What Is Benaissance COBRAPoint?
I received a letter about COBRA from Bennaisance to login to COBRAPoint, who is this?
Benaissance is a leading Software as a Service (SaaS) provider specializing in premium billing and payment solutions for health benefits administration. The company offers tools for both individual and group premium billing, helping employers, insurance carriers, and administrators streamline financial processes in a secure and scalable way.
Its platform supports simplified billing and convenient payment options across a wide range of channels, including private health insurance exchanges, state-based marketplaces, and more than 100 health plans and third-party administrators. Benaissance serves tens of thousands of employers and millions of individuals across the United States.
Its platform supports simplified billing and convenient payment options across a wide range of channels, including private health insurance exchanges, state-based marketplaces, and more than 100 health plans and third-party administrators. Benaissance serves tens of thousands of employers and millions of individuals across the United States.
Benaissance Acquisition by Wex, Inc
Benaissance is a technology provider specializing in premium billing and payment solutions for health benefits administration. Known for its Software as a Service (SaaS) platform, Benaissance developed tools to support both individual and group premium billing, serving employers, health plans, and administrators with scalable financial management capabilities.
In 2015, WEX Inc. announced the acquisition of Benaissance for $80 million in cash. As a result, COBRA plans that were previously managed by Benaissance are now administered by WEX using the COBRAPoint platform. This transition allowed WEX to expand its presence in the healthcare benefits space and deliver integrated solutions for premium billing and COBRA compliance.