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Beam Benefits Recognized As One of Inc. 5000’s Fastest Growing Companies

August 16, 2022

Digital-first benefits company ranks among top 1000 honorees

COLUMBUS, OH – August 16, 2022 -- Beam Benefits, the digitally-native employee benefits company, today announced its ranking (No. 808) on the 2022 Inc. 5000, a list of the nation’s fastest-growing private companies.

This is the first year that Beam has been recognized on Inc.’s most prestigious fastest-growing companies list. It was also recognized by Inc. this year as one of its fastest-growing companies in the Midwest, and in 2021 as one of its Best Workplaces

The announcement reflects a period of record growth over the past three years, when Beam doubled its member base and revenue, grew to nearly 400 employees, and raised $80 million in Series E funding. In June 2022, the company announced the addition of voluntary life, accident and hospital indemnity products to its benefits portfolio, making Beam a one-stop-shop for ancillary benefits. 

“Today’s employees want benefits that are easy to use and understand, and employers are taking note,” said Alex Frommeyer, co-founder and CEO of Beam Benefits. “Our spot on the Inc. 5000 is a testament to our staff who helped get us here, Beam’s emphasis on sustainable growth, and the larger role that employee benefits play as companies rethink their cultures to attract and retain talent in a hyper competitive labor market.”

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 for small and large groups in seconds. Beam is on-track for another record year and expects revenue growth near 70% 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 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.

About Inc. 

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

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Media Contact

Hayleigh Criss

hayleigh@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 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 and NM. 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. 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). STD coverage applicable to policy form NSHDIS 2000, or state equivalent and LTD policy form ICC18 GDIS AO L20, GDIS AO L20, or state equivalent. 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 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.

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 a 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

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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.

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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