The Roadie driver community will now
have access to Stride's all-in-one toolkit built to support the
health and financial well-being of independent workers
SAN
FRANCISCO and ATLANTA, May 29, 2024
/PRNewswire/ -- Stride, the pioneer in portable benefits
technology, is teaming up with Roadie, a UPS (NYSE: UPS) Company
and a logistics management and crowdsourced delivery platform, to
provide comprehensive support to independent drivers nationwide. As
independent workers increasingly seek flexibility and autonomy,
they face significant challenges when it comes to navigating
insurance, managing taxes, and maximizing savings. Through this
collaboration, independent drivers using Roadie's platform will
gain access to a suite of tools and services offered by Stride,
empowering them to tackle the financial complexities of independent
work more efficiently.
Stride and Roadie Partner to Empower Drivers with Financial
Tools
"At Stride, we have been serving the delivery industry for years
and deeply understand their unique needs around taxes and
insurance. We are excited to serve Roadie drivers," said
Noah Lang, Co-Founder and CEO of
Stride. "Roadie and Stride's partnership represents our commitment
to ensuring that every independent worker has access to the
essential benefits they need to thrive in today's economy. By
joining forces, we're not only empowering drivers using Roadie with
affordable healthcare coverage and valuable tax and financial tools
but also fostering a stronger and more resilient independent
workforce."
Through the partnership, drivers who use the Roadie platform
will have access to Stride's comprehensive portable benefits
platform, including affordable insurance coverage — health, dental
and vision — and tax and financial planning tools. As an official
partner of HealthCare.gov, Stride simplifies the process of
choosing insurance by providing access to the same affordable
health plans with the added support of personalized plan
recommendations and unbiased advisors to ensure drivers who use the
Roadie app get the best plan for their needs and budget. Only
32% of independent workers receive health insurance from their
employers or unions, according to McKinsey research; this reality
underscores the importance of Stride's initiatives, which seek to
bridge the financial gap for those navigating independent work.
In Roadie's recent study, 2024 State of the Side Hustle
Survey, over 65% of respondents expressed deep concerns
regarding the impact of inflation on their income and
expenses. This partnership aims to alleviate these concerns by
providing essential financial support to the Roadie community of
drivers. In addition to traditional benefits like health, dental,
and vision coverage, the Roadie driver network can also take
advantage of mileage, expense, and income tracking tools offered in
the free Stride app — simplifying tax processes and saving
$710 per year on average. Since
launching in 2014, Stride has helped more than 4 million workers
save more than $5 billion on their
taxes and monthly health insurance premiums. Stride has enabled
more than 30% of independent workers to pay less than $1 per month for qualified health insurance. With
access to free advisors, the Roadie driver network can receive
personalized guidance ensuring they make informed decisions about
their financial future.
"We know Roadie drivers value their independence and care a lot
about flexibility. They're their own bosses and they want to feel
like it," said Marc Gorlin, Founder
and CEO of Roadie. "Historically, that independence has come
at a cost: the benefits that usually come with a nine-to-five. This
partnership helps to bridge that gap. Through Stride's
comprehensive benefits platform, drivers can now access essential
coverage and sophisticated tools tailored to their unique needs as
gig economy workers."
Through the partnership with Stride, the Roadie community of
drivers will have the resources and support they need to thrive in
the independent economy. For more information about Stride and
Roadie, please visit https://roadie.stridehealth.com/
About Stride:
Stride simplifies the complexities
of being an independent worker by creating a modern benefits system
for individuals — regardless of their employment status — that they
can take with them and to which companies can contribute but do not
control. Stride is the first portable benefits platform
specifically designed for the nearly 60 million American
independent workers who do not receive employer-based benefits. The
Stride platform offers access to insurance — health, dental,
vision, life, and other supplemental insurance — as well as
financial tools to track income, mileage, and other deductible
expenses to manage their tax obligations, all via a single app.
Since launching in 2014, Stride has helped more than 4 million
workers save more than $5 billion on
their taxes and monthly health insurance premiums.
Stride is partnered with over 100 organizations, including with
the world's leading work platforms, employers and service providers
of non-benefited workers, such as Uber, Amazon, DoorDash,
Instacart, Grubhub, Patreon, Care.com, Gusto, Gopuff, TaskRabbit,
Recording Academy, ShiftKey and more so they can provide their
workers with access to a full marketplace of health and wealth
benefits. The company is backed by $96
million in capital from Venrock, New Enterprise Associates,
F-Prime Capital, Mastercard, Allstate and King River.
About Roadie
Roadie, a UPS Company, is a logistics
management and crowdsourced delivery platform. Founded in 2014,
Roadie offers businesses fast, flexible, and asset-light logistics
solutions for last-mile delivery. Roadie enables local delivery to
more than 97% of U.S. households by providing access to more than
200,000 independent drivers nationwide – allowing businesses to
offer their customers delivery optionality for almost any industry,
from airlines to artisans.
Roadie's solutions include local same-day pickup and delivery,
delivery from warehouses with in-house sortation, oversized
delivery, sustainable delivery, returns, and more. For more
information, visit www.roadie.com.
Media Contacts:
For Stride:
Meg Sloan
meg.sloan@stridehealth.com
For Roadie:
Katie Vroom
kvroom@gregoryfca.com
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SOURCE Stride Health