Benafica is a health benefits and insurance company that helps employers offer flexible, tax-free health reimbursement plans instead of traditional group health insurance.
Whether you’re launching benefits for the first time, upgrading your stack, or replacing a group plan, we help employers create flexible benefits programs that are simple to manage, tailored to employees, and backed by real people.
Every employer’s workforce is different. Benafica offers health reimbursement arrangement (HRA) administration and benefits services designed to flex with your team — whether you have 5 employees or 5,000.
Also known as a CHOICE Arrangement, this is the most flexible health benefit for employers of any size.
Designed for small businesses with fewer than 50 FTE employees.
As a licensed TPA, we administer a comprehensive suite of benefit programs including life insurance, dental, vision, auto and home insurance, as well as specialty and voluntary benfits. With 60+ years of experience, our team understands the nuances of multi-employer associations, complex eligibility rules, and the compliance landscape that governs employer-sponsored benefits.
Navigating Medicare doesn’t have to be confusing. Benafica’s licensed Medicare brokers in Minnesota help you compare and enroll in the right Medicare plan. Whether you’re turning 65, aging off an employer plan, or just looking to review your current coverage, we can help!
There are a lot of benefit administrators out there.
Benafica has earned the trust of hundreds of organizations by delivering reliable, compliant, and genuinely helpful employee benefits and insurance administration.
ICHRA Expertise
We’ve been administering HRAs since the beginning, building deep ICHRA expertise and individual market knowledge along the way.
Our BEN360 Platform
Our ICHRA platform was built in-house with input from employers and brokers to make HRA administration easier and more transparent.
Broker-Friendly Service
We partner with brokers. You can keep your BOR, stay connected to your clients, and have a dedicated service team supporting every employer.
The IRS has raised the ACA affordability rate for 2027 to 10.22% of household income, up from 9.96% and above 10% for the first time since the employer mandate took effect. Here’s what the new safe harbor limits mean for your contribution strategy.
One of the biggest advantages ICHRA has over group health plans is the ability to use employee classes. Instead of offering the same health benefits to everyone, you can use 11 employee classes to tailor your benefits strategy around your workforce.
Direct primary care (DPC) pairs with ICHRAs, HRAs, and group plans to lower costs and boost employee access to care. See how it fits your benefits stack.
Talk to Benafica about setting up an ICHRA (CHOICE Arrangement) or QSEHRA for your business. We’ll help you choose the right HRA type, design employee classes, and handle all the administration.