|[October 28, 2015]
Intuit, Stride Health Partnership Simplifies Health Insurance Coverage, Tax Planning for Freelance Workers
Intuit Inc. (Nasdaq: INTU) is
partnering with Stride Health
to provide self-employed workers with increased savings, stability and
predictability in their day-to-day lives. The partnership integrates
Stride Health's personalized approach to managing health insurance,
healthcare and compliance within QuickBooks Self-Employed, which helps
freelancers manage business and personal finances, and helps get them
ready for taxes throughout the year.
Self-employed workers have grown to 36 percent of the U.S. labor force,
and are expected to reach 43 percent by 2020, increasing from a current
base of 3.2 million to 7.6 million. New research from Intuit (News - Alert) shows that
28 percent of these freelance workers do not have a health plan - more
than double the 12 percent of Americans who don't have insurance. This
partnership combines the two leading financial and health decision
experiences to support professional, creative, and on-demand workers
"Self-employment gives people the freedom and flexibility of being their
own boss, but it comes with challenging compliance requirements and a
constant struggle for financial stability. We're working to ease that
burden and bring stability to the self-employed," said Alex Chriss, vice
president of Intuit's Small Business Group. "Providing our customers
with Stride's tailor-made healthcare recommendations to maximize tax
credits, access tax savings, and assist in complying with the Affordable
Care Act is the next step in expanding QuickBooks Self-Employed.
Freelancers now have one place to go to most effectively manage their
Intuit and Stride are collaborating to deliver a first-of-its-kind
experience that seamlessly links individuals to the right level of
benefits needed to protect personal health and income. Starting Nov. 1,
Stride gives QuickBooks Self-Employed customers access to:
Tailor-made health plan recommendations - Build a health and
financial profile to access a personalized plan recommendation,
optimizing total cost of coverage and care each year. Stride instantly
compares 38 factors across thousands of plans to find the most
cost-effective plan, keep preferred doctors and ensure affordable
prescription drug coverage. The experience enables QuickBooks
Self-Employed customers to organize their financial data so they can
maximize tax credits, and access tax savings.
Personalized care savings and support - Receive
personalized care plans that take maximum advantage of free preventive
care included with their health insurance. QuickBooks Self-Employed
users can also use Stride to locate in-network doctors and get
exclusive access to eals on prescriptions at 70,000 pharmacies
Personalized tax savings - Helps you take advantage of
healthcare-related tax deductions and tax credits provided by the
government to fund their coverage. The unified Stride-Intuit
experience delivers a one-stop shop, helping self-employed workers
track healthcare deductions, premiums and contributions to
tax-advantaged health savings accounts. QuickBooks Self-Employed
subscribers identify on average $3,809 in potential tax savings per
Year-round dedicated advisors - Focus on building a business,
rather than spending time to become an expert on taxes and healthcare.
Provides self-employed workers with year-round support to navigate
their health plans and understand how to use their plans to save money
on their taxes.
Enrollment Begins Nov. 1
"In the wake of the Affordable Care Act, we have a tremendous
opportunity to empower individuals to maximize their financial savings
on health coverage and care, leveling the playing field with traditional
employment, but also a responsibility to ensure they're protected and
compliant," said Noah Lang, CEO and cofounder of Stride Health. "This
partnership represents two consumer-driven companies delivering a level
of support that's never been offered to self-employed Americans. We're
intelligently uniting the key financial and health information streams
to ensure that self-employed Americans can protect their health - and
their wallets - without breaking a sweat."
Open enrollment for 2016 health insurance starts on Nov. 1, with a Dec.
15 deadline to receive coverage that starts on Jan. 1. To change
coverage after Jan. 31, enrollees must experience a qualifying
life event, such as getting married or divorced, having a child or
moving to a new state. For those people, Stride will seamlessly guide
QuickBooks Self-Employed users through the enrollment process all year
round. Users can also switch from their current plan to save money with
Stride during this Open Enrollment Period.
About Intuit Inc.
Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks® and
TurboTax®, which make it
easier to manage small businesses
and tax preparation and filing.
Mint.com provides a fresh, easy and
intelligent way for people to manage their money, while ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants. The
Insurance programs described herein will be provided by Stride Health,
Inc. an authorized insurance broker (License # 17110854) and Intuit
Insurance Services, Inc. (License #0H27264), a licensed insurance agency
and an affiliate of Intuit Inc. in conjunction with Stride Health.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year
2015. The company has approximately 7,700 employees with major offices
in the United States, Canada,
the United Kingdom, India
and other locations. More information can be found at www.intuit.com.
About Stride Health
Stride Health, Inc. an authorized insurance broker (License # 17110854)
delivers health coverage, care and compliance as a complete suite of
"Benefits for Independents" to individuals. Stride's platform provides
on-demand economy marketplaces, consumer finance platforms, and large
organizations with a seamlessly integrated solution to protect
Now available in all 50 states and Washington DC, Stride's coverage
suite is bolstered by a dedicated advisory team and software that
provides access to in-network medical practitioners, negotiated drug
prices at 70,000 local pharmacies, and care delivery in your plan.
Stride's product is available on any device - mobile, tablet or desktop.
Based in San Francisco, Stride Health (www.stridehealth.com)
launched in early 2014 and is venture-backed by the leading health and
consumer technology firms Venrock, New Enterprise Associates, and
View source version on businesswire.com: http://www.businesswire.com/news/home/20151028005520/en/
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