Benafica

What Benafica does

Benafica is a privately held benefits administration company and a service of LeClair Group, headquartered at 6701 Upper Afton Rd., St. Paul, Minnesota. The company administers Health Reimbursement Arrangements — primarily Individual Coverage HRAs (ICHRA) for employers of any size and Qualified Small Employer HRAs (QSEHRA) for businesses with fewer than 50 employees — alongside a legacy Third-Party Administration (TPA) business that has managed life, home, auto, dental and vision benefits for associations for over 60 years, and a licensed Medicare broker service operating in Minnesota and Wisconsin.

Core technology is centered on BEN360, Benafica's proprietary in-house ICHRA administration platform, launched in September 2025 for the Fall 2025 open enrollment cycle and designed to handle compliance, reimbursement, enrollment tracking, payment transparency, on-demand reporting and year-round support. BENNGI is the legacy client portal for QSEHRA and broader benefits management, while BenngiHealth provides a consumer-facing experience for individuals to form Family Groups and store medical records in a Medical Vault. The firm holds insurance producer licenses across 47 states plus DC and a Minnesota Third Party Administrator license.

Revenue is generated through three streams: per-employer administration fees for ICHRA and QSEHRA programs, professional service fees for TPA engagements with associations and employer groups, and commissions earned as a licensed insurance and Medicare broker. The go-to-market is hybrid — a direct sales motion targeting employers (5 to 5,000 employees) through website quote requests and dedicated Account Executives, paired with a broker/consultant channel that sources HRA business from benefits brokers, independent insurance agents, broker-dealers and financial advisors serving SMBs. Customer segments include employers of any size, brokers and consultants, associations and membership organizations, and Medicare beneficiaries in MN/WI.

Name

Benafica

Legal name

Benafica, LLC

Website

https://benafica.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Benafica is a St. Paul, Minnesota-based benefits administrator and LeClair Group subsidiary that helps employers of 5 to 5,000 employees replace group health plans with ICHRA and QSEHRA reimbursement arrangements, supported by its proprietary BEN360 platform, broker channel, TPA services and Medicare broker operations.

Ownership category

akta.pro rank

Product category

Health Benefits Administration

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employer Health Reimbursement Arrangements (HRA/ICHRA/QSEHRA) Administration (HLAEAAAG)

akta.pro secondary industry

Benefits Administration & Enrollment Support (BPAAAIAB)

Keywords

• HRA administration
• Health reimbursement arrangements
• Employee benefits administration
• ICHRA administration
• QSEHRA administration

Headquarters

HQ city

Minnesota City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. HRA Administration Services: Benafica generates revenue through administration fees for managing ICHRA and QSEHRA programs on behalf of employers, including plan design, compliance, enrollment, reimbursement processing, and reporting.
2. Third-Party Administration (TPA) Services: Benafica provides TPA services for associations and employer groups including third-party billing, collection and remittance of premiums, benefit enrollment administration, applications, customer service, and limited insurance claim assistance. Revenue is generated through service fees charged to client organizations.
3. Insurance Broker and Medicare Broker Services: Benafica operates as a licensed insurance broker and Medicare broker, earning commissions from insurance carriers for placing coverage. Licensed to sell insurance products across 47 states plus DC as an insurance producer/agency.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Benafica administers Health Reimbursement Arrangement (HRA) benefits programs for employers, primarily Individual Coverage HRA (ICHRA) and Qualified Small Employer HRA (QSEHRA), supported by its proprietary BEN360 platform. It also provides Third-Party Administration (TPA) services for life, home, auto, dental, and vision insurance to associations and employer groups, plus licensed Medicare enrollment guidance to individuals in Minnesota and Wisconsin.

Product overview

Benafica offers a suite of health benefits administration products centered on Health Reimbursement Arrangements (HRAs). The core products are ICHRA (Individual Coverage HRA) for employers of any size and QSEHRA (Qualified Small Employer HRA) for small businesses with fewer than 50 employees. These are supported by BEN360, Benafica's proprietary ICHRA administration platform that handles compliance, reimbursement, and reporting. Additional offerings include Third-Party Administration (TPA) services for insurance benefits and Medicare enrollment assistance. The company also provides access through its BENNGI client portal. The product ecosystem is designed to replace rigid group health plans with flexible, tax-free health reimbursement arrangements.

Differentiator

Problem solved

Functional benefit

Brands

• BEN360: Benafica's in-house ICHRA administration platform built to handle compliance, reimbursement, and reporting demands of a well-run ICHRA.
• BENNGI

Products and services

• ICHRA (Individual Coverage HRA) Individual Coverage HRA for employers of any size. Employers set a monthly allowance by employee class, employees choose their own individual health insurance, and Benafica reimburses them tax-free through the BEN360 platform. No contribution limits and no participation minimums apply. Designed for employers replacing or supplementing traditional group health plans.
• QSEHRA (Qualified Small Employer HRA) Qualified Small Employer HRA designed for businesses with fewer than 50 full-time employees. Provides a simple, tax-free health benefit with IRS-set annual contribution limits ($6,450 individual / $13,100 family for 2026). Employees can use the allowance for any qualifying coverage, including a spouse's plan or Medicare. Administered via the BENNGI platform.
• BEN360 ICHRA Platform Benafica's proprietary in-house ICHRA administration platform handling compliance, reimbursement, and reporting. Features include payment transparency, plan visibility, enrollment tracking, on-demand reports, and year-round support for employer groups administering ICHRA.
• Third-Party Administration (TPA) Services Third-Party Administration services for associations and employer groups, including administration for life, home, auto, dental, and vision insurance. Includes third-party billing, collection and remittance of premiums, benefit enrollment administration, applications, customer service, and limited insurance claim assistance, backed by a dedicated service team and purpose-built technology.
• Medicare Enrollment Services Medicare enrollment help through licensed Medicare brokers in Minnesota and Wisconsin. Helps individuals navigate Original Medicare, Medicare Advantage, and Part D at no cost, working across all major carriers to find the right fit.
• BENNGI Client Portal Client login portal for Benafica's benefits administration services, used for accessing account management, QSEHRA administration, benefits management, enrollment, reimbursement processing, and ongoing administration.

Quantifiable outcome

• Employers facing 20%+ increases in insurance costs successfully switch to ICHRA and achieve cost predictability

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• LeClair GroupcoreOthersBenafica is a service of LeClair Group, headquartered at 6701 Upper Afton Road, Saint Paul, Minnesota 55125. LeClair Group is the parent organization providing Benafica's operational infrastructure and branding. All Services are operated and provided by LeClair Group.
• Minnesota Benefit AssociationminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website. Minnesota Benefit Association is an association that trusts Benafica for benefits administration services.
• StarrWright USAminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website, indicating a relationship for benefits administration or HRA services.
• North Risk PartnersminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website. North Risk Partners is a risk management and insurance firm.
• Riverside BenefitsminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website, indicating a channel relationship for benefits distribution.
• Farmers InsuranceminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website.
• Farmers Union InsuranceminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website. Farmers Union Insurance agent Dominic Noonan is quoted as trusting Benafica with ICHRA business.
• The HartfordminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website.
• Missouri BarminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website. Missouri Bar is a state bar association that uses Benafica for benefits administration.
• Rydell AutominorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website.
• Bearing InsuranceminorChannel Partner/ Reseller/ DistributorListed as a trusted partner/client on Benafica's website.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Take Command Health: Take Command Health is one of the largest dedicated ICHRA administration platforms for employers and brokers. It directly competes with Benafica's BEN360 platform on ICHRA setup, reimbursement, and compliance, serving a similar SMB-to-mid-market employer base through a broker-led channel.
• PeopleKeep: PeopleKeep, a Web Benefits brand, is a long-standing QSEHRA and ICHRA administration platform for small employers. It competes head-to-head with Benafica's QSEHRA offering on small-business pricing, usability, and broker enablement.
• Remodel Health: Remodel Health is a venture-backed ICHRA-focused administrator targeting small and mid-sized employers with a broker distribution model. It overlaps directly with Benafica on ICHRA plan design, compliance, and employer onboarding workflows.
• Thatch: Thatch is an ICHRA and individual health benefits platform serving small businesses, brokers, and employees. It competes with Benafica in offering tech-forward ICHRA administration and employee experience tools.
• Zane Benefits: Zane Benefits is an established HRA administration platform, particularly known for QSEHRA and defined contribution health benefits. It overlaps with Benafica's HRA administration services and broker enablement focus.
• Patra Corporation: Patra is a technology-enabled TPA providing benefits administration services to insurance brokers, MGAs, and carriers. It overlaps with Benafica's TPA services for associations and broker distribution partners.

Emerging players

• StretchDollar: StretchDollar is an emerging ICHRA administrator targeting very small employers with a simplified experience. It competes with Benafica's QSEHRA and small-employer ICHRA offerings in the bottom of the SMB market.

Broad incumbents

• WEX Health: WEX Health is a large-scale benefits administration technology provider serving employers, TPAs, and health plans with HSA, HRA, FSA, and COBRA platforms. It is a broad incumbent whose TPA-facing technology could either partner with or compete against Benafica's BEN360.
• ADP TotalSource: ADP TotalSource is a PEO offering benefits administration as part of a broader HR outsourcing bundle. It competes for the same employer wallet share as Benafica but with a much wider product portfolio and scale.
• Maestro Health: Maestro Health provides benefits administration, TPA, and wellness solutions to employers and brokers nationwide. It competes with Benafica's TPA service line and broker-channel positioning across association and employer benefits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@benafica
• Facebookfacebook.com/Benafica
• LinkedInlinkedin.com/company/benafica
• Instagraminstagram.com/benaficamn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Benafica