Providing a Better Benefits Ecosystem

Benafica provides employers, associations and insurance companies innovative and cost saving benefit solutions and administration.

Our industry leading benefit account portfolio of  HRAs (Health Reimbursement Arrangements), FSAs (Flexible Spending Accounts), and LSAs (Lifestyle Spending Accounts)  along with customized insurance offerings for your organization sets us apart by providing a modern and comprehensive approach to benefit management.

Benafica’s own Benngi software platform for insurance administration removes layers of administrative headaches. Benngi brings easy management to employers and associations, and it brings consumer driven healthcare tools directly to the hands of employees and members.

Better benefits.  Better Life.

Our Story

Benafica’s founders have been on the front lines of working with consumers, employers and associations; helping them successfully navigate the changing insurance world to gain the security and peace of mind they deserve.

“Healthcare is the largest industry in America, and how we pay for it is one of the largest economic questions continuously faced by businesses, families, and our government” says Margaret Lett, PhD Economist and founder of Benafica.  Benafica exists to be a part of the healthcare financing solution, working to provide affordability, quality and access to organizations across the country.

 

Association Services

Strengthen your member community through customized benefits and services. Serve your members with white labels products and engagement portals, powered by Benafica’s own Benngi platform.

Our association clients include public sector organizations, professional associations, and special interest and affinity groups.

Employer Services

Helping employers build a better benefits eco-system to serve their employees.

Whether through Benafica’s HRA, FSA, LSA, or COBRA services, or through customized benefit offerings, helping employers achieve better healthcare value is our goal.

Third Party Administrator (TPA) Services

TPA services include group and individual billing and payment services, claims processing services, policy issuance, and other related insurance services.

 

Our mission and values

We are here to provide a new generation of insurance tools and services.

Click on each of our core values to learn more.

 

 

Partnership

Partnership
Partnership

People want to work with people they know. So while technology is extremely important in today’s business economy, relationships will always matter. We value the opportunity to form strong relationships with our clients and our community. In partnerships, we stick to our motto: “benefits for life.”

Purposeful

Purposeful
Purposeful

Business should be purposeful. In aligning our actions with a clear purpose, we are able to simplify our processes and optimize our service, reducing stress and wasted resources.

Improvement

Improvement
Improvement

We believe in reaching higher. As a leading provider of insurance, we continually strive beyond the status quo and continue to build year after year. This includes providing leading industry research and analysis, clear and efficient processes, leading technology systems, and people that make all the difference.

Integrity

Integrity
Integrity

Our values of honesty and integrity define the choices we make and the recommendations we give. We do what we say we’re going to do and always do what’s right and suitable for each client.

Respect

Respect
Respect

Whether it’s promoting teamwork or encouraging individual ability and creativity, respect for each other is a guiding principle in all our interactions.

Interested in Benafica? Submit the form below and we’ll give you a buzz.