2023 Beamlights: Beam Benefits year in review
Another year has flown by! We saw much growth in 2023 despite economic uncertainty and evolving return-to-office policies shaping how businesses approach the new workplace. Before we turn the calendar to 2024, let’s look back at the key moments and milestones that defined the year at Beam Benefits.
Another year has flown by! We saw much growth in 2023 despite economic uncertainty and evolving return-to-office policies shaping how businesses approach the new workplace. Before we turn the calendar to 2024, let’s look back at the key moments and milestones that defined the year at Beam Benefits.
Live from Columbus, Ohio: Beam Live premieres
Beam Live: A Benefits Revolution took the stage at Beam HQ in June, giving people a glimpse into the future of employee benefits. Our first-ever livestream event was emceed by Alex Frommeyer, Beam Benefits co-founder and CEO, and showcased the organization’s latest innovations and developments.
From new product unveilings and digital-first experiences to a panel discussion around today’s most significant challenges affecting brokers and industry professionals, Beam Live: A Benefits Revolution presented groundbreaking advancements, insightful conversations, and exciting possibilities in employee benefits.
Introducing Beam Disability powered by The Hartford
2023 may be best remembered as the year we announced a collaboration with The Hartford to offer disability insurance coverage. The new strategic relationship gives Beam members access to best-in-class short- and long-term disability insurance plans with the flexibility to customize coverage.**
Likewise, The Hartford now offers small businesses Beam Dental and Beam Vision in addition to their disability and life insurance plans.§
Beam Disability powered by The Hartford plan details
- Disability plans that can be 100% employer-paid or 100% employee-paid.
- Straightforward coverage options with no medical underwriting required to secure a plan if enrolling upon initial eligibility.
- Value-added services include the Ability Assist® Employee Assistance Program (EAP) and HealthChampionSM, as well as identity theft services and travel assistance for long-term disability insurance coverage users.˅
- Speed and ease to claims management ensures a stress-free experience for our members.
Growing the product portfolio: Introducing Beam Critical Illness
In the spring, we unveiled a new addition to our line of supplemental health plans with Beam Critical Illness. This type of coverage gives a member and their family extra protection and financial security should a qualifying serious illness happen, such as a heart attack, stroke, or cancer.
Beam Critical Illness plan highlights:
- Benefits are paid directly through a lump-sum cash payout.
- Guaranteed issue coverage is available with no pre-existing condition limitations.
- Plans feature no deductible and no lifetime maximum benefit amount.1
Beam also introduced its supplemental health and voluntary life plans in new states, allowing employers to set up a flexible benefits plan for their employees.
Beam Brush Pro: Revolutionizing oral health
We took everything Beam members love about our popular Bluetooth-connected Beam Brush and made it even better with the introduction of the Beam Brush Pro, which debuted in the market earlier this year and is now available for purchase on the Beam Shop. “Brush smarter, not harder” is the motto behind the Beam Brush Pro sonic toothbrush, which comes equipped with new features and functionality that includes multiple sonic brush modes, a gum health setting, a 2-minute timer and quadrant buzz, and so much more.
Did we mention members can connect to the Beam app (yes, it’s Wi-Fi enabled) to track and improve brushing habits and earn rewards# that can be used towards toothbrush accessories or gift cards from today’s most popular brands?
And the award goes to…
Beam proudly received national recognition and several prestigious awards in 2023, reaffirming its position as a key player in the employee benefits industry.
Beam Benefits CEO honored by Goldman Sachs for entrepreneurship
Beam Benefits named to Inc. magazine’s Best Workplaces of 2023
Beam Benefits closes on $40 million fundraise
Beam Benefits lands spot on Deloitte Technology Fast 500™ list
2023 has been a year of remarkable growth and innovation for Beam Benefits. By introducing groundbreaking products, expanding coverage options, forging strategic partnerships, and embracing digital platforms for engagement, we’re setting a new standard in employee benefits. As we look forward to 2024, Beam has some big plans that we can’t wait to share with you, so stay tuned!
§ Dental and vision insurance products underwritten by National Guardian Life Insurance Company (NGL), Madison, WI, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA). Dental policy form number NDNGRP 2020 and vision policy form number NVIGRP 2020. Dental and vision products underwritten by Nationwide Life Insurance Company, Columbus, OH in NY, DE, ID, LA, UT, OH, TX, NM, NH, NC (dental only) and NV (vision only). Dental coverage applicable to policy form GDTL AO L20, or state equivalent and vision policy form GVIS AO L20, or state equivalent. Dental and vision products administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC, in Texas). Vision insurance products underwritten by Vision Service Plan (VSP) in WA. Vision insurance products administered by Vision Service Plan Insurance Company. Life insurance product is underwritten by Nationwide Life Insurance Company, Columbus, OH, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA) and administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC in Texas). Life and AD&D coverage applicable to policy form GLIF AO L20, or state equivalent. Life product is not available to members living in Puerto Rico and product availability may vary by state. Program restrictions and exclusions apply. Accident, Hospital only Indemnity, and Critical Illness insurance products are underwritten by Nationwide Life Insurance Company, Columbus, OH, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA) and administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC in Texas). Accident coverage applicable to policy form GCAS AO L20, or state equivalent, Hospital policy form GHOI AO L20, or state equivalent and Critical Illness policy form GCI AO L20, or state equivalent. Products not available in all states.
THIS IS AN EXCEPTED BENEFITS POLICY. IT PROVIDES COVERAGE ONLY FOR THE LIMITED BENEFITS OR SERVICES SPECIFIED IN THE POLICY.
National Guardian Life Insurance Company, Madison, WI, is not affiliated with The Guardian Life Insurance Company of America, a.k.a. The Guardian, or Guardian Life.
Nationwide and Beam Insurance Services LLC are separate and non-affiliated companies.
National Guardian Life Insurance Company, Two East Gilman, Madison, Wisconsin 53703
Nationwide Life Insurance Company, One Nationwide Plaza, Columbus, OH 43215
Vision Service Plan Insurance Company, 3333 Quality Drive Rancho Cordova, CA 95670
** Short-term disability and long-term disability insurance products are underwritten by Hartford Life and Accident Insurance Company and marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA).
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries, including underwriting company Hartford Life and Accident Insurance Company, under the brand name, The Hartford®, and is headquartered at One Hartford Plaza, Hartford, CT 06155. For additional details, please read The Hartford’s legal notice at www.TheHartford.com. All benefits are subject to the terms and conditions of the policy. Policies underwritten by the underwriting company listed above detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in force or discontinued. The Hartford is not responsible and assumes no liability for administration of or payment of the dental and vision insurance products provided by Beam Benefits or their affiliates as described in the material. The Hartford receives compensation from Beam Benefits for the marketing of Dental and Vision products. © 2024 The Hartford
THE DISABILITY POLICY PROVIDES LIMITED BENEFITS. IT PROVIDES COVERAGE ONLY FOR THE LIMITED BENEFITS OR SERVICES SPECIFIED IN THE POLICY. This limited benefit plan (1) does not constitute major medical coverage, and (2) does not satisfy the individual mandate of the Affordable Care Act (ACA) because the coverage does not meet the requirements of minimum essential coverage. In New York: This Disability policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services.
Disability Form includes GBD-1000, GBD-1200, or state equivalent.
˅ Services are offered through vendors which are not affiliated with The Hartford and these services are not insurance. The Hartford is not responsible and assumes no liability for the goods and services described in this material and reserves the right to discontinue any of these services at any time. Services may vary and may not be available in all states. Visit www.TheHartford.com/employee-benefits/value-added-services for more information.
1 See insurance certificate for timeline requirements between critical illness claims.
# Beam Perks™ is a voluntary program. The information provided under this program is for general informational purposes only and is not intended to be nor should be construed as medical advice. You should consult with an appropriate health care professional to determine what may be right for you. Rewards may be taxable. You should consult with an appropriate tax professional to determine if you have any tax obligations from receiving rewards under this program. If any fraudulent activity is detected (e.g., misrepresented brushing activity), you may be suspended and/or terminated from the program. If you are unable to meet a standard related to health factor to receive a reward under this program, you might qualify for an opportunity to receive the reward by different means. Contact us at 1 (800) 648-1179 and we will work with you (and, if necessary, your doctor) to find another way for you to earn the same reward. Availability and rewards may be limited due to incentive limits under applicable law. See https://www.beambenefits.com/legal/beam-perks-terms-and-conditions for full program Terms and Conditions.
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