Beam Analysis: $40M Raised

• Dental Plans: Pricing information is not explicitly listed; users are encouraged to request a quote for specific pricing.
• Vision Plans:
  • Plan 1: $10 copay for annual exam, $150 in-network allowance for lenses or contacts every 12 months, $25 materials copay.
  • Plan 2: $10 copay for annual exam, $150 in-network allowance for lenses or contacts every 12 months, $10 materials copay.
  • Plan 3: $10 copay for annual exam, $200 in-network allowance for lenses or contacts every 12 months, $10 materials copay.
  • Plan 4: $10 copay for annual exam, $175 in-network allowance for lenses or contacts every 12 months, $10 materials copay.
  • Plan 5: $25 copay for annual exam, $130 in-network allowance for lenses or contacts every 24 months, $25 materials copay.
  • Plan 6: $25 copay for annual exam, $130 in-network allowance for lenses or contacts every 12 months, $25 materials copay.
• Life and Disability Coverage: Specific pricing details are not provided; users are encouraged to request a quote.

850 6th Ave S #400, Jacksonville Beach, Florida 32250, United States

Beam primarily focuses on the employee benefits industry, offering a range of ancillary benefits and wellness solutions through a digital platform.

Digital platform for employee benefits; revenue from subscriptions and ancillary services.

Beam Benefits operates in the employee benefits market, primarily focusing on ancillary benefits and employee wellness solutions. Its main competitors include:

1. CommuniCare Advantage:

   • Overview: Offers a range of employee benefits including medical, dental, vision, and life insurance.
   • Advantages: Provides daily pay options, tuition reimbursement, and a 401k company match, which can be attractive to employees seeking immediate financial benefits and educational support.
   • Notable Differences: Emphasizes healthcare jobs and services, which may appeal to companies in the healthcare sector.

2. Insurance Partners Agency:

   • Overview: Specializes in various insurance products, including employee benefits.
   • Advantages: Known for personalized service and tailored insurance solutions, which can be beneficial for small to medium-sized businesses looking for customized plans.
   • Notable Differences: Focuses on building long-term relationships with clients, potentially offering more flexibility in plan design compared to larger competitors.

3. Knight Insurance Group:

   • Overview: Provides a comprehensive employee benefits package that includes medical, disability, and life insurance.
   • Advantages: Offers high employer contributions to health insurance and a competitive 401k match, which can enhance employee retention and satisfaction.
   • Notable Differences: Positions itself as a leading broker in LA County, which may provide localized expertise and tailored solutions for businesses in that region.

These competitors highlight different strengths in employee benefits offerings, with Beam Benefits focusing on a digitally-native approach and innovative tools to enhance employee wellness.

• Georgian
• Mercato Partners’ growth equity fund, Traverse
• Drive Capital
• Nationwide
• Breakout Capital