Gig workers getting better health insurance at half the cost; 40% paying less than $1 per month.

SAN FRANCISCO, July 21, 2021 /PRNewswire/ -- Rideshare and delivery drivers are enrolling in higher quality health insurance plans while paying half as much as they used to since the American Rescue Plan was signed, according to data released by Stride, the leader in providing portable benefits for the gig economy.

The American Rescue Plan was signed in February of 2021, providing increased financial assistance to more Americans and opening up the enrollment windows so that any uninsured American can get covered. By partnering with the Center for Medicare and Medicaid Services and leading gig economy work platforms including DoorDash, Instacart, Uber, Postmates, Grubhub and others, Stride has helped thousands of rideshare and delivery drivers find and enroll in affordable health insurance plans.

In fact, Stride saw nearly 6 times the number of health insurance enrollments in April compared to the same time last year, and so far this year has enrolled almost as many individuals as it did during the annual Open Enrollment Period. 

Analysis of those enrollments reveals that rideshare and delivery drivers are clearly benefiting from the new legislation. Of rideshare and delivery drivers who have enrolled in health insurance since April 1st:

• 93% are receiving subsidies to help pay for health insurance, up from 87% in March
• 60% have enrolled in Platinum, Gold or Silver plans, up from 46% in March
• Paid an average premium of $80 for Platinum, Gold or Silver plans, down from $171 in March
• 37% are paying less than $1 per month for health isurance, up from 19% in March

"We're proud to be partnering with Stride to help Dashers access affordable health insurance," said Max Rettig, Global Head of Public Policy at DoorDash. "Across the U.S. and around the world, we are focused on solutions that respond to what Dashers say they want, and our partnership with Stride is one of those solutions. Dashers can maintain the independence that brings them to DoorDash, while accessing important benefits. We're thrilled to know this is making an impact and look forward to continuing to deliver value for the Dasher community."

In May, Stride announced its partnership with CMS and leading gig work platforms to power the "Gig Worker Week of Action," an effort to raise awareness of the new affordable health insurance options.

In addition to helping gig workers secure Affordable Care Act health insurance, Stride also helps them enroll in affordable dental, vision & life insurance, and the free Stride app helps delivery and rideshare drivers track miles, upload receipts for deductible expenses, estimate their tax withholdings and file their taxes. Learn more at www.stridehealth.com. 

About Stride
Stride provides the first Portable Benefits platform helping over 2 million independent workers save time and money on insurance, taxes, and hundreds of thousands of products and services. Stride partners with the world's leading work platforms and employers of non-benefited workers including Uber, Postmates, DoorDash, GrubHub, Rover, Care.com, TaskRabbit, Instacart and Keller Williams so they can provide their workers with access to a complete suite of health and financial benefits. The company is backed by Venrock, New Enterprise Associates, and F-Prime Capital Partners. For more information, visit www.stridehealth.com

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SOURCE Stride Health

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