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Lyft Portable Benefits Program

The Lyft Portable Benefits Program with Stride Save* gives eligible drivers in Utah the opportunity to earn extra dollars to pay for essential benefits like health insurance, retirement savings,** and time off.
We’ll also contribute 7% of your quarterly earnings (including bonuses but excluding tips) to your Stride Save account.
If you’re eligible, you’ll get an email from Lyft in April 2025 to opt into the program. This first qualification period is January–March 2025.
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Eligibility
To be eligible for the Lyft Portable Benefits Program you must:
  1. Drive in Utah and
  2. Maintain an Elite driver status throughout each qualification period.
To be eligible for the 7% contribution, you’ll need a Stride Save account as well.
If you’re eligible, you’ll get an email from Lyft in April 2025 to opt into the program. This first qualification period is January–March 2025.
How it works
A portable benefits account allows someone to save for benefits that are independent of an employer like health insurance, retirement savings, or time off funds. This means the person can maintain the same coverage and savings even if they change jobs.
You can set personalized goals and allocate contributions to specific benefits with your Stride Save account. This includes transferring money into other existing benefits accounts.
Why is Lyft offering this program?
We want to empower drivers with greater financial security and access to health insurance, retirement savings, and paid time off. That's why we're focused on supporting drivers on and off the road, and making independent work flexible and sustainable.
Applying for the program
Follow the instructions received in your program invitation email to apply.
You’ll need to apply and be approved for a Stride Save account through Stride’s banking partner, i3 Bank. You’ll receive an account application when your eligibility is confirmed.
All funds will be deposited into your Stride Save account.
If you already have a Stride account, use your existing login and follow the prompts to open a Stride Save account.
Benefits
Lyft will contribute 7% of your quarterly earnings (including bonuses but excluding tips) to your Stride Save account.
You’ll receive this as a cash deposit into your Stride Save account. You can use these funds for portable benefits expenses like:
  1. Health insurance
  2. Dental insurance
  3. Vision insurance
  4. Paid time off
  5. Retirement savings
You can also contribute your own funds to build savings. These funds aren’t Lyft-specific and are yours no matter where you work.
Note: Any deposits from Lyft will be added to your income on your 1099 tax form for the year in which the contribution was made.
If you have any questions about what to report on your taxes, you should consult with a tax professional. Lyft cannot provide tax advice nor can we verify the accuracy of any publicly available tax guidance online.
Qualification periods
The qualification periods are:
  1. January–March.
  2. April–June.
  3. July–September.
  4. October–December.
You’ll automatically get a deposit the following month if you maintain your Elite driver status throughout the qualification period.
For example, if you qualify during:
  1. January–March, you’ll receive your deposit in April.
  2. April–June, you’ll receive your deposit in July.
  3. July–September, you’ll receive your deposit in October.
  4. October–December, you’ll receive your deposit in January.
Note: You must open a Stride Save account in order to claim your contribution deposit.
Terms
*Stride Savings LLC is a financial technology company and is not a bank. Banking services are provided by i3 Bank, Member FDIC. The Stride Mastercard Debit Card is issued by i3 Bank pursuant to a license from Mastercard, Inc. and may be used anywhere Mastercard cards are accepted.
**Savings Goals are part of your Deposit Account with Stride. There are no current tax benefits associated with your Stride Save accounts and associated goals.

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