, restricted stock units and other types of equity and cash incentive awards may be granted to employees, non-employee directors and service providers. The LTIP expires after ten years , unless prior to that date the maximum number of shares available for issuance under the plan has been issued or our Board of Directors terminates this plan. At its inception, 1,250,000 shares of Class A common stock were reserved for issuance under the LTIP. The Company’s shareholders approved an increase of 2,000,000 shares of Class A common stock reserved for issuance in May 2017 under the LTIP and as of June 30, 2017 , there were 5,250,000 total shares reserved under the LTIP. Expense for stock-based compensation is recognized based upon estimated grant date fair value and is amortized over the requisite service period of the awards using the accelerated method. We offer awards which vest based on service conditions, performance conditions or market conditions. For grants of SARs and stock options, we apply the Black-Scholes option-pricing model, a Monte Carlo Simulation, or a lattice model, depending on the vesting conditions, in determining the fair value of share-based payments to employees. These models incorporate various assumptions, including expected volatility and expected term. Volatility is calculated using the Company’s trading history. The expected term of the awards represents the estimated period of time until exercise, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. The Company uses its best estimate and the simplified method for “plain vanilla” awards under GAAP for calculating the expected term, where applicable. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant with a term equivalent to the expected term. Compensation expense is recognized only for those awards expected to vest, with forfeitures estimated based on our historical experience and future expectations. None of the stock-based compensation was capitalized during the three and six months ended June 30, 2017 and 2016 , respectively. The Black-Scholes option-pricing model was used with the following weighted average assumptions: Six Months Ended June 30, 2017 2016 Risk-free rate 1.7 % 1.2 % Expected life 4.8 years 4.6 years Expected volatility 64.1 % 55.4 % Expected dividend none none The following table summarizes restricted shares, SARs, and stock options granted during the three and six months ended June 30, 2017 and 2016 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares 855 27 855 27 SARs 85 569 85 584 Stock options — — — — The weighted average fair value of Restricted shares granted during both the three and six months ended June 30, 2017 , was $21.94 having an aggregate intrinsic value of $18.8 million . The weighted average fair value of SARs granted during the both the three and six months ended June 30, 2017 , was $11.70 . For each of the three and six months ended June 30, 2016 , the weighted average fair value of Restricted shares granted was $6.77 having an aggregate intrinsic value of $180,000 . The weighted average fair value of SARs granted during the three and six months ended June 30, 2016 was $3.26 and $3.25 , respectively. For all new grants in 2017 and 2016 , the Company utilized an estimated pre-vest forfeiture rate of 7.0% . The following table summarizes stock-based compensation expense for the three and six months ended June 30, 2017 and 2016 ($ in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares $ 680 $ 130 $ 1,060 $ 295 SARs 249 323 682 604 Stock options 5 29 13 70 $ 934 $ 482 $ 1,755 $ 969 The following table summarizes unrecognized stock-based compensation and the remaining weighted average period over which such stock-based compensation is expected to be recognized as of June 30, 2017 ($ in thousands): Unrecognized Expense Weighted Average Remaining years Restricted shares $ 15,104 2.4 SARs 1,731 2.1 Stock options 3 0.4 $ 16,838 The amounts in the table above do not include the cost of any additional awards that may be granted in future periods nor any changes in our forfeiture rate. During the three and six months ended June 30, 2017 there were 212,700 and 1.3 million SARs exercised, respectively, resulting in an increase of 150,000 and 934,100 issued Class A common stock, respectively. No SARs were exercised during the three and six months ended June 30, 2016 . During the three and six months ended June 30, 2017 there were 17,500 outstanding SARs forfeited. During the three and six months ended June 30, 2016 , 12,000 and 22,000 SARs were forfeited, respectively. During the three and six months ended June 30, 2017 there were 10,800 and 18,800 options exercised, respectively, and 1,600 and 15,300 options exercised during the three and six months ended June 30, 2016 , respectively. During the three and six months ended June 30, 2017 and 2016 , there were no options forfeited. For the three months ended June 30, 2017 , there was no cash outflow with respect to shares redeemed to cover the recipient’s tax obligations for the settlement of stock based incentive plans. For the six months ended June 30, 2017 , there was $185,000 of cash outflow with respect to shares redeemed to cover the recipient’s tax obligations. For the three and six months ended June 30, 2016 , respectively, there was cash outflow of $14,000 and $39,000 with respect to shares redeemed to cover the recipient’s tax obligations. We recognized income tax benefits from stock-based activity of $280,000 and $3.6 million for the three and six months ended June 30, 2017 , respectively. For the three and six months ended June 30, 2016 , we recognized income tax benefits of $28,000 and $42,000 , respectively, from stock-based activity. During the three months ended March 31, 2017, the Company elected to early adopt ASU 2016-9 and as a result of this adoption, excess tax benefits of $3.3 million related to vested and exercised share-based compensation awards were recorded as a decrease in income tax expense and a $0.38 increase in our basic earnings per share in the condensed consolidated statement of income. The Company has elected to continue its policy of estimating forfeitures in accordance with the update.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Net Income Per Share	Net Income per Share The computations of basic and diluted net income per share attributable to HII for the three and six months ended June 30, 2017 and 2016 were as follows ($ in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic net income attributable to Health Insurance Innovations, Inc. $ 4,383 $ 1,857 $ 10,217 $ 2,762 Weighted average shares—basic 11,550,204 7,592,972 10,228,564 7,578,264 Effect of dilutive securities: Restricted shares 250,908 77,915 251,851 78,475 SARs 541,070 19,353 710,826 15,886 Stock options 23,732 42,424 29,446 43,577 Weighted average shares—diluted 12,365,914 7,732,664 11,220,687 7,716,202 Basic net income per share attributable to Health Insurance Innovations, Inc. $ 0.38 $ 0.24 $ 1.00 $ 0.36 Diluted net income per share attributable to Health Insurance Innovations, Inc. $ 0.35 $ 0.24 $ 0.91 $ 0.36 Potential common shares are included in the diluted per share calculation when dilutive. Potential common shares consist of Class A common stock issuable through unvested restricted stock grants and stock appreciation rights and are calculated using the treasury stock method. The following securities were not included in the calculation of diluted net income per share because such inclusion would be antidilutive (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares 685 19 804 24 SARs — 10 — 17 Stock options — — — — Additionally, potential common stock totaling 3,841,667 shares at June 30, 2017 and 6,841,667 shares at June 30, 2016 issuable under an exchange agreement were not included in diluted shares because such inclusion would be antidilutive. See Note 5 for further details on the exchange agreement.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes HPIH is taxed as a partnership for income tax purposes; as a result, it is not subject to entity-level federal or state income taxation but its members are liable for taxes with respect to their allocable shares of each company’s respective net taxable income. We are subject to U.S. corporate federal, state and local income taxes on our allocable share of net taxable income that is reflected in our consolidated financial statements. The effective tax rate for the three and six months ended June 30, 2017 was 28.7% and 7.9% , respectively. The effective tax rate for the three and six months ended June 30, 2016 was 11.2% and 12.3% , respectively. For the three and six months ended June 30, 2017 the provision for income taxes, respectively, was $2.8 million and $1.3 million , respectively. For the three and six months ended June 30, 2016 the provision for income taxes, respectively, was $537,000 and $921,000 , respectively. Deferred taxes on our investment in HPIH are measured on the difference between the carrying amount of our investment in HPIH and the corresponding tax basis of this investment. We do not measure deferred taxes on differences within HPIH, as those differences inherently comprise our deferred taxes on our external investment in HPIH. Due to the ownership structure of HP, which is a taxable entity, it cannot join in a consolidated tax filing with HII. Consequently, its federal and state tax jurisdictions are separate from those of HII, which prevents deferred tax assets and liabilities of HII and HP from offsetting one another. The effective tax rate for HII, for the six months ended June 30, 2017 , was mainly impacted by the tax benefit realized by the early adoption of ASU 2016-9. HP’s 2017 book loss generates a deferred tax benefit which is materially offset by a valuation allowance. As a result, due to the offsetting effect of HP’s pretax book loss and HII’s pretax book income when the two are combined, the deferred tax benefit from HP along with the benefit realized by HII’s early adoption of the accounting update results in a total combined effective tax rate of 7.9% . On a standalone basis, the effective tax rate for the three and six months ended June 30, 2017 for HII was 26.2% and 7.5% , respectively, while the effective tax rate for the each of the three and six months ended June 30, 2017 for HP was 3.6% . We account for uncertainty in income taxes using a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained upon audit, including resolution of related appeals or litigation processes, if any. The second step requires us to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. Such amounts are subjective, as a determination must be made on the probability of various possible outcomes. We reevaluate uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, and new audit activity. Such a change in recognition and measurement could result in recognition of a tax benefit or an additional tax provision. For the three and six months ended June 30, 2017 and 2016 , respectively, we did no t have a balance of gross unrecognized tax benefits, and as such, no amount would favorably affect the effective income tax rate in any future periods. We believe that there will not be a significant increase or decrease to the uncertain tax positions within 12 months of the reporting date. The Company accounts for interest and penalties associated with uncertain tax positions as a component of tax expense, and none were included in the Company’s financial statements as there are not uncertain tax positions outstanding as of June 30, 2017 and 2016 , respectively. The Company’s 2013 through 2016 tax years remain subject to examination by tax authorities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies BimSym Agreements On August 1, 2012, the Company entered into a software assignment agreement with BimSym eBusiness Solutions, Inc. (“BimSym”) for our exclusive ownership of all rights, title and interest in the technology platform (“A.R.I.E.S. System”) developed by BimSym and utilized by us. As a result of the agreement, we purchased the A.R.I.E.S. System, our proprietary sales and member administration platforms, for $45,000 and this purchase was capitalized and recorded as an intangible asset. In connection with this agreement, we simultaneously entered into a master services agreement for the technology, under which we are required to make monthly payments of $26,000 for five years . After the five -year term, this agreement automatically renews for one-year terms unless we give 60 days’ notice. As of June 30, 2017 , the Company had not provided notice to BimSym thereby automatically renewing the agreement for an additional one-year term. Additionally, on August 1, 2012 we also entered into an exclusivity agreement with BimSym whereby neither BimSym nor any of its affiliates will create, market or sell a software, system or service with the same or similar functionality as that of A.R.I.E.S. System under which we are required to make monthly payments of $16,000 for five years . The present value of these payments was capitalized and recorded as an intangible asset with a corresponding liability on the accompanying condensed consolidated balance sheets. Tax Receivable Agreement On February 13, 2013, we entered into a Tax Receivable Agreement (“TRA”) with HPI and HPIH as the holders of the HPIH Series B Membership Interests. The TRA requires us to pay to such holders 85% of the cash savings, if any, in U.S. federal, state and local income tax we realize (or are deemed to realize in the case of an early termination payment, a change in control or a material breach by us of our obligations under the TRA) as a result of any possible future increases in tax basis and of certain other tax benefits related to entering into the TRA, including tax benefits attributable to payments under the TRA itself. This is HII’s obligation and not an obligation of HPIH. HII will benefit from the remaining 15% of any realized cash savings. For purposes of the TRA, cash savings in income tax is computed by comparing our actual income tax liability with our hypothetical liability had we not been able to utilize the tax benefits subject to the TRA itself. The TRA became effective upon completion of the IPO and will remain in effect until all such tax benefits have been used or expired, unless HII exercises its right to terminate the TRA for an amount based on the agreed payments remaining to be made under the agreement or HII breaches any of its material obligations under the TRA in which case all obligations will generally be accelerated and due as if HII had exercised its right to terminate the agreement. Any potential future payments will be calculated using the market value of our Class A common stock at the time of the relevant exchange and prevailing tax rates in future years and will be dependent on us generating sufficient future taxable income to realize the benefit. Payments are generally due under the TRA within a specified period of time following the filing of our tax return for the taxable year with respect to which payment of the obligation arises. Exchanges of Series B Membership Interests, together with an equal number of shares of our Class B common stock, for shares of our Class A common stock, are expected to increase our tax basis in our share of HPIH’s tangible and intangible assets. These increases in tax basis are expected to increase our depreciation and amortization deductions and create other tax benefits and therefore may reduce the amount of tax that we would otherwise be required to pay in the future. As of June 30, 2017 , Series B Membership Interests, together with an equal number of shares of Class B common stock have been exchanged for a total of 4,825,000 shares of Class A common stock subsequent to the IPO. See Note 5 for further information on these issuances of Class A common stock. As a result of the exchanges noted above, we have recorded a liability of $28.6 million pursuant to the TRA as of June 30, 2017 . We have determined that this amount is probable of being paid, because a portion of the deductions and other tax benefits noted above has been utilized based on our estimated taxable income for 2017 and future periods. This liability represents the share of tax benefits payable to the entities beneficially owned by Mr. Kosloske, if we generate sufficient taxable income in the future. As of December 31, 2016 , we also reversed the valuation allowance on our deferred tax assets related to the TRA. The exchange transactions created a tax benefit to be shared by the Company and the entities beneficially owned by Mr. Kosloske. As of June 30, 2017 , we have made $672,000 of cumulative payments under the TRA. Distributor Advanced Commissions, net As a course of business, we enter into agreements with our distributors to loan future commission payments based on actual sales, referred to as advanced commissions on the condensed consolidated balance sheets. Certain of these agreements may include a loan agreement and a UCC-1 financing statement for the purposes of securing the future commission payments we make. Generally, these loans will be repaid to us by future commissions earned by the distributor based on actual sales, as described in the respective agreements. As of June 30, 2017 , the Company has recorded an allowance for bad debt of $261,000 . Legal Proceedings The Company is subject to legal proceedings, claims, and liabilities that arise in the ordinary course of business. The Company accrues losses associated with legal claims when such losses are probable and reasonably estimable. If the Company determines that a loss is probable and cannot estimate a specific amount for that loss, but can estimate a range of loss, the best estimate within the range is accrued. If no amount within the range is a better estimate than any other, the minimum amount of the range is accrued. Estimates are adjusted as additional information becomes available or circumstances change. Legal defense costs associated with loss contingencies are expensed in the period incurred. State Regulatory Examinations Indiana Multistate Market Conduct Examination The Company received notification in April 2016 from the Indiana Department of Insurance that a multistate examination had been commenced providing for the review of HCC Life Insurance Company’s (“HCC”) short-term medical plans, Affordable Care Act compliance, marketing, and rate and form filing for all products. In May 2016, the Company received notice that the Market Actions Working Group of the National Association of Insurance Commissioners determined that the examination would become a multistate examination. As the Company was a program manager of HCC products at that time, the notification indicated that the multistate examination will include a review of the activities of the Company and a review of whether the Company’s practices are in compliance with Indiana insurance law and the similar laws of other states participating in the examination. The Indiana Department of Insurance is serving as the managing participant of the multistate examination, and the examination includes, among other things, a review of whether HCC (and the Company) has engaged in any unfair or deceptive acts or non-compliant insurance business practices. At present, forty-two states have joined the multistate examination. On June 1, 2016, the Company responded to an initial document production request in this matter. The Company received notice on March 16, 2017 that Indiana may expand the scope and time period of the examination to include a review of the Company’s marketing, sales, and administration of insurance products for all parties with whom HII conducted business. This notice was provided through an additional “warrant” which is similar to an investigatory subpoena. Additional discussions with the lead investigators took place on March 29, 2017, in which the Company sought modifications to the scope of any potential expansion, and offered to provide additional information on a voluntary basis, but in the meantime, the Company has nevertheless focused on providing the information requested by the expanded warrant. In addition to the multistate examination led by Indiana, we are aware that several other states, including Florida and South Dakota are reviewing the sales practices and potential unlicensed sale of insurance by independently owned and operated licensed-agent call centers utilized by the Company. The Company is aware of and managing additional claims and inquiries in other states that, except for the inquiries described below, the Company does not believe are material at this time. Except as otherwise described below, it is too early to determine whether any of these regulatory examinations will have a material impact on the Company. The Company is proactively communicating and cooperating with all applicable regulatory agencies, and has provided a detailed action plan to regulators that summarizes the Company’s enhanced compliance and control mechanisms. Montana Regulatory Action The Company also received notification from the Office of the Montana State Auditor, Commissioner of Securities and Insurance (“CSI”) that an administrative action had been initiated against it. The Company was among more than two dozen separate parties named by the CSI in a Notice of Proposed Agency Action on May 12, 2016, that alleges potential violations of the Montana Insurance Code. The Notice, directed to the Company as well as a large pool of third-party respondents ranging from very large companies to individual insurance agents, indicated that the CSI was concerned with the possibility of unfair trade practices, potentially unlicensed insurance practices, or agents that were not properly appointed to the insurance carriers for whom products were being offered. Seventeen of the named parties, including the Company, requested a hearing before the CSI to contest the state’s allegations and, in addition to reviewing its own data, the Company has requested certain materials, data, and information from the CSI in order to do so. Pending the resolution of the matter, the CSI summarily suspended the Company’s license to conduct business in Montana. The state formally granted the Company’s request to be heard on the issues, and a neutral Hearing Officer, experienced in the insurance industry, was appointed to hear the matter. The Company has been cooperative with the CSI, and both parties have exchanged information attendant to the hearing process. On March 2, 2017, Montana indicated it was exploring the possibility of consolidating its own investigation with the Indiana Multistate Market Conduct Examination and conversations with the lead investigators on March 29, 2017 indicate such will occur. The Company expects that the Montana investigation will be consolidated into the above-described multi-state inquiry, and the Company is awaiting confirmation from the involved parties. While waiting for that confirmation, the hearing examiner assigned to the matter unexpectedly passed away, and the case has been temporarily stayed pending the appointment of a new hearing examiner. As a result of the anticipated consolidation of the CSI action with the multi-state examination, the Company no longer believes that a loss arising from the CSI action is probable, and the Company has no reasonable basis for estimating the impact, if any, that the CSI action (as an independent action separate from the multi-state examination) might have on the Company. Massachusetts Regulatory Action The Company also received notification of a civil investigative demand from the Massachusetts Attorney General’s Office (“MAG”) on June 16, 2016. As part of the MAG’s regulatory oversight of the Massachusetts health care system and its corresponding authority to request documents from market participants, the MAG has requested certain information and documents from the Company. The information requested will be used to review the Company’s sales and marketing practices, and ensure the Company is in compliance with Massachusetts laws and regulations. Additionally, the Company’s materials and sales and marketing practices will be evaluated in order to ensure that they are neither deceptive nor do they constitute unfair trade practices. The Company continues to provide all requested documents and materials requested by the MAG, and is in the process of assembling some additionally-requested information. The Company continues to cooperate with the MAG in the interest of bringing the matter to an agreeable conclusion. While the MAG has indicated it is amenable to exploring all available options, and it is still too early to assess whether the MAG’s investigation will result in a material impact on the Company, the Company believes that based on the nature of the allegations raised by the MAG during the fourth quarter of 2016, a loss arising from the future assessment of a civil penalty against the Company is probable. Notwithstanding, due to the relatively procedural stage of the investigative process, the recent settlement of another party (a carrier) for the same set of allegations, and the fact that the Company has neither requested nor received evidentiary material from the MAG, the Company is currently unable to estimate the amount of any potential civil penalty or determine a range of potential loss. It is possible there may be no financial loss, a nominal or minimal loss, or some other mutually satisfactory resolution reached with the MAG. Texas Regulatory Action In September 2016, the Texas Department of Insurance (“TDI”) notified the Company that it has instituted an enforcement action to investigate alleged violations of advertising rules and third-party administrator license requirements in connection with the sale of the Company’s products. In connection with the investigation, the TDI requested certain information, records, and explanations and the Company delivered a response and the requested information and records in November 2016. Following such date, the TDI took no action, and communicated only that it was continuing to review the matter. In May 2017, the TDI communicated a series of additional requests for information, and the results were provided two weeks later. Since that time, there has been no additional communication from the TDI. The Company’s position is that there have been no violations of the advertising or third-party administrator statutes in Texas, although there is no assurance that the TDI will agree with position. This action has developed slowly, and accordingly the Company has not determined any potential loss to be probable. Additionally, due to the early stage of the matter any potential loss is not reasonably estimable. Accordingly, no loss or range of loss has been recorded or disclosed. We are proactively communicating and cooperating with all regulatory agencies involved in the above-described examinations and actions and we have recently developed and enhanced our compliance and control mechanisms. However, it is too early to determine whether any of these regulatory matters will have a material impact on our business. Any adverse finding could result in significant penalties or other liabilities and/or a requirement to modify our marketing or business practices and the practices of our third-party distributors, which could harm our business, results of operations or financial condition. Moreover, an adverse regulatory action in one jurisdiction could result in penalties and adversely affect our license status or reputation in other jurisdictions due to the requirement that adverse regulatory actions in one jurisdiction be reported to other jurisdictions. Miscellaneous TPA Licensure Many states have statutes that require the licensure of third-party insurance administrators (“TPA”). The statutes and applicable regulations vary from state-to-state with respect to the nature of the business activities that may require licensure. Where the Company believes that statutes are unclear or open to interpretation, it takes the prudent approach of applying for a TPA license. Therefore, the Company applied for a TPA license with the Florida Office of Insurance Regulation ("OIR"). In June 2017, the OIR denied the Company’s application based on its determination that the Company had not yet provided all information required to process the application. In June 2017, the Company appealed the denial with the Florida Division of Administrative Hearings. A final hearing on the matters has been scheduled for October 17-20, 2017, but the Company is working with the OIR to reach a mutually agreeable resolution of the matter prior to the hearing, including discussing whether the OIR will require the Company to hold such a license at all. Telephone Consumer Protection Act The Company has received a number of private-party claims relating to alleged violations of the federal Telephone Consumer Protection Act (TCPA) by its independently owned and operated licensed-agent distributors, alleging that their marketing activities were potentially unlawful. The Company has been named as a defendant in multiple lawsuits relating to alleged TCPA matters, including claims styled, but not yet certified, as class actions. The Company is presently reviewing these matters and reviewing distributor compliance, and enhancing existing compliance. While these types of claims have previously settled or resolved without any material effect on the Company, there is a possibility in the future that one or more could have a material effect. The Company requires that its independently owned and operated licensed-agent distributors reimburse or indemnify it for any such settlements. Other The Company has previously received inquiries but no claims, litigation, or findings of violation relating to alleged data loss and/or privacy breaches relating to affiliated companies. Each allegation is investigated upon receipt and handled promptly to resolution. The Company has received claims relating to customer service and claims handling issues arising from a prior carrier relationship of the Company. Some of these matters have been styled as, but not yet certified, class actions. Recently, in one of the matters known as the “Azad case,” the Company sought and received dismissal from the matter without prejudice. The Company has filed its own lawsuit against that same carrier. The Company has received demands for indemnification from this carrier but no lawsuit has been filed against us from said carrier. The Company has received claims from insureds relating to lack of carrier coverage, claims handling, and alleged deceptive sales practices relating to these carriers. In each of these individual insureds’ claims, the Company attempts to dismiss, challenge or resolve the claims as quickly as possible.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We measure and report financial assets and liabilities at fair value on a recurring basis. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (referred to as an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value of our financial assets and liabilities is determined by using three levels of input, which are defined as follows: Level 1: Quoted prices in active markets for identical assets or liabilities Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability Level 3: Unobservable inputs for the asset or liability The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. We utilize the market approach to measure the fair value of our financial assets. As subjectivity exists with respect to many of the valuation techniques, the fair value estimates we have disclosed may not equal prices that we may ultimately realize if the assets are sold or the liabilities are settled with third parties. Below is a description of our valuation methods. Noncompete obligation. Our noncompete obligation, an exclusivity agreement with the developer of the A.R.I.E.S System as described in Note 9 is primarily valued using nonbinding market prices as stated in the agreement that are corroborated by observable market data. The inputs and fair value are reviewed for reasonableness and may be further validated by comparison to publicly available information or compared to multiple independent valuation sources. The noncompete obligation is classified within Level 2 of the fair value hierarchy. The carrying amounts of financial assets and liabilities reported in the accompanying condensed consolidated balance sheets for cash and cash equivalents, restricted cash, credit card transactions receivable, accounts receivable, advanced commissions, carriers and vendors payable, commissions payable, and accounts payable and accrued expenses as of June 30, 2017 and December 31, 2016 , respectively, approximate fair value because of the short-term duration of these instruments. As of June 30, 2017 , there were no remaining liabilities measured at fair value. As of December 31, 2016 , our liabilities measured at fair value were as follows ($ in thousands): Carrying Value Fair Value Measurement as of December 31, 2016 as of Level 1 Level 2 Level 3 Liabilities: Noncompete obligation $ 110 $ — $ 110 $ — $ 110 $ — $ 110 $ —

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Health Plan Intermediaries, LLC HPI and its subsidiary HPIS, which are beneficially owned by Mr. Kosloske, are related parties by virtue of their Series B Membership Interests in HPIH, of which we are managing member. During the six months ended June 30, 2017 , HPIH paid cash distributions of $4.5 million for these entities related to estimated federal and state income taxes, pursuant to the operating agreement entered into by HPIH and HPI. Of this, $2.8 million related to amounts accrued for at December 31, 2016 . For the six months ended June 30, 2016 , $68,000 in cash distributions were made for estimated federal and state income taxes. Pursuant to the operating agreement of HPIH, we determine when distributions will be made to the members of HPIH and the amount of any such distributions, except that HPIH is required by the operating agreement to make certain pro rata distributions to each member of HPIH quarterly on the basis of the assumed tax liabilities of the members. As of June 30, 2017 , we have no accrued payments due to member on the condensed consolidated balance sheet. At December 31, 2016 we had accrued $2.8 million for estimated tax liabilities due to our members. Tax Receivable Agreement As discussed in Note 9, on February 13, 2013, we entered into a tax receivable agreement with the holders of the HPIH Series B Membership Interests, which holders are beneficially owned by Mr. Kosloske. As of June 30, 2017 , we are obligated to pay $28.6 million pursuant to the TRA, of which $521,000 is included in current liabilities and $28.1 million is included in long-term liabilities on the accompanying condensed consolidated balance sheets. As of June 30, 2017 , we have made cumulative payments under the TRA of $672,000 . Reinsurance Insurance carriers with which we do business often reinsure a portion of their risk. From time to time, entities owned or affiliated with Michael Kosloske, serve as reinsurers for insurance carriers that offer products sold by HPIH.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events On July 19, 2017, the Company, through HPIH, entered into a Credit Agreement (the “Credit Agreement”) among HPIH, and certain of its affiliates as guarantors, and SunTrust Bank, as lender (the “Lender”). The Credit Agreement provides for a $30.0 million revolving credit facility (the “Credit Facility”) pursuant to which the Lender has agreed to make revolving loans and issue letters of credit. The Credit Facility will be used for general corporate purposes, including to fund ongoing working capital needs, capital expenditures, and permitted acquisitions. The Credit Facility also provides HPIH with the right to request additional incremental term loans thereunder up to an aggregate additional amount of $20 million , subject to the satisfaction of certain additional conditions provided therein. The Credit Facility matures on July 17, 2020 (the “Termination Date”), and borrowings under the Credit Agreement can either be, at HPIH’s election: (i) at the Base Rate (which is the highest of the prime rate, the federal funds rate plus 0.50% , the one-month LIBOR index rate plus 1.00% , and zero ) plus a spread ranging from 0.75% to 1.25% or (ii) at Adjusted LIBOR (as defined in the Credit Agreement) plus a spread ranging from 1.75% to 2.25% . The applicable spread is dependent upon HPIH’s Consolidated Total Leverage Ratio (as defined in the Credit Agreement). Interest accrued on each Base Rate Loan (as defined in the Credit Agreement) is payable in arrears on the last day of each calendar quarter and on the Termination Date. Interest accrued on each Eurodollar Loan (as defined in the Credit Agreement) is payable on the last day of the applicable interest period, or every three months, whichever comes sooner, and on the Termination Date. The Credit Facility is secured by: (i) a first priority lien on substantially all of the assets (subject to certain excluded assets) of HPIH and certain of its affiliates (including the Company) and (ii) pledges of equity interests in the subsidiaries of the Company. The Credit Agreement contains customary covenants including, but not limited to, (i) a minimum interest coverage ratio and a maximum Consolidated Total Leverage Ratio and (ii) limitations on incurrence of debt, investments, liens on assets, certain sale and leaseback transactions, transactions with affiliates, mergers, consolidations and sales of assets. The Credit Agreement also includes customary events of default, conditions, representations and warranties, and indemnification provisions.

Organization, Basis of Presen20

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the financial information and footnotes required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements include the accounts of Health Insurance Innovations, Inc., its wholly-owned subsidiaries, one of which is a Variable Interest Entity (“VIE”), of which the Company is the primary beneficiary. See Note 2 for further information on the VIE. All significant intercompany balances and transactions have been eliminated in preparing the consolidated financial statements. The results of operations for business combinations are included from their respective dates of acquisition. Noncontrolling interests are included in the condensed consolidated balance sheets as a component of stockholders’ equity that is not attributable to the equity of the Company. We report separately the amounts of consolidated net income attributable to us and noncontrolling interests. The information included in this quarterly report, including the interim condensed consolidated financial statements and the accompanying notes, should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 . The condensed consolidated results for th e three and six months ended June 30, 2017 are not necessarily indicative of the results to be expected for any interim subsequent period or for the year ending December 31, 2017 . As an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), we benefit from certain temporary exemptions from various reporting requirements, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements. We have also elected under the JOBS Act to delay the adoption of new and revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates. These exemptions will apply for a period of five years following the completion of our IPO which closed on February 13, 2013. However, if we record $1.07 billion in total annual gross revenue before that time or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any June 30 before that time, we would cease to be an emerging growth company as of the following December 31.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements. These estimates also affect the reported amounts of revenue and expenses during the reporting periods. Actual results could materially differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In the following summary of recent accounting pronouncements, all references to effective dates of Financial Accounting Standards Board (“FASB”) guidance relate to nonpublic entities. As noted above, we have elected to delay the adoption of new and revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies under provisions of the JOBS Act. Recently adopted accounting pronouncements In March 2016, the FASB issued an amendment to its accounting guidance for stock compensation as part of the FASB’s simplification initiative. The amendments affect all entities that issue share-based payment awards to their employees. The areas for simplification involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas for simplification apply only to nonpublic entities. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. For all other entities, the amendments are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. Early adoption is permitted for any entity in any interim or annual period. The Company elected to early adopt this update during the quarter ended March 31, 2017. As described in Note 19 in our Annual Report on Form 10-K for the year ended December 31, 2016, the Company’s former Chief Executive Officer exercised 1.0 million Stock Appreciation Rights in February 2017. Early adoption of this update was favorable in light of the material exercise and as a result of this adoption, during the three months ended March 31, 2017, excess tax benefits of $3.3 million related to vested and exercised share-based compensation awards were recorded as a decrease in income tax expense and a $0.38 increase in our first-quarter basic earnings per share in the condensed consolidated statement of income. Recently issued accounting pronouncements In May 2017, the FASB issued a new accounting standard update which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The amendments are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this standard on the consolidated financial statements and disclosures, but do not expect it to have a significant impact on our condensed consolidated financial statements. In January 2017, the FASB issued a new accounting standard update on simplifying the accounting for goodwill impairment. The new guidance eliminates the requirement to calculate the implied fair value of goodwill (i.e., Step 2 of the goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. This guidance will be effective for interim or annual goodwill impairment tests in fiscal years beginning after December 15, 2019 and will be applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company does not believe that this guidance will have a material impact on our condensed consolidated financial statements. In November 2016, the FASB issued an update which requires companies to include amounts generally described as restricted cash and restricted cash equivalents in cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. We have not yet completed the analysis of how adopting this update will affect our condensed consolidated financial statements and disclosures. In August 2016, the FASB issued an update to the presentation of certain cash receipts and cash payments as presented and classified in the statement of cash flows. The update provides amendments to the codification for eight specific cash flow issues such as the classification of debt prepayment or debt extinguishment costs to the classification of the proceeds from the settlement of insurance claims. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. We will adopt this guidance in reporting periods beginning after December 15, 2018. We are currently evaluating the impact of this guidance on our condensed consolidated financial statements. In February 2016, the FASB issued an amendment to its accounting guidance for leases to increase transparency and comparability by requiring organizations to recognize lease assets and lease liabilities on the balance sheet and increasing disclosures about key leasing arrangements. The amendment updates the critical determinant from capital versus operating to whether a contract is or contains a lease because lessees are required to recognize lease assets and lease liabilities for all leases – financing and operating – other than short term. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. We will adopt this guidance in reporting periods beginning after December 15, 2018. The Company is still evaluating the effect of the update on our financial statements and internal controls over financial reporting but does not believe that the impact of adopting this pronouncement will be material to the condensed consolidated financial statements. In May 2014, the FASB issued an amendment to its accounting guidance related to revenue recognition. The amendment clarifies the principles for recognizing revenue. The guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in the judgments and assets recognized from costs incurred to obtain or fulfill a contract. For a public entity, the amendments in this update and the related deferral guidance are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. For all other entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2018. Early adoption is not permitted. We will adopt this guidance in reporting periods beginning after December 15, 2018. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method nor have we determined the impact of the new standard on our condensed consolidated financial statements. We have not determined the effect of the update on our internal controls over financial reporting or other changes in business practices and processes but will do so in the design and implementation phase which is to begin during the current calendar year.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Major Classes of Intangible Assets	Major classes of intangible assets as of June 30, 2017 consisted of the following ($ in thousands): Weighted-average Amortization (years) Gross Carrying Amount Accumulated Amortization Intangible Assets, net Brand 14.1 $ 1,377 $ (353 ) $ 1,024 Carrier network 5.0 40 (40 ) — Distributor relationships 6.8 4,059 (3,130 ) 929 Noncompete agreements 4.7 987 (972 ) 15 Customer relationships 5.8 1,484 (1,140 ) 344 Capitalized software 6.7 8,571 (3,999 ) 4,572 Total intangible assets $ 16,518 $ (9,634 ) $ 6,884 Major classes of intangible assets as of December 31, 2016 consisted of the following ($ in thousands): Weighted-average Amortization (years) Gross Carrying Amount Accumulated Amortization Intangible Assets, net Brand 14.1 $ 1,377 $ (311 ) $ 1,066 Carrier network 5.0 40 (40 ) — Distributor relationships 6.8 4,059 (2,831 ) 1,228 Noncompete agreements 4.7 987 (881 ) 106 Customer relationships 5.8 1,484 (1,125 ) 359 Capitalized software 6.7 8,571 (3,423 ) 5,148 Total intangible assets $ 16,518 $ (8,611 ) $ 7,907
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated annual pretax amortization of intangible assets for the remainder of 2017 and in each of the next five years and thereafter are as follows ($ in thousands): Remainder of 2017 $ 942 2018 1,725 2019 1,338 2020 1,338 2021 685 2022 114 Thereafter 742 Total $ 6,884

Accounts Payable and Other Li22

Accounts Payable and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Summary of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following as of ($ in thousands): June 30, 2017 December 31, 2016 Carriers and vendors payable $ 14,549 $ 11,385 Commissions payable 5,513 5,710 Accrued wages 4,036 4,206 Accrued refunds 2,115 3,238 Accounts payable 792 928 Accrued professional fees 1,150 910 Accrued credit card/ACH fees 406 430 Accrued restructuring — 3 Other accrued expenses 1,572 2,870 Total accounts payable and accrued expenses $ 30,133 $ 29,680

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Weighted Average Assumptions	The Black-Scholes option-pricing model was used with the following weighted average assumptions: Six Months Ended June 30, 2017 2016 Risk-free rate 1.7 % 1.2 % Expected life 4.8 years 4.6 years Expected volatility 64.1 % 55.4 % Expected dividend none none
Summary of Restricted Stock Option	The following table summarizes restricted shares, SARs, and stock options granted during the three and six months ended June 30, 2017 and 2016 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares 855 27 855 27 SARs 85 569 85 584 Stock options — — — —
Summary of Stock-based Compensation Expenses	The following table summarizes stock-based compensation expense for the three and six months ended June 30, 2017 and 2016 ($ in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares $ 680 $ 130 $ 1,060 $ 295 SARs 249 323 682 604 Stock options 5 29 13 70 $ 934 $ 482 $ 1,755 $ 969
Summary of Unrecognized Stock-based Compensation	The following table summarizes unrecognized stock-based compensation and the remaining weighted average period over which such stock-based compensation is expected to be recognized as of June 30, 2017 ($ in thousands): Unrecognized Expense Weighted Average Remaining years Restricted shares $ 15,104 2.4 SARs 1,731 2.1 Stock options 3 0.4 $ 16,838

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Summary of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income	The computations of basic and diluted net income per share attributable to HII for the three and six months ended June 30, 2017 and 2016 were as follows ($ in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Basic net income attributable to Health Insurance Innovations, Inc. $ 4,383 $ 1,857 $ 10,217 $ 2,762 Weighted average shares—basic 11,550,204 7,592,972 10,228,564 7,578,264 Effect of dilutive securities: Restricted shares 250,908 77,915 251,851 78,475 SARs 541,070 19,353 710,826 15,886 Stock options 23,732 42,424 29,446 43,577 Weighted average shares—diluted 12,365,914 7,732,664 11,220,687 7,716,202 Basic net income per share attributable to Health Insurance Innovations, Inc. $ 0.38 $ 0.24 $ 1.00 $ 0.36 Diluted net income per share attributable to Health Insurance Innovations, Inc. $ 0.35 $ 0.24 $ 0.91 $ 0.36
Summary of Securities Not Included in Calculation of Diluted Net Income	The following securities were not included in the calculation of diluted net income per share because such inclusion would be antidilutive (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Restricted shares 685 19 804 24 SARs — 10 — 17 Stock options — — — —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Summary of Liabilities Measured at Fair Value	As of June 30, 2017 , there were no remaining liabilities measured at fair value. As of December 31, 2016 , our liabilities measured at fair value were as follows ($ in thousands): Carrying Value Fair Value Measurement as of December 31, 2016 as of Level 1 Level 2 Level 3 Liabilities: Noncompete obligation $ 110 $ — $ 110 $ — $ 110 $ — $ 110 $ —

Organization, Basis of Presen26

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Organization, Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Period of exemptions under JOBS Act					5 years
Annual gross revenue					$ 1,070
Market value of common stock held by non-affiliates					$ 700
Number of stock options exercised during the period (in shares)		10,800		1,600	18,800	15,300
Excess tax benefits related to vested and exercised share-based compensation awards			$ 3.3
Increase in basic earnings per share (in USD per share)			$ 0.38
SARs
Organization, Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Number of stock options exercised during the period (in shares)	1,000,000	212,700		0	1,300,000	0

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - HPIH	6 Months Ended
	Jun. 30, 2017
Variable Interest Entity [Line Items]
Percentage of voting interests	100.00%
Total membership interest without voting right	76.40%

Goodwill and Intangible Asset28

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill	$ 41,076	$ 41,076
Minimum
Goodwill [Line Items]
Finite lived intangible asset useful life	2 years
Maximum
Goodwill [Line Items]
Finite lived intangible asset useful life	15 years

Goodwill and Intangible Asset29

Goodwill and Intangible Assets - Schedule of Major Classes of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 16,518		$ 16,518		$ 16,518
Accumulated Amortization	(9,634)		(9,634)		(8,611)
Intangible Assets, net	6,884		6,884		$ 7,907
Amortization expense	512	$ 557	$ 1,000	$ 1,100
Brand
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			14 years 1 month 6 days		14 years 1 month 6 days
Gross Carrying Amount	1,377		$ 1,377		$ 1,377
Accumulated Amortization	(353)		(353)		(311)
Intangible Assets, net	1,024		$ 1,024		$ 1,066
Carrier network
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			5 years		5 years
Gross Carrying Amount	40		$ 40		$ 40
Accumulated Amortization	(40)		(40)		(40)
Intangible Assets, net	0		$ 0		$ 0
Distributor relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			6 years 9 months 18 days		6 years 9 months 18 days
Gross Carrying Amount	4,059		$ 4,059		$ 4,059
Accumulated Amortization	(3,130)		(3,130)		(2,831)
Intangible Assets, net	929		$ 929		$ 1,228
Noncompete agreements
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			4 years 8 months 12 days		4 years 8 months 12 days
Gross Carrying Amount	987		$ 987		$ 987
Accumulated Amortization	(972)		(972)		(881)
Intangible Assets, net	15		$ 15		$ 106
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			5 years 9 months 18 days		5 years 9 months 18 days
Gross Carrying Amount	1,484		$ 1,484		$ 1,484
Accumulated Amortization	(1,140)		(1,140)		(1,125)
Intangible Assets, net	344		$ 344		$ 359
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Weighted-average Amortization (years)			6 years 8 months 12 days		6 years 8 months 12 days
Gross Carrying Amount	8,571		$ 8,571		$ 8,571
Accumulated Amortization	(3,999)		(3,999)		(3,423)
Intangible Assets, net	$ 4,572		$ 4,572		$ 5,148

Goodwill and Intangible Asset30

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2017	$ 942
2,018	1,725
2,019	1,338
2,020	1,338
2,021	685
2,022	114
Thereafter	742
Intangible Assets, net	$ 6,884	$ 7,907

Accounts Payable and Other Li31

Accounts Payable and Other Liabilities - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Carriers and vendors payable	$ 14,549	$ 11,385
Commissions payable	5,513	5,710
Accrued wages	4,036	4,206
Accrued refunds	2,115	3,238
Accounts payable	792	928
Accrued professional fees	1,150	910
Accrued credit card/ACH fees	406	430
Accrued restructuring	0	3
Other accrued expenses	1,572	2,870
Total accounts payable and accrued expenses	$ 30,133	$ 29,680

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	Mar. 13, 2017shares	Mar. 08, 2017USD ($)$ / sharesshares	Feb. 13, 2013$ / sharesshares	Jun. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2016shares	Jun. 30, 2017USD ($)Vote$ / sharesshares	Jun. 30, 2016shares	Dec. 31, 2016USD ($)$ / sharesshares	May 19, 2017USD ($)	Feb. 01, 2014shares
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)				5,000,000		5,000,000		5,000,000
Preferred stock, par value (in USD per share) | $ / shares				$ 0.001		$ 0.001		$ 0.001
Treasury stock, shares (in shares)				131,171		131,171		119,544
Treasury stock, carrying cost | $				$ 1,307,000		$ 1,307,000		$ 1,122,000
Number of shares transferred to treasury (in shares)					2,399	11,627	6,531
Registration Statement, maximum potential consideration | $									$ 150,000,000
Treasury Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)								(20,697)
Number of shares transferred to treasury (in shares)						(11,627)		(21,397)
Treasury Stock | Forfeitures of Restricted Stock Awards
Class of Stock [Line Items]
Number of shares acquired during the period (in shares)				0	3,200		3,200
Class A Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	3,000,000	3,000,000
Common stock, par value (in USD per share) | $ / shares				$ 0.001		$ 0.001		$ 0.001
Share price (in USD per share) | $ / shares		$ 14
Common stock, shares authorized (in shares)		3,000,000		100,000,000		100,000,000		100,000,000		8,566,667
Common stock votes per share | Vote						1
Proceeds from issuance of stock | $		$ 39,500,000
Share price net of underwriting discount (in USD per share) | $ / shares		$ 13.16
Class A Common Stock | Treasury Stock
Class of Stock [Line Items]
Number of shares acquired during the period (in shares)					1,623		15,280
Class A Common Stock | HII
Class of Stock [Line Items]
Total membership interest without voting right				76.40%		76.40%
Percentage of voting interests						100.00%
Class A Common Stock | IPO
Class of Stock [Line Items]
Issuance of common stock (in shares)			4,666,667
Common stock, par value (in USD per share) | $ / shares			$ 0.001
Share price (in USD per share) | $ / shares			$ 14
Class B Common Stock
Class of Stock [Line Items]
Common stock, par value (in USD per share) | $ / shares				$ 0.001		$ 0.001		$ 0.001
Common stock, shares authorized (in shares)				20,000,000		20,000,000		20,000,000
Common stock votes per share | Vote						1
Class B Common Stock | HII
Class of Stock [Line Items]
Common stock voting rights percentage						23.60%
Economic interest						0.00%
Class B Common Stock | IPO
Class of Stock [Line Items]
Issuance of common stock (in shares)			8,666,667
Class B Common Stock | IPO | Health Plan Intermediaries, LLC
Class of Stock [Line Items]
Issuance of common stock (in shares)			8,580,000
Class B Common Stock | IPO | HPIS
Class of Stock [Line Items]
Issuance of common stock (in shares)			86,667
Series B Membership Interests
Class of Stock [Line Items]
Number of shares acquired during the period (in shares)		3,000,000

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)	1 Months Ended		3 Months Ended			6 Months Ended
	May 31, 2017	Feb. 28, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Feb. 07, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation capitalized			$ 0		$ 0	$ 0	$ 0
Fair value assumptions, forfeiture rate						7.00%	7.00%
Number of options outstanding forfeited (in shares)			0		0	0	0
Number of stock option exercised (in shares)			10,800		1,600	18,800	15,300
Income tax benefits from stock-based activity			$ 280,000		$ 28,000	$ 3,600,000	$ 42,000
Excess tax benefits related to vested and exercised share-based compensation awards				$ 3,300,000
Increase in basic earnings per share (in USD per share)				$ 0.38
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock option exercised (in shares)			150,000			934,100
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value, grants in period (in USD per share)			$ 21.94		$ 6.77	$ 21.94	$ 6.77
Aggregate intrinsic value, grants in period			$ 18,800,000		$ 180,000	$ 18,800,000	$ 180,000
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value, grants in period (in USD per share)			$ 11.70		$ 3.26	$ 11.70	$ 3.25
Number of options outstanding forfeited (in shares)			17,500		12,000	17,500	22,000
Number of stock option exercised (in shares)		1,000,000	212,700		0	1,300,000	0
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based incentive plan expiration period						10 years
Common stock reserved for issuance (in shares)			5,250,000			5,250,000		1,250,000
Increase in number of shares of common stock (in shares)	2,000,000
Stock Based Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash outflow from stock based incentive plans			$ 0		$ 14,000	$ 185,000	$ 39,000

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Weighted Average Assumptions (Details)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free rate	1.70%	1.20%
Expected life	4 years 9 months 18 days	4 years 7 months 6 days
Expected volatility	64.10%	55.40%
Expected dividend	0.00%	0.00%

Stock-based Compensation - Su35

Stock-based Compensation - Summary of Restricted Stock Option (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during the period (in shares)	855	27	855	27
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted during the period (in shares)	85	569	85	584
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted during the period (in shares)	0	0	0	0

Stock-based Compensation - Su36

Stock-based Compensation - Summary of Stock-based Compensation Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 934	$ 482	$ 1,755	$ 969
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	680	130	1,060	295
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	249	323	682	604
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5	$ 29	$ 13	$ 70

Stock-based Compensation - Su37

Stock-based Compensation - Summary of Unrecognized Stock-based Compensation (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation amount	$ 16,838
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation amount	$ 15,104
Stock-based compensation expense amount expected to be recognized	2 years 4 months 24 days
SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation amount	$ 1,731
Stock-based compensation expense amount expected to be recognized	2 years 1 month 6 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation amount	$ 3
Stock-based compensation expense amount expected to be recognized	4 months 24 days

Net Income per Share - Summary

Net Income per Share - Summary of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic securities
Basic net income attributable to Health Insurance Innovations, Inc.	$ 4,383	$ 1,857	$ 10,217	$ 2,762
Weighted average shares—basic (in shares)	11,550,204	7,592,972	10,228,564	7,578,264
Effect of dilutive securities:
Weighted average shares—diluted (in shares)	12,365,914	7,732,664	11,220,687	7,716,202
Basic net income per share attributable to Health Insurance Innovations, Inc. (in USD per share)	$ 0.38	$ 0.24	$ 1	$ 0.36
Diluted net income per share attributable to Health Insurance Innovations, Inc. (in USD per share)	$ 0.35	$ 0.24	$ 0.91	$ 0.36
Restricted shares
Effect of dilutive securities:
Dilutive securities (in shares)	250,908	77,915	251,851	78,475
SARs
Effect of dilutive securities:
Dilutive securities (in shares)	541,070	19,353	710,826	15,886
Stock options
Effect of dilutive securities:
Dilutive securities (in shares)	23,732	42,424	29,446	43,577

Net Income Per Share Net Income

Net Income Per Share Net Income per Share - Summary of Securities Not Included in Calculation of Diluted Net Income (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)			3,841,667	6,841,667
Restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	685,000	19,000	804,000	24,000
SARs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	0	10,000	0	17,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	0	0	0	0

Net Income Per Share - Narrativ

Net Income Per Share - Narrative (Details) - shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Anti-dilutive securities (in shares)	3,841,667	6,841,667

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Line Items]
Effective tax rate	28.70%	11.20%	7.90%	12.30%
Provision for income taxes	$ 2,800,000	$ 537,000	$ 1,331,000	$ 921,000
Minimum percentage of tax benefit settled for uncertain tax position			50.00%
Unrecognized tax benefits	$ 0	$ 0	$ 0	$ 0
HP
Income Taxes [Line Items]
Effective tax rate	3.60%		3.60%
HII
Income Taxes [Line Items]
Effective tax rate	26.20%		7.50%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Mar. 13, 2017	Mar. 08, 2017	Feb. 13, 2013	Aug. 01, 2012	Jun. 30, 2017	Jun. 30, 2017
Other Commitments [Line Items]
Allowance for bad debt					$ 261	$ 261
Tax Receivable Agreement
Other Commitments [Line Items]
Payments under tax receivable agreement						672
Tax Receivable Agreement
Other Commitments [Line Items]
Recorded liability					$ 28,600	$ 28,600
Class A Common Stock
Other Commitments [Line Items]
Issuance of common stock (in shares)	3,000,000	3,000,000
Class A Common Stock | Common Stock Issuance Over Allotment Option | Underwriters Over Allotment Option
Other Commitments [Line Items]
Issuance of common stock (in shares)					4,825,000
Series B Membership Interests
Other Commitments [Line Items]
Tax benefit payment, percentage			85.00%
Tax benefit saving, percentage			15.00%
Software Assignment Agreement | Vendor Contracts
Other Commitments [Line Items]
System purchase amount				$ 45
Master Service Agreement | Vendor Contracts
Other Commitments [Line Items]
Monthly payment for services agreement for the technology				$ 26
Service agreement term				5 years
Term of service agreement unless notice given				5 years
Required notice period to terminate service agreement				60 days
Exclusive option agreement maturity term				1 year
Exclusive Option Agreement
Other Commitments [Line Items]
Monthly payment for services agreement for the technology				$ 16
Service agreement term				5 years

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value (Details) $ in Thousands	Dec. 31, 2016USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Noncompete obligation	$ 110
Liabilities	110
Estimate of Fair Value Measurement | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Noncompete obligation	0
Liabilities	0
Estimate of Fair Value Measurement | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Noncompete obligation	110
Liabilities	110
Estimate of Fair Value Measurement | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Noncompete obligation	0
Liabilities	$ 0

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Amount of paid cash and received cash	$ 1,732,000		$ 4,757,000
Other tax benefits recorded as liability, current	521,000		3,282,000
Other tax benefits recorded as liability, noncurrent	28,078,000		9,460,000
Tax Receivable Agreement
Related Party Transaction [Line Items]
Payable under tax receivable agreement	28,600,000
Health Plan Intermediaries, LLC
Related Party Transaction [Line Items]
Amount of paid cash and received cash	4,500,000	$ 68,000
Estimated tax liabilities	0		$ 2,800,000
Tax Receivable Agreement
Related Party Transaction [Line Items]
Amount paid under agreement	$ 672,000

Subsequent Events (Details)

Subsequent Events (Details) - Credit Agreement - Revolving Credit Facility - Subsequent Event	Jul. 19, 2017USD ($)
Subsequent Event [Line Items]
Revolving credit facility	$ 30,000,000
Revolving credit facility additional aggregate incremental amount	$ 20,000,000
Federal Funds Effective Swap Rate
Subsequent Event [Line Items]
Basis spread on revolving credit facility	0.50%
London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Basis spread on revolving credit facility	1.00%
Base Rate
Subsequent Event [Line Items]
Basis spread on revolving credit facility	0.00%
Base Rate | Minimum
Subsequent Event [Line Items]
Basis spread on revolving credit facility	0.75%
Base Rate | Maximum
Subsequent Event [Line Items]
Basis spread on revolving credit facility	1.25%
Adjusted LIBOR | Minimum
Subsequent Event [Line Items]
Basis spread on revolving credit facility	1.75%
Adjusted LIBOR | Maximum
Subsequent Event [Line Items]
Basis spread on revolving credit facility	2.25%