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Beam Benefits launches new critical illness product to provide more coverage for serious health conditions

March 8, 2023

Beam enhances its ancillary benefits portfolio with the addition of critical illness and expands supplemental health and voluntary life plans across more states.

COLUMBUS, Ohio (March 8, 2023) – Beam Benefits, a digitally-native employee benefits company, today announced the launch of a new critical illness benefits product in 23 states, as well as introduced its supplemental health and voluntary life coverage1 in new states, allowing employers to set up a flexible benefits plan that offers their employees more choices that better suit their individual needs.

“The addition of critical illness plans and expansion of our supplemental health and voluntary life coverage builds upon Beam’s success in the employee benefits space, providing employers with a full suite of ancillary benefits to meet the evolving needs of today’s workforce,” said Alex Frommeyer, co-founder and CEO of Beam Benefits. “Our new and expanded benefit offerings ensure individuals have an affordable way to pay for the additional expenses that primary health plans may not cover.”

Through Beam’s critical illness coverage, employers may customize plans for employees with guarantee issue benefit amounts that provide financial protection for a serious illness or condition not covered by a traditional health plan. Product highlights include:

  • A lump-sum cash payout made directly to an insured individual upon diagnosis of a qualifying serious illness
  • Flexibility to allocate money for out-of-pocket treatment costs and non-medical expenses
  • No lifetime maximum benefit amount along with recurrence benefit included
  • Dependent coverage available for family members

Beam’s new critical illness benefits product is now available in Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, and Utah. The new plans are underwritten by Nationwide Life Insurance Company in Columbus, Ohio.

Additionally, Beam has expanded its accident, hospital indemnity, and voluntary life benefit plans across more states, providing a wider range of coverage options to help ease the burden of unexpected, out-of-pocket medical bills for employees.

Brokers and employers interested in learning more about Beam’s robust portfolio of ancillary benefits should contact their Beam representative or click here for additional information.

About Beam Benefits 

Beam Benefits is a digitally-native employee benefits company that offers dental, vision, life, disability, and supplemental health coverage for employers of all sizes. Beam 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.

1 Voluntary life coverage is available in AL, AZ, CA, CO, FL, GA, ID, IN, IL, KS, KY, LA, MI, MN, MO, NV, OH, OK, OR, PA, SC, TN, TX, UT

Supplemental health (Accident, Hospital Indemnity, and Critical Illness) coverage is available in AL, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MI, MO, NV, OH, OK, OR, PA, SC, TN, TX and UT.

Accident and Critical Illness coverage available in MN

Hospital Indemnity and Accident coverage available in WA and ID

Voluntary Life, Accident, Hospital only Indemnity 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). Product availability may vary by state. Program restrictions and exclusions apply.

Accelerated Death Benefit is not available in the state of CA.

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

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

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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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