Who Is Inspira Financial? How Do They Work With COBRA?

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My COBRA enrollment notice said I need to make my premium payments to Payflex. Who are they?
Inspira Financial Health, Inc (formerly known as PayFlex Systems USA, Inc.) is a nationwide Third Party Administrator offering a broad range of services including COBRA and Direct Billing Services to over 3,200 organizations and millions of individuals. The company facilitates COBRA administration by providing efficient premium payment solutions for individuals who need to continue their health insurance coverage after leaving a job.

Inspira Financial COBRA Support

Inspira Financial

2001 Spring Road, Suite 700, Oak Brook, IL, 60523

(844) 729-3539

inspirafinancial.com

PayFlex Systems USA, Inc. Is Now Inspira Financial Health, Inc.

In 2022, Millennium Trust acquired PayFlex Systems USA, Inc. in a strategic move to expand its health and benefits offerings. In January 2024, the companies rebranded under a unified name—Inspira Financial. This change marks a positive development for COBRA participants, as the new organization combines PayFlex’s consumer-focused technology with Millennium Trust’s strength in financial administration. Together, they provide streamlined and comprehensive support for individuals and employers navigating COBRA continuation coverage.

About Inspira Financial

Inspira Financial is a national provider of health, wealth, retirement, and benefits administration services, with a strong focus on COBRA compliance and support. The organization assists both employers and individuals by simplifying complex processes and helping them make confident, informed decisions about their coverage and financial future.

With a mission to enrich lives through partnership and innovation, Inspira addresses both routine and labor-intensive benefits challenges. Its COBRA solutions are designed to make coverage continuation efficient and reliable, particularly for those transitioning between jobs or experiencing other qualifying events.

The company operates through a family of entities, including Inspira Financial Trust, LLC (formerly Millennium Trust Company, LLC) and Inspira Financial Health, Inc. (formerly PayFlex Systems USA, Inc.). This structure ensures continuity of service while expanding capabilities in COBRA administration and other key benefit areas.