WageWorks

WageWorks is a benefits administration company that manages pre-tax employee benefit programs, including flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), and commuter benefit plans. It serves employers of various sizes seeking to offer tax-advantaged benefits to their workforce, as well as the employees who use these accounts to pay for eligible healthcare, dependent care, and transit or parking expenses. The platform provides tools for enrollment, contribution management, claims processing, and payment card access, simplifying administration for HR teams and finance departments. WageWorks also handles compliance-related tasks such as regulatory reporting and plan documentation to help employers meet IRS and other legal requirements tied to these benefit types. The company later became part of HealthEquity following an acquisition, integrating its benefits administration services into a broader consumer-directed healthcare platform.