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Beam Benefits Earns Spot 189 On 2022 Deloitte Technology Fast 500 List

November 16, 2022

Digital-first benefits company increased revenue by 782% over past three years

COLUMBUS, OH – November 16, 2022 -- Beam Benefits, a digitally-native employee benefits company, today announced its ranking (No. 189) on the 2022 Deloitte Technology Fast 500 list. The list celebrates the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America based on percentage fiscal year revenue growth from 2018-2021.

This is the second consecutive year that Beam earned a spot on Deloitte’s prestigious list. The distinction comes on the heels of a period of exponential growth for Beam, where in the last few years it increased revenue by 782%, doubled member count, grew to nearly 400 employees, and raised $80 million in Series E funding. Earlier this year, Beam also announced that it added voluntary life, accident and hospital indemnity products to its benefits portfolio, making it a one-stop-shop for ancillary benefits.

“At Beam Benefits, our simple and smart approach to employee benefits ensures they’re easy to understand and use. This is a major paradigm shift in an industry that has been dominated by pen-and-paper for too long,” said Alex Frommeyer, cofounder and CEO of Beam Benefits. “A spot on the Deloitte Fast 500 list attests to Beam’s ability to help employers attract and retain talent in a hyper-competitive labor market, while ensuring they maximize value from their benefits dollars.”

Beam Benefits is best-known for modernizing dental insurance with a first-of-its-kind connected toothbrush, which allows companies to potentially earn lower insurance rates based on their members’ dental hygiene. Through its Beam Perks program, members can also earn rewards for simply brushing their teeth – and redeem those rewards for toothpaste, floss, brush replacement heads, and more.

Now, thousands of employers across the country look to Beam Benefits to make their employees’ lives healthier, happier, and more financially sound. Beam quickly and efficiently delivers in-demand benefits and can provide customized quotes in seconds. Beam is on-track for another record year and expects revenue growth over 60% in 2022.

To learn more about Beam, visit www.beambenefits.com.

About Beam Benefits 
Beam Benefits
is a digitally-native employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its intuitive online platform, self-service tools, AI-powered underwriting, and thoughtful coverage for improved overall wellness. Its Beam Perks™ program offers incentives to members and rewards them for healthy behaviors. Beam has raised over $160 million in funding and is available in 44 states across the U.S. Learn more at beambenefits.com.

Media Contact
Ellie Dundics
ellie@propllr.com

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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. Dental and vision products underwritten by Nationwide Life Insurance Company, Columbus, OH in NY, DE, ID, LA, UT, OH, TX and NM. 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. Vision Policy form number NVIGRP 2020. 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). Group Short-Term Disability and Long-Term Disability 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). Life, Short-Term Disability, and Long-Term Disability products are 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 (effective 5/1/23) 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). Products not available in all states.

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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.

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Nationwide and Beam Insurance Services LLC are separate and a non-affiliated companies.

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National Guardian Life Insurance Company, Two East Gilman, Madison, Wisconsin 53703

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Nationwide Life Insurance Company, One Nationwide Plaza, Columbus, OH 43215

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Vision Service Plan Insurance Company, 3333 Quality Drive Rancho Cordova, CA 95670

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DHMO dental product available in CA, underwritten and administered by California Dental Network, marketed by Beam Insurance Services LLC. Beam Perks™ and Beam Perks rewards program not available for DHMO product members.

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Beam Perks™ is provided by Beam Perks LLC. Eligible members age 4 and up at the time of enrollment are eligible to receive Beam Perks™ and must select their Beam Brush color within 45 days of enrollment to participate. If you do not have a mobile device you can obtain Beam Perks™ by contacting Customer Operations at 1.800.648.1179. Beam Perks™ can be obtained separately without the purchase of an insurance product by visiting perks.beam.dental. Beam Perks™ may be changed at anytime without notice and is subject to availability. See https://www.beambenefits.com/legal/beam-perks-terms-and-conditions for Terms and Conditions.

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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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There is no discount associated with the bundling of products.

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Please see plan documents for services that are considered Preventive and Diagnostic.

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Pricing customization may vary based on plan and state specific limitations.

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