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Stride and Roadie Partner to Empower Drivers with Financial Tools
The Roadie driver community will now have access to the full Stride toolkit, designed to support the health and financial well-being of independent workers
SAN FRANCISCO and ATLANTA, May 29, 2024 /PRNewswire/ — Steppioneer in portable benefits technology, is teaming up with Roadie, a UPS company (NYSE: UPS) and a crowdsourced delivery and logistics management 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 managing insurance, managing taxes and maximizing savings. Through this collaboration, independent drivers using the Roadie platform will have access to a suite of tools and services offered by Stride, empowering them to navigate the financial complexities of independent work more efficiently.
Step: www.stridehealth.com. (PRNewsfoto/Stride Saúde)
“At Stride, we’ve been serving the delivery industry for years and deeply understand their unique tax and insurance needs. We’re excited to serve Roadie drivers,” said Noah Lang, co-founder and CEO of Stride. “The partnership between Roadie and Stride represents our commitment to ensuring that all independent workers have access to the essential benefits they need to thrive in today’s economy. By joining forces, we are not only empowering drivers who use Roadie with health coverage accessible and valuable fiscal and financial resources but also promoting a stronger and more resilient independent workforce.”
Through the partnership, drivers using the Roadie platform will have access to Stride’s comprehensive platform of portable benefits, including affordable insurance coverage – health, dental and vision – and tax and financial planning tools. As an official partner of HealthCare.gov, Stride simplifies the insurance-choosing process by providing access to the same affordable health plans with the added support of personalized plan recommendations and unbiased advisors to ensure drivers using the Roadie app get the best plan for your needs and budget. Only 32% of independent workers receive health insurance from their employers or unions, according to McKinsey Research; This reality highlights 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 Side Hustle Survey, more than 65% of respondents expressed deep concerns about the impact of inflation on their income and expenses. This partnership aims to alleviate these concerns by providing essential financial support to the Roadie driving community. 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 an average of $ 710 per year. Since its launch in 2014, Stride has helped more than 4 million workers save more than $5 billion in taxes and monthly health insurance premiums. Stride has enabled more than 30% of self-employed 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.
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“We know that Roadie drivers value their independence and care deeply about flexibility. They are their own boss and they want to feel that way,” said Marc Gorlin, founder and CEO of Roadie. “Historically, this independence has come at a cost: the benefits that often come with a nine-to-five. This partnership helps 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 driver community will have the resources and support they need to thrive in the independent economy. For more information about Stride and Roadie, visit https://roadie.stridehealth.com/
About Stride:
Step simplifies the complexities of being self-employed by creating a modern system of benefits for individuals – regardless of their employment status – that they can take with them and that companies can contribute to, but do not control. Stride is the first portable benefits platform designed specifically for the nearly 60 million independent American 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 your tax obligations, all through a single app. Since its launch in 2014, Stride has helped more than 4 million workers save more than $5 billion in taxes and monthly health insurance premiums.
Stride partners with more than 100 organizations, including the world’s leading labor platforms, employers, and non-benefit worker service providers, such as Uber, Amazon, Dash Door, Instacart, Grubhub, Patreon, Care. with, I like, Gopuff, TaskRabbit, Recording Academy, Shift key and even more so, so that they can provide their workers with access to a full marketplace of health and wealth benefits. The company is supported by US$96 million in equity capital Venrock, New business associates, F-Prime Capital, MasterCard, Allstate It is King River.
About Roadie
Roadie, a UPS company, is a crowdsourced logistics management and delivery platform. Founded in 2014, Roadie offers companies fast, flexible, asset-light logistics solutions for last-mile delivery. Roadie enables local delivery to more than 97% of U.S. households, providing access to more than 200,000 independent drivers nationwide – enabling businesses to offer their customers the option of delivery for nearly every industry, from airlines to artisans .
Roadie’s solutions include same-day local pickup and delivery, in-house sorted warehouse delivery, oversize delivery, sustainable delivery, returns and more. For more information visit www.roadie.com.
Media Contacts:
For Step:
Meg Sloan
meg.sloan@stridehealth.com
For Roadie:
Katie Vroom
kvroom@gregoryfca.com
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SOURCE Stride Health