Beanstalk Benefits Launches New Partnerships, Extends Platform to Include Part-Time and Contract Employees

Stride Health, Lane Health expand options for employees choosing their own health & wellbeing benefits

PHILADELPHIA–(BUSINESS WIRE)–#CHRO—Beanstalk Benefits today announced new health insurance and payment partnerships that give users more flexibility for building their own benefits portfolios. The company also extended its offering beyond employers of full-time workers and is now available to entities supporting freelancers, part-time workers and solopreneurs. The moves expand access to robust, personalized benefits to employees of smaller and middle-market employers and to the self-employed and contract workers.

Beanstalk launched earlier this year as the first platform to give employees the access and control to build their own benefits portfolios. Users have access to 50+ services reflecting the diversity of individual needs across Mind, Body, Family, Lifestyle and Money. Sponsoring organizations sign just one contract.

Today’s partnership with Lane Health brings the innovative Healthcare Spending Card¹ onto the Beanstalk platform, helping give individuals flexibility to pay healthcare expenses with zero-percent financing options² and the ability to help maximize the use of pre-tax dollars for qualifying expenses.

“Lane Health was built to help increase access to and affordability of health care for all people. Partnering with Beanstalk is a natural collaboration, and we’re proud to be part of a platform that’s empowering individual choice, access and flexibility,” said Christopher Aguwa, Chief Commercial Officer of Lane Health. All current Lane Health cardholders will also have access to the Beanstalk Benefits platform.

For benefits sponsors like cooperatives for fractional and self-employed professionals, and for employers that don’t offer health plans, Beanstalk has teamed up with Stride Health, an official partner of Healthcare.gov, putting Stride within the platform to help users evaluate and choose plans from the health insurance marketplace.

“As first-movers ourselves in employee-driven healthcare and portable benefits, we are excited to join forces with Beanstalk, a like-minded partner. Looking forward, we see this collaboration as a contributor to the continued growth and evolution of how people access healthcare and benefits,” said Christie Helvey, Head of Sales and Business Development for Stride Health.

The addition of Stride is particularly important to Beanstalk’s expansion to serve employees in a wider range of employment arrangements.

“The rapid evolution of point solutions now means an option exists for nearly every individual need. Employers have responded with overwhelming positivity to our simple solution to point solution fatigue: Let employees choose,” said Matthew Sydney, CEO of Beanstalk. “Our expansion to serve organizations supporting part-time and independent workers recognizes the demand we immediately saw coming from that audience. Our collaboration with Stride Health and Lane Health now creates an even more comprehensive resource built to give workers across employment arrangements more flexibility in choosing, managing, and paying for their own health and wellbeing benefits.”

Selections recently added to the Beanstalk Benefits suite of services include KELLS for oral health, Tender’s support for family caregivers, SimpliFed’s nonjudgmental babyfeeding support, Frame for fertility, Boon for personal and professional coaching, and more.

Beanstalk Benefits can be deployed within weeks, any time of year. Employers and other benefits sponsors can visit https://beanstalkbenefits.com/contact to schedule a demo and learn how platform customization can show all of an organization’s sponsored benefits in one place and personalize recommendations based on users’ profile and preferences.

About Beanstalk Benefits | Beanstalk Benefits is an entirely new way for employers and other sponsors to offer benefits. It’s the first platform to give employees the access and control to build their own portfolios of health, wealth and wellbeing benefits. By offering employees this flexibility, rather than choosing on their behalf, benefits sponsors are better able to meet the dynamic needs of each member of the diverse and modern workforce – while consolidating benefits cost and complexity under a single contract. Aggregated reporting gives benefits sponsors a clearer picture of what employees need so they can spend less money on what they don’t. Supported by a user-friendly interface, a sophisticated data analytics tool and an expert team, Beanstalk facilitates greater flexibility and personalization for a happier, healthier workforce.

About Lane Health | Lane Health, with its unique position at the intersection of FinTech and Healthcare, provides innovative financial solutions designed to make healthcare management an empowering experience for our users.

About Stride | Stride is the first portable benefits platform specifically designed for the nearly 60 million independent U.S. workers who don’t receive employer-based benefits. The platform offers access to health, dental, vision, life, and other supplemental insurance, as well as financial tools to track income, mileage and other deductible expenses to manage their tax obligations, all via a single app. Since launching in 2014, Stride has helped more than 4.2 million workers save over $7.2 billion on taxes and health insurance premiums.

Contacts

Media Contact: Liz DeForest | [email protected]