L

Level

www.level.com link_icon

Company Research Report: Level, Inc.



Company Overview



  • Name: Level, Inc.

  • Mission: Level aims to streamline employee benefits onto a single platform for an experience that makes it effortless to manage and spend, helping businesses boost employee satisfaction and increase savings with flexible benefits.

  • Founded: No information is available.

  • Founders: No information is available.

  • Key People: No information is available.

  • Headquarters: Level operates in the US and Canada with a remote-first approach, along with an office in New York City (NYC).

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: Level is recognized for its employee benefits services, offering comprehensive, flexible, and intelligent benefits platforms that include spending accounts, pre-tax accounts, health reimbursement plans, and other employee assistance programs.


Products



Level offers a variety of products designed to enhance employee benefits and streamline benefits management for employers:

Spending Accounts


  • Lifestyle Spending Account (LSA)

  • Global Spending Account

  • Business Spending Account

  • Education Assistance Account


Pre-Tax Accounts


  • Commuter Spending Account

  • Health Flexible Spending Account (FSA)

  • Limited Purpose Flexible Spending Account

  • Dependent Care Flexible Spending Account

  • Health Savings Account (HSA)


Health Reimbursement Accounts (HRA)


  • Integrated Health Reimbursement Account

  • Specialty Health Reimbursement Account

  • Custom Health Reimbursement Account


Employee Assistance Program (EAP)


  • ERISA and Non-ERISA programs


Self-Insured Account


  • Custom plan design for tailored benefits and significant cost savings


Dental & Vision Plans



Key Product Features:


  • Guided Onboarding: Personalized member onboarding support.

  • Coverage Clarity: SmartSearch tool for instant coverage understanding.

  • Effortless Payments: Single card system for transactions and simple in-app claims.

  • Maximized Savings: Multi-purse ranking for optimal transaction debits.

  • Continuous Support: Extensive support via app, email, or phone.


Recent Developments



New Products and Features


  • November 15, 2023: Introduced Pre-Tax Spending Accounts to help employees save more using an integrated platform for various spending accounts.

  • October 23, 2023: Launched a Student Loan Assistance Plan to support employees with returning loan repayments.


Strategic Initiatives and Developments


  • Focus on Mental Health Benefits (September 7, 2023): Initiatives to close the mental health access gap by providing alternative solutions for desirable and utilitarian mental health benefits.

  • Development in employee benefits for LGBTQI+ community (June 29, 2023): Efforts to offer diverse benefits year-round to support the LGBTQI+ community.


Partnerships and Investments


  • Visa Partnership (July 22, 2021): Announced two new products and a strategic investment from Visa, indicating Level's expansion into providing advanced benefits solutions.


Company Growth


  • December 20, 2023: The Level Wrap-Up report crunches numbers to provide insights into their yearly operations and what to anticipate in 2024.


Community and Thought Leadership


  • A variety of published strategies and articles on improving employee benefits, managing equity and inclusivity in benefits, and enhancing mental health accessibility.


Conclusion



Level, Inc. stands as a transformative company in the employee benefits domain, dedicated to simplifying and enhancing the management of benefits via a technologically integrated platform. With recent advances in their offered features and strategic alliances, they are positioning themselves as leaders in the benefits management industry.