Our Mission and Story
Meet Benafica
Providing a Better Benefits Ecosystem
Benafica provides employers, associations and insurance companies innovative and cost saving benefit solutions and administration.
Our industry leading benefit account portfolio of HRAs (Health Reimbursement Arrangements), FSAs (Flexible Spending Accounts), and LSAs (Lifestyle Spending Accounts) along with customized insurance offerings for your organization sets us apart by providing a modern and comprehensive approach to benefit management.
Benafica’s own Benngi software platform for insurance administration removes layers of administrative headaches. Benngi brings easy management to employers and associations, and it brings consumer driven healthcare tools directly to the hands of employees and members.
Better benefits. Better Life.
Our Story
Our model is this. First and formost we understand the complexity of insurance. Then we marry our insurance knowledge with our industry leading knowledge of technology. The outcome is better benefit solutions for businesses and associations, and for the people who make these organizations great!
Benafica’s founding team has been on the front lines of working with consumers, employers and associations for almost two decades; helping them successfully navigate the changing insurance world to gain the security and peace of mind they deserve. Based in St. Paul, Minnesota and doing business accross the country since 2019, Benafica brings our work ethic and personality to all parts and communities in America.
“Healthcare is the largest industry in America, and how we pay for it is one of the most significant economic questions we have today” says Margaret LeClair Lett, PhD Economist and founder of Benafica.
Benafica was founded and exists to be a part of the healthcare financing solution, working to provide affordability, quality and access across the country.
As laws, regulations, and tax codes continue to evolve in the employer and association marketplace, Benafica turns those changes into solutions that help real people in their daily lives. This is what motivates us and drives us forward.
Our Mission and Values
Benafica’s mission is to provide the next generation of insurance tools and services to empower people in their personal and professional lives.
