How it works, once the employer agrees to use the site as a resource, is the retiree signs up on the site and then the employer sends a lot of the retiring employee’s info to Renew. Renew then curates a list of recommended benefits to suit the retirees’ particular needs. The retiree then chooses the package they think works best for them and Renew walks them through the process to get set up.
In years. Renew says it wants to help baby boomers get the right benefits for them. “Retirees used to leave work with a host of benefits… They now leave with a cardboard box with a few picture frames from their desk,” co-founder Kevin Nazemi told TechCrunch. Nazemi built Renew.com with his friend Tony DeGangi after seeing how difficult the transition was for many of the people using a site he previously co-founded, Oscar Health. “The consistent thing was everybody was confused — including my mother, who’s a doctor herself,” he said. Nazemi wanted to create something he’d feel comfortable sending his own parents to. But the real market for the company is in getting human resource personnel to tell transitioning employees about the site.