What is WEX COBRA?

I received a letter about COBRA from WEX, Inc, who is this?

Have you recently received a letter about COBRA from WEX and wondered who they are? WEX is a third-party COBRA administrator that offers a comprehensive platform for both employers and employees. Previously known as Discovery Benefits, WEX has rebranded and expanded its services.

WEX, Inc COBRA Support

WEX, Inc

1 Hancock Street, Portland, ME , 04101

1-833-CALL-WEX

www.wexinc.com

Features of WEX COBRA Insurance

WEX COBRA software offers a range of features, including real-time payments, mandatory notification delivery, and robust reporting. It integrates seamlessly with other systems, making it a one-stop solution for COBRA administration.

Discovery Benefits Was Acquired By Wex Inc.

Members COBRA plans that are managed by Discovery Benefits, are now administrated by Wex Inc.

On March 5, 2019, WEX Inc. announced the completion of its purchase of Discovery Benefits, Inc. (DBI). The acquisition is for $425 million in cash, with $50 million deferred until January 2020.

Discovery Benefits is a rapidly expanding employee benefits administrator that serves over one million customers in 50 states. The firm has had a long-standing relationship with WEX’s Health division, and the acquisition formalizes that relationship.