What Is WEX Benefits For COBRA?
I received a letter about COBRA from WEX, who is this?
WEX Benefit’s is a third-party COBRA administrator that simplifies COBRA and direct customer payments with online elections and open registration, real-time payments, mandatory notification delivery, powerful reporting, seamless integration and more.
The WEX Benefits platform helps employers with tracking bonus payments and settlements, automating layoffs and elections, managing employee questions and issues in the COBRA Employer Portal.
WEX was formerly known as Discovery Benefits, LLC.
WEX COBRA Support Forms
Forms for setting up ACH payments, adding dependents, plan cancellation and requesting extensions to COBRA are found on the WEX COBRA Support page.
|Corporate Office||1 Hancock Street
Portland, ME USA 04101
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We are a private insurance company that provides information on the COBRA law and alternative temporary insurance options if continuation is unavailable or too expensive.
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.