Beam Benefits Named Among the Fastest-Growing Companies in the Midwest by Inc. Magazine
March 3, 2023
Digital-first benefits company ranked #117 overall
COLUMBUS, OH – March 3, 2023 -- Beam Benefits, the digitally-native employee benefits company, today announced its ranking (No. 117) on the 2023 Inc. 5000 Regionals: Midwest list.
One of Inc.’s most prestigious fastest-growing companies list, Beam was recognized for the second year in a row due to its exponential revenue growth. The company serves thousands of employers across the country to make their employees’ lives healthier, happier, and more financially sound.
“Many people think of the Midwest as ‘flyover country.’ But there are a lot of companies here – especially Beam Benefits – that challenge that narrative,” said Alex Frommeyer, co-founder and CEO of Beam Benefits. “We’re excited not only about being recognized on Inc.’s list two years running, but also for another record year in 2023.”
The announcement comes on the heels of a period of rapid growth in 2022 when Beam grew its revenue by more than 60% year-over-year, surpassed 325,000 individuals covered across the country, and reached over half-a-million policies in force. Last year, Beam also added voluntary life, accident and hospital indemnity to its benefits portfolio, becoming a one-stop-shop for ancillary benefits. This month, Beam introduced critical illness to its expansive product roster and plans to add more in-demand employee benefits products in the future.
Beam’s significant revenue growth also merited a spot on the coveted Deloitte Fast 500 list and Inc. 5000 list in 2022.
Beam is best known for a first-of-its-kind connected Beam Brush toothbrush that allows members to earn points through the Beam Perks program. Members earn points by simply brushing their teeth, which can then be redeemed for toothpaste, floss, brush replacement heads, and more.
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 for employers of all sizes. 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.