Nationwide and Beam Benefits Expand Partnership to Offer Dental and Vision Coverage in More States

Nationwide and Beam Benefits Expand Partnership to Offer Dental and Vision Coverage in More States

Beam's holistic technology approach combined with Nationwide's strength and stability provides better user experiences for employers and brokers

Columbus, OH - Nationwide and Beam Benefits, a first-of-its-kind digital-first employee benefits company, are teaming up to offer more employers customizable dental and vision coverage across the U.S.

The companies, who have been partners since 2019, will now offer dental and vision products underwritten by Nationwide in 34 states, giving employers more ways to support their most important asset: their employees.

Through its partnership with Nationwide, Beam has historically offered a wide range of products - including dental, vision, life, accidental death and dismemberment (AD&D), accident, hospital indemnity and critical illness. This expansion specifically broadens the reach of dental and vision offerings - quadrupling the number of states where these benefits will be available.

"We're excited to enter into this expanded partnership with Beam Benefits, providing more businesses with the tools they need to increase employee satisfaction, build loyalty and protect their employees," said Syed Rizvi, vice president of Nationwide Specialty Insurance. "Beam's future-forward technology, self-service tools and exceptional customer service ensure brokers and employers have a seamless experience."

Beam's offerings include an end-to-end benefits platform designed for ease of use by brokers, employers and employees alike:

• Fast, customized quoting: Beam's digital quoting tool allows brokers and employers to generate customized quotes¹ for any group size in seconds, helping them move quickly from evaluation to decision without delays.
• Quick and easy policy setup: Once a policy is selected, Beam streamlines implementation so brokers and employers can get new coverage in as little as one business day² - eliminating the weeks or months typically required to put benefits in place.
• Simplified enrollment that drives engagement: When Beam supports the enrollment process, brokers and groups see up to a 15% increase³ in employee enrollment, driven by a clear, simplified experience and white-glove service that helps employees understand and select the coverage that's right for them.
• Help from humans: Dedicated customer service agents support brokers, employers and employees across the full lifecycle, from quotes and enrollment to claims and ongoing support.

"We're excited to expand our relationship with Nationwide and bring more dental and vision solutions to employers," said Alex Curry, senior vice president, insurance and co-founder of Beam Benefits. "This expansion strengthens our ability to support the Nationwide team while making it easier for employers to offer benefits that employees actually use and value."

Nationwide's venture capital team invested in Beamin 2021 as part of their Series E fundraise, helping the company expand its offerings to new markets, onboard additional employee benefits brokerages and add additional products desired by employers.

Brokers or employers who are interested in learning more about Beam Benefits can call 1-800-232-2323 or visit Nationwide.com.

¹ Use of the Digital Quoting Tool is not currently available in all states and contingent upon broker's proper appointment and licensure. Pricing customization may vary based on plan and state specific limitations.
² Average implementation timeframe based on internal data and dependent on the submission of complete and accurate data entry and broker approval.
³ As of June 2022, compared to prior carrier's enrollment.

Dental and vision products underwritten by Nationwide Life Insurance Company, Columbus, OH in AL, AR, AZ, CT, DC, DE, GA, IA, ID, IL, KS, LA, ME, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, NV, OH, OK, OR, SC, UT, TN, TX, WI, and WY. 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. Life product is 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. Program restrictions and exclusions apply.

Beam Benefits is not a subsidiary of Nationwide Life Insurance Company. Beam Insurance Services LLC and Beam Insurance Administrators are separate companies and not affiliated with Nationwide Life Insurance Company.