What is wageworks?

WageWorks is a leading provider of Consumer-Directed Benefits (CDBs) in the United States. CDBs are employer-sponsored programs that allow employees to set aside pre-tax dollars to pay for certain qualified expenses, thus reducing their taxable income and increasing their take-home pay.

The company offers a range of CDBs, including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefit Services, and COBRA administration. These programs are designed to help employees save money on eligible healthcare, commuting, and other related expenses.

WageWorks works with employers of all sizes, from small businesses to Fortune 100 companies, across various industries. Their services can be customized to meet each employer's needs and integrate with existing benefits platforms, making it easier for employees to access and manage their accounts.

The company's technology-driven platform allows employees to enroll, manage their accounts, submit claims, and access educational resources and tools online or through mobile apps. They also provide customer support to assist employees with any questions or issues they may have.

WageWorks is committed to promoting financial wellness and helping employers provide valuable benefits to their employees. Through their Consumer-Directed Benefits, they aim to empower individuals to make informed decisions about their healthcare and commuting expenses, ultimately leading to cost savings for both employees and employers.