Twic State

Forma Announces New Specialty Health Reimbursement Arrangement

Retrieved on: 
Monday, July 11, 2022

SAN FRANCISCO, July 11, 2022 (GLOBE NEWSWIRE) -- Forma , the life benefits platform, today announced that it will offer a Specialty Health Reimbursement Arrangement (HRA) solution in addition to its current benefits offerings.

Key Points: 
  • SAN FRANCISCO, July 11, 2022 (GLOBE NEWSWIRE) -- Forma , the life benefits platform, today announced that it will offer a Specialty Health Reimbursement Arrangement (HRA) solution in addition to its current benefits offerings.
  • The newly launched Specialty HRA is a defined contribution, account-based plan aimed to cover the cost of specific abortion and abortion medical travel-related health expenses not adequately covered by group medical plans.
  • In response to the Supreme Court decision to overturn Roe vs. Wade, many companies are looking for solutions that support employees' reproductive health care.
  • Reproductive care is deeply personal and is a part of core healthcare, said Jason Fan, CEO and co-founder at Forma.

Forma Announces New Partnership with DriveWealth to Launch Industry-First Health Savings Account

Retrieved on: 
Wednesday, June 29, 2022

SAN FRANCISCO, June 29, 2022 (GLOBE NEWSWIRE) -- Forma , the life benefits platform, today announced the company is partnering with DriveWealth to launch Forma HSA, a health savings account solution that offers the industrys first savings account with no minimum balance requirement for investment and no hidden fees.

Key Points: 
  • SAN FRANCISCO, June 29, 2022 (GLOBE NEWSWIRE) -- Forma , the life benefits platform, today announced the company is partnering with DriveWealth to launch Forma HSA, a health savings account solution that offers the industrys first savings account with no minimum balance requirement for investment and no hidden fees.
  • Forma is addressing the market demand by providing a comprehensive HSA solution that gives consumers more power to invest and reap the benefits of health savings accounts.
  • In partnership with DriveWealth, we are bringing to market a first-of-its-kind HSA offering to empower employees to gain value from tax-advantaged health saving accounts.
  • With Forma HSA, employees can invest in their long-term health as soon as they open an account without needing a minimum balance.

Forma to Sponsor SHRM22 Annual Conference June 12-15

Retrieved on: 
Tuesday, May 31, 2022

SAN FRANCISCO, May 31, 2022 (GLOBE NEWSWIRE) -- Forma, the life benefits platform, today announced the company will be a participating sponsor for the SHRM22 Annual Conference , the worlds largest convening event of HR professionals.

Key Points: 
  • SAN FRANCISCO, May 31, 2022 (GLOBE NEWSWIRE) -- Forma, the life benefits platform, today announced the company will be a participating sponsor for the SHRM22 Annual Conference , the worlds largest convening event of HR professionals.
  • Forma will sponsor the event as an exhibitor with a booth located at 2160 in the exhibit hall, where the team will discuss the power of flexible benefits programs with conference participants.
  • The team will also host a raffle for booth visitors and anyone that engages with the Forma team during the conference.
  • What: Forma will be a sponsor at the SHRM22 Annual Conference.

Forma Named Best Innovative or Emerging Tech Solution at the 2022 HR Tech Awards

Retrieved on: 
Wednesday, May 18, 2022

"Our platform puts the best interests of both employees and employers at the forefront -- it meets employees where they are and gives them unmatched choice and flexibility, while employers can quickly make adjustments to adapt to both employee and business needs," said Jason Fan, Forma's co-founder and chief executive officer. "This award is a huge honor and validates our team's hard work in easing the pain points associated with a traditional top-down approach to employer-sponsored benefits, and it motivates us to continue innovating at a high level."

Key Points: 
  • SAN FRANCISCO, May 18, 2022 (GLOBE NEWSWIRE) -- Forma , the life benefits platform, today announced that it was named a winner of a 2022 HR Tech Award for Best Innovative or Emerging Tech Solution in the Total Rewards and Employee Wellbeing category.
  • This year's HR Tech Awards recognize approximately 1% of the more than 5,000 providers that exist across HR technology, honoring them for their focus on creating solutions that solve problems their customers care about.
  • Forma is the life benefits platform that makes it easy to design and scale flexible benefits programs, whether your workforce is onsite, remote, or global.
  • This year's HR Tech Awards ceremony will be broadcast live on Wednesday, May 18 at 12 p.m. ET/9 a.m. PT in a special edition of Lighthouse Research & Advisory's "HR Tech Talks" live stream show.

Forma Raises $40 Million in Series B Funding to Transform Employee Benefits for the Modern Workforce

Retrieved on: 
Tuesday, March 8, 2022

SAN FRANCISCO, March 08, 2022 (GLOBE NEWSWIRE) -- Forma (formerly Twic), the life benefits platform, today announced it has raised $40 million in Series B funding, led by Ribbit Capital.

Key Points: 
  • SAN FRANCISCO, March 08, 2022 (GLOBE NEWSWIRE) -- Forma (formerly Twic), the life benefits platform, today announced it has raised $40 million in Series B funding, led by Ribbit Capital.
  • Forma recently announced a new brand name to reflect the evolution of its business and renewed focus on matching people with benefits that matter to them.
  • Formas vision is to help the modern workforce find harmony at work and in life, said Jason Fan, co-founder and chief executive officer.
  • With support from investors like Ribbit Capital, Emergence Capital, Stripe, Upside Partnership, Designer Fund, and AngelPad, Forma is building the future of flexible benefits.

Twic Rebrands to Forma, the Flexible Benefits Platform for Forward-Thinking Enterprises

Retrieved on: 
Tuesday, March 8, 2022

Founded in 2017, the company provides a life benefits platform that enables modern companies to design and scale flexible, global benefits programs with options that fit employees lives, from health and wellness to lifestyle planning.

Key Points: 
  • Founded in 2017, the company provides a life benefits platform that enables modern companies to design and scale flexible, global benefits programs with options that fit employees lives, from health and wellness to lifestyle planning.
  • The platform offers customizable, quick-to-deploy employer-sponsored and pre-tax benefits to provide greater flexibility, choice, and personalization for employees.
  • We created Forma to help companies provide flexible benefits to employees to support the life moments that matter most.
  • Forma (formerly Twic) is a life benefits platform that enables modern companies to design and scale flexible, global benefits programs with options that fit employees lives, from health and wellbeing to lifestyle and beyond.

MozaicID Supplies CFATS Facilities With TWIC Readers Meeting Full Compliance With RBPS 12(iv) (Option 3)

Retrieved on: 
Thursday, April 8, 2021

CHESAPEAKE, Va., April 8, 2021 /PRNewswire/ --MozaicID announces the sale of multiple MozaicID Mobile Credential Reader (MCR) units to Chemical Facilities Anti-Terrorism Standards (CFATS) facilities nationwide.

Key Points: 
  • CHESAPEAKE, Va., April 8, 2021 /PRNewswire/ --MozaicID announces the sale of multiple MozaicID Mobile Credential Reader (MCR) units to Chemical Facilities Anti-Terrorism Standards (CFATS) facilities nationwide.
  • The MozaicID MCR is capable of reading TWIC, CAC, PIV, PIV-I and other identity smart cards and provides a fully compliant security solution, fulfilling Option 3 of CFATS RBPS 12(iv).
  • MozaicID's President, Steve Bowen, identifies the use of TWIC as a cost-effective solution to meet full compliance with RBPS 12(iv).
  • TWIC allows facilities to maintain high-level security while also significantly decreasingthe overall security costsof individual personnel vetting.

MozaicID MCR Sales Continue as the U.S. Coast Guard TWIC Reader Rule Enforcement Date Approaches

Retrieved on: 
Monday, December 7, 2020

CHESAPEAKE, Va., Dec. 7, 2020 /PRNewswire/ --MozaicID Mobile Credential Reader sales continue as ports work to meet compliance with the U.S. Coast Guard Reader Rule by December 31, 2020.

Key Points: 
  • CHESAPEAKE, Va., Dec. 7, 2020 /PRNewswire/ --MozaicID Mobile Credential Reader sales continue as ports work to meet compliance with the U.S. Coast Guard Reader Rule by December 31, 2020.
  • All ports that fail to meet full compliance with the TWIC Reader Rule may be liable to the United States for civil penalty.
  • The MozaicID MCR is the preferred Mobile TWIC Reader that is in full compliance with the U.S Coast Guard TWIC Reader Rule.
  • MozaicID provides U.S. TWIC Reader Rule compliance solutions via the MozaicID MCR product for ports from coast to coast, including Port of Galveston, Canaveral Port Authority, Georgia Port Authority and many more.