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.  

Partnership

Partnership

People want to work with people they know. So while technology is extremely important in today’s business economy, relationships will always matter. We value the opportunity to form strong relationships with our clients and our community. In partnerships, we stick to our motto: “benefits for life.”

Purposeful

Purposeful

Business should be purposeful. In aligning our actions with a clear purpose, we are able to simplify our processes and optimize our service, reducing stress and wasted resources.

Improvement

Improvement

We believe in reaching higher. As a leading provider of insurance services, we continually strive beyond the status quo and continue to build year after year. This includes providing leading industry research and analysis, clear and efficient processes, leading technology systems, and people that make all the difference.

Integrity

Integrity

Our values of honesty and integrity define the choices we make and the recommendations we give. We do what we say we’re going to do and always do what’s right and suitable for each client.

Respect

Respect

Whether it’s promoting teamwork or encouraging individual ability and creativity, respect for each other is a guiding principle in all our interactions.
Interested in Benafica? Tell us about yourself and we'll be in touch!
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Working Hours:

Mon – Fri: 9 AM – 5 PM
Sat – Sun: Closed

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