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DailyPay Introduces New Perks Offering

In a significant move to enhance workforce financial wellness, DailyPay has launched its new Perks offering, designed to provide added value to its users by supporting them with discounts on essential services and affordable health insurance. This initiative comes at a crucial time when many workers are seeking ways to manage their financial obligations more effectively.

The Backbone of the Perks Offering: Stride

At the center of this offering is a partnership with Stride, a platform specializing in low-cost health insurance solutions. Stride allows users to explore various insurance options that suit their needs within just ten minutes, ensuring that accessing necessary health coverage is streamlined and efficient. This collaboration is particularly timely, given the staggering statistics surrounding health insurance coverage in the United States. In 2024, approximately 27.1 million Americans were still uninsured, highlighting the need for accessible health options.

Addressing a Major Financial Concern

Health insurance is vital in preventing medical debt, which can lead many into financial distress. With the rising costs of medical care, unexpected events, such as accidents or severe illness, can incur expenses running into the hundreds of thousands of dollars. By integrating affordable health insurance options with its Perks offering, DailyPay aims to mitigate these risks for its users.

Meeting the Needs of Workers

The new Perks initiative aims to align closely with the needs of workers dealing with large recurring bills, including health insurance, cell phone fees, car insurance, and other essential services. According to DailyPay SVP, Jack Rubin, this offering signifies an expansion of their commitment to support users through additional financial tools that can improve their free-flowing everyday lives.

In partnership with Stride, DailyPay advocates for a more seamless experience where workers can manage their benefits similarly to how they access their paychecks. The goal is to create a user-friendly platform that tackles the headache often associated with navigating healthcare and financial challenges.

Aiming for Robust Financial Support

As DailyPay continues to grow its ecosystem of partners, the new Perks offering is projected to expand over the coming months, introducing even more opportunities for users. The focus remains on enhancing the financial wellbeing of workers who often find themselves living paycheck to paycheck. By addressing their everyday struggles with necessary expenses, DailyPay hopes to create a lasting impact on the financial health of its users.

About DailyPay

DailyPay stands at the forefront of on-demand pay solutions, devoted to assisting employers in enhancing their employees' financial health. Through its innovative technology platform, DailyPay not only facilitates instant access to earned wages but also provides various financial wellness solutions. Their mission is to enable every worker to meet life's moments with confidence, empowering individuals to gain control over their financial futures.

About Stride

Stride is recognized as the first portable benefits platform designed specifically for the over 72 million independent workers who lack employer-sponsored benefits. Stride partners with numerous companies to offer a range of benefit programs, helping people save significantly on both insurance premiums and taxes. By effectively integrating these benefits into the DailyPay platform, the aim is to create a comprehensive suite of tools that address workers’ diverse needs, thereby fostering a more secure financial environment for all.