Better Benefits

Articles on how Better benefits can support your company's growth strategy.

In MetLife’s 2019 Employee Benefit Trends Study, 6 in 10 employees said benefits were an important reason why they joined their company. Benefits rank second to salary. So, whether you’re focused on hiring or retaining talent (or both!), your benefits package is fundamental to being a gr...
Jun 19, 2019
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Small Group vs Large Group Insurance High growth companies, especially those in the tech startup world, often race past the large group health insurance milestone without much fanfare. It’s understandable. Until you hit 50 or 100 employees (see table; the number varies by state), you don&rs...
May 02, 2019
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In the competition for talent, salary and benefits consistently remain the top two swaying factors. In fact, a Glassdoor survey showed that 4 out of 5 employees would prefer better benefits over a raise (79%). And the numbers spike (89%) for younger employees in the 18-34 age range. Busin...
Apr 18, 2019
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[Infographic] 2019 State of Financial Wellness Benefits

This infographic shows the current state of financial wellness programs including the biggest barriers, the most popular benefits, opportunities to stand out, and best practices. Employers are also exploring implementing financial wellness benefit...

Feb 16, 2019
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5 Keys to a Successful Financial Wellness Program

Money worries negatively impact employee productivity, health, and well-being in the workplace. And, according to Bank of America's 2018 Workplace Benefits Report, nearly 2 in 5 employees feel less than financially well. Because of t...

Feb 13, 2019
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A Fintech Approach to Better Employee Benefits

My background in fintech combined with an awful experience navigating health insurance for a chronically ill loved one is where the Lumity story starts. As a co-founder of Motif Investing, making employee benefits decisions fell on my shoulders. A...

Jan 15, 2019
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6 Ways Employers Can Cut Costs, Not Benefits

Today, most employers make health plan and benefits decisions blindly. Employees know how much they're spending on health care, but they have little say in deciding which plans a company will offer them. Yet you share a common goal: lowering...

Aug 15, 2018
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3 Key Takeaways Post HBLC 2018

Back in April, I had the chance to network with hundreds of HR professionals at the Health & Benefits Leadership Conference in Las Vegas. Several weeks have passed, but I’m still referencing my notes and digesting my top three takeaways. Ma...

May 12, 2018
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How to Drive HSA Adoption: Mitigate Employee Risk with Plan Design

Where we last left off in this series, the key takeaway was “money talks”: finding your employer contribution sweet spot incentivizes further employee Health Savings Account (HSA) uptake. But after the right employer contribution is in pl...

May 09, 2018
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[Infographic] 2018 HSA Survey Insights

With rising healthcare costs, Health Savings Accounts (HSAs) are on the uptake. 67% of professionals agree that HSAs are key to a successful healthcare strategy. View the 2018 HSA Survey Insights to benchmark your company. Download the infographic...

Mar 15, 2018
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[Infographic] Parental Leave Benchmarks 2017

A modern and thoughtfully designed Parental Leave policy sends a strong signal that a company values its employees and is committed to equity and diversity in the workplace. Respondents included companies ranging from 50 to 30,000 employees across in...

Dec 09, 2017
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Lumity Raises $19M to Bring Employee Benefits Experience into the Modern Era

Investment from DFJ, Social+Capital Partnership and True Ventures caps off banner year that included 800% YOY revenue growth with zero customer churn. August 23, 2017, San Mateo, CA – Lumity, a technology-driven benefits solution for growing...

Aug 23, 2017
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A seamless transition to better benefits with cost savings

How Lumity helped Gametime transition seamlessly off Zenefits, get better benefits and realize savings at the same time. PAIN POINT 100-person Gametime was rapidly adding headcount and looking to move off their current Zenefits HRIS platform. T...

Jul 28, 2017
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[eBook] Employee Benefits Benchmarks 2017

This benchmark survey was taken by 947 employers from across the country. The majority respondents were from organizations employing fewer than 500 employees. The trends seem to indicate that employers continue to use benefits as a tool to attract...

Jun 02, 2017
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[eBook] Six Steps to Modern Benefits

With constantly shifting legislation, technology platforms, and rising healthcare costs, the benefits industry remains an antiquated system held together by duct-tape. Since Lumity's start in 2014 to unbundle benefits, we've learned a few ins...

Jun 01, 2017
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Better Benefits: Brokers and the Rabbit Hole of Fees

Budgeting for benefits. Every year during FP&A, finance professionals gather around spreadsheets trying to read the tea leaves on expected company benefit costs for the coming quarter or year. CFOs need to budget cash reserves (for self fundin...

Apr 24, 2016
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Lumity Receives $14M in Series A Led By The Social+Capital Partnership

Big things are happening here at Lumity. Our core belief, that people should be able to easily access the information they need to make the right health insurance decisions no matter the size of their employer, drives us. Today we are happ...

Sep 16, 2015
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