Benefits administrators merge to serve broader market
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Middle-market benefits administration platform Benefit Express Services L.L.C. said Thursday that it has acquired online benefits enrollment administrator BenefitsConnect.
Terms of the deal were not disclosed.
Rancho Cordova, California-based BenefitsConnect is a broker-centric benefits administration and online enrollment solution, Benefit Express, which is based in Schaumburg, Illinois, said in a statement.
Through the acquisition, BenefitsConnects’ network of insurance brokers will have access to solutions for larger employers, such as health savings accounts and flexible spending accounts, COBRA/Direct Bill and dependent audits, while Benefit Express will have enhanced Affordable Care Act capabilities, according to the statement.
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