Limited Purpose Flexible Spending Account

Limited purpose flexible spending account is a tax-advantaged account allowing employees to set aside pre-tax money to help pay for qualified vision and dental care expenses only.
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elevate.inc

elevate.inc

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Company Overview

Founded

2021

Employees

20

Funding Summary

15M Series A

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About elevate.inc

Elevate strives to offer the industry’s most intuitive, configurable, and automated administration platform for employers, their employees and their dependents, to maximize the advantages of consumer directed benefits. Currently, the consumer-directed benefits market poses problems for benefits providers, employers and their employees. Today's platforms are antiquated and impersonal, and often confusing for employees to understand. Elevate’s cutting-edge benefit administration technology simplifies systems, boosts efficiency and cuts costs for providers.
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Benepass

Benepass

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Min. Group Size

300 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

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Why Benepass FSA
Modernize the employee experience. Employees can easily access and manage their FSAs/DCFSAs through a web app and mobile app. They receive a virtual FSA card in our app along... Show More
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Advanced Benefit Strategies

Advanced Benefit Strategies

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Min. Group Size

1 eligible

Lives Serviced

5,000

Average Cost

Average Cost is Locked

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Product Description

A limited FSA is a benefit that allows you to choose how much of your paycheck you’d like to set aside, before taxes are taken out, for qualified dental, vision and preventative care... Show More
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Ameriflex

Ameriflex

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Company Overview

Founded

1998

Employees

Funding Summary

Not Provided

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About Ameriflex

For 25 years, Ameriflex has been a leading provider of tax-advantaged benefits solutions like Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), Lifestyle Spending Accounts (LSA), and Compliance services. Built organically and with an unwavering commitment to sustainable growth that puts the best interests of our clients first, Ameriflex continues to reinvest in industry-leading technologies, best-in-class service, and advocacy efforts all geared toward reducing healthcare costs and delivering a hassle-free experience that keeps your world quiet and your clients happy.


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BBP Admin

BBP Admin

5.0 (1)
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Min. Group Size

-

Lives Serviced

185,000

Average Cost

Average Cost is Locked

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Product Features

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Product Description

A limited purpose FSA is an account that allows employees to set aside pre-tax dollars for eligible dental and vision expenses for them self and their dependents, even if they are not covered... Show More
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Davevic

Davevic

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Company Overview

Founded

1988

Employees

12

Funding Summary

Not Provided

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About Davevic

Davevic is your one stop shop for all administrative services that coincide with your clients benefit plans. We bring together the best technology, combined with comprehensive knowledge of the industry to get you the right solution at the right price.
From our office we ensure compliance with meticulous record keeping, and employ a friendly and familiar staff with no outsourcing or call centers. Our goal is to provide flexible solutions, spectacular customer service, and to simplify administration for all parties involved.
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Flores Associates

Flores Associates

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Founded

1986

Employees

107

Funding Summary

Not Provided

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About Flores Associates

Flores is a leading national administrator of tax-advantaged consumer based reimbursement plans such as health and dependent care spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs) and qualified transportation expenses (QTEs). Additionally, Flores handles COBRA administration and billing services for employers. In 2018, we introduced our newest benefit solution, life.balanced. Lifestyle Reimbursement Accounts (LBAs), an affordable post-tax reimbursement option for the culture-driven employer. Headquartered in Charlotte, NC, Flores has emerged as the leader in this field through the use of innovative technology, dedicated professionals, and an uncompromising commitment to superior service.

We are... Show More
HealthEquity, Inc.

HealthEquity, Inc.

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Company Overview

Founded

2002

Employees

3,688

Funding Summary

Not Provided

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About HealthEquity, Inc.

HealthEquity connects health and wealth, delivering health savings account (HSA) and other consumer driven health solutions in partnership with over 54,682 employers and more than 200 health plans, retirement plan recordkeepers, and benefits administrators nationwide. HealthEquity members have access to its end-to-end platform and remarkable “purple” service to become consumers of healthcare while building health and retirement savings for tomorrow. HealthEquity is the custodian for $23.2 billion in assets for 8.2 million HSA members nationwide. For more information, visit www.HealthEquity.com. Show More
HSA Bank, a division of Webster Bank, N.A.

HSA Bank, a division of Webster Bank, N.A.

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Founded

1997

Employees

625

Funding Summary

Not Provided

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About HSA Bank, a division of Webster Bank, N.A.

Since 1997, HSA Bank has been leading the way to a healthy financial future for our clients and members. HSA Bank uses technology and innovation to simplify the health account experience while offering reliable and responsive support to our business partners and members. This commitment to leadership has propelled us to become one of the nation's largest providers of Health Savings Accounts (HSAs) with $10.8 billion in assets under administration. We also offer Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Commuter Benefits (Mass Transit & Parking).

Headquartered in Wisconsin, HSA Bank is a division... Show More
Burnham & Flower - AP

Burnham & Flower - AP

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Founded

Jan-06

Employees

6

Funding Summary

Not Provided

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About Burnham & Flower - AP

Guiding your benefits: Our administration professionals provide expert services for HRA, HSA, FSA, COBRA, Lifestyle Benefits and Parking and Transit benefit plans along with innovative resources to help your employees manage their consumer directed health care accounts. Multipurpose debit card: A single debit card is leveraged for all benefit account spending. Next Generation Member Portal and Mobile App: Powerful self-service capabilities plus education and decision support tools. Get real-time balances and transactions, submit claims, access plan details, account alerts, and much more. Employee Engagement Tools: Real-time administration platform automatically sends event-triggered alerts and notifications via text and email that keep... Show More
EMPOWER

EMPOWER

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Founded

1996

Employees

Funding Summary

Not Provided

Clients Your Size Clients Your Size

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About EMPOWER

Human Touch Service for Your Group!

In 2023, EMPOWER celebrated its 25th anniversary administering FSAs, HRAs, HSAs, Cobra, and Commuter and Lifestyle Benefits accounts for employers in the Midwest and throughout the nation. EMPOWER combines the advanced technology of the Nation’s largest administrators with the Human Touch of exceptional service.

With EMPOWER, you’ll contact your Personal Account Manager with any issues, not an anonymous email ticket system. This means you and your HR team will get the answers you need in minutes, not days.

In annual surveys, EMPOWER consistently... Show More
The Benefit Center

The Benefit Center

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Company Overview

Founded

2004

Employees

3

Funding Summary

Not Provided

Clients Your Size Clients Your Size

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About The Benefit Center

The Benefit Center is a third-party administrator affiliated company of The Health Consultants Group, LLC.  This TPA performs Section 125, 105, 132, H S A, and ICHRA Administration for employer groups of all sizes.  All the services provided qualify as “cafeteria plans” under various sections of the IRS.  We are a proud partner of Evolution 1, the nations largest electronic payment, on premise, and cloud computing healthcare solutions that administers reimbursement accounts.  The Benefit Center can help reduce your taxes with accounts such as HSAs, HRAs, and FSAs, Parking, and Transit Plans for consumers. Show More
MyChoice Accounts by Businessolver

MyChoice Accounts by Businessolver

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Min. Group Size

1,000 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

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Product Features

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Product Description

At Businessolver, we know that a Flexible Spending Account (FSA) shouldn’t just be flexible in name. We built our MyChoice Accounts solution to support your unique FSA attributes, allowing you to deliver a... Show More
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WEX Health, Inc.

WEX Health, Inc.

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Min. Group Size

-

Lives Serviced

10,277

Average Cost

Average Cost is Locked

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Product Features

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Product Description

If you offer a high-deductible health plan and a health savings account, consider a limited FSA alongside the HSA to maximize savings. These funds can be used for qualifying dental and vision expenses. Show More
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Employee Benefits Corporation (EBC)

Employee Benefits Corporation (EBC)

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Min. Group Size

-

Lives Serviced

315,000

Average Cost

Average Cost is Locked

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Product Features

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Product Description

A limited health FSA allows participants to pay for eligible vision and dental expenses that are not covered by another health plan. A limited health FSA is a great option if participants (or... Show More
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Forma

Forma

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Min. Group Size

250 eligible

Lives Serviced

-

Average Cost

Average Cost is Locked

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Putting flexibility back into FSAs
Take advantage of IRS-approved pre-tax spending without the headaches, support needs, and legacy software. Forma’s platform helps inject the flexibility into FSAs that’s been missing.
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BASIC

BASIC

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Company Overview

Founded

1989

Employees

397

Funding Summary

Not Provided

Clients Your Size Clients Your Size

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About BASIC

As one of the first third-party administrators of Flexible Spending Accounts in the nation, BASIC is a Technology Driven HR Compliance Company focused on delivering administrative and technology solutions to assist Human Resource Departments throughout the United States. Show More
Benefitfocus

Benefitfocus

3.8 (3)
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Min. Group Size

-

Lives Serviced

-

Average Cost

Average Cost is Locked

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Product Features

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Integrated administration and employee management of consumer savings and reimbursement accounts Show More
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Inspira Financial

Inspira Financial

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Min. Group Size

1 eligible

Lives Serviced

553,375

Average Cost

Average Cost is Locked

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Product Features

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Product Description

A limited purpose flexible spending account (LPFSA) benefit can help employees care for their eyes and smiles, both crucial to wellness. Not only does an LPFSA benefit unlock tax savings for employees, but... Show More
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Lively

Lively

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Product Info
Company Overview

Founded

August 2016

Employees

109

Funding Summary

80M

Clients Your Size Clients Your Size

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About Lively

Lively is the modern HSA experience built for those seeking stability in the ever-shifting and uncertain healthcare landscape. Lively is committed to helping every HSA maximize its potential through intuitive design, accessible support, and ongoing education. Show More

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