Benafica
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.
- Company typePrivate
- Founded2018
- HeadquartersMinnesota City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
Benafica firmographics
Firmographics- 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
Benafica industry classification
Industry- 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
Where Benafica is headquartered
LocationHeadquarters
- HQ city
- Minnesota City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Benafica business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Annual | QSEHRA (Qualified Small Employer HRA) - Small business plan |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Benafica product offering
Product offeringCore 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
Companies that use Benafica
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Benafica technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Benafica partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- LeClair GroupcoreBenafica 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 AssociationminorListed as a trusted partner/client on Benafica's website. Minnesota Benefit Association is an association that trusts Benafica for benefits administration services.
- StarrWright USAminorListed as a trusted partner/client on Benafica's website, indicating a relationship for benefits administration or HRA services.
- North Risk PartnersminorListed as a trusted partner/client on Benafica's website. North Risk Partners is a risk management and insurance firm.
- Riverside BenefitsminorListed as a trusted partner/client on Benafica's website, indicating a channel relationship for benefits distribution.
- Farmers InsuranceminorListed as a trusted partner/client on Benafica's website.
- Farmers Union InsuranceminorListed as a trusted partner/client on Benafica's website. Farmers Union Insurance agent Dominic Noonan is quoted as trusting Benafica with ICHRA business.
- The HartfordminorListed as a trusted partner/client on Benafica's website.
- Missouri BarminorListed as a trusted partner/client on Benafica's website. Missouri Bar is a state bar association that uses Benafica for benefits administration.
- Rydell AutominorListed as a trusted partner/client on Benafica's website.
- Bearing InsuranceminorListed as a trusted partner/client on Benafica's website.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Benafica competitors and assessment
Company assessmentDirect 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
Benafica social profiles
Digital presenceBenafica compliance and trust
Trust signalCompliance3 records
Benafica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Benafica leadership team
Management profileNumber of profiles
Profiles9 records
Benafica funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Benafica M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Benafica
What does Benafica do?
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.
Is Benafica a public or private company?
Benafica is a private company. It is classified as corporate owned and is currently operating.
When was Benafica founded?
Benafica was founded in 2018. It employs 11 to 50 people.
Where is Benafica based?
Benafica is headquartered in Minnesota City, United States, in the North America region.
How does Benafica make money?
Three revenue lines are on record. HRA Administration Services are the primary driver. The others are third-Party Administration (TPA) Services and insurance Broker and Medicare Broker Services.
Who are Benafica's main competitors?
Direct peers on record are Take Command Health, PeopleKeep, Remodel Health, Thatch, Zane Benefits and Patra Corporation. StretchDollar is listed as an emerging player. Broad incumbents are WEX Health, ADP TotalSource and Maestro Health.
Does Benafica have an API?
No public API is recorded for Benafica.
What industry is Benafica in?
Benafica's product category is Health Benefits Administration. Its primary akta.pro industry code is HLAEAAAG, Employer Health Reimbursement Arrangements (HRA/ICHRA/QSEHRA) Administration, with a secondary code of BPAAAIAB, Benefits Administration & Enrollment Support. Its NAICS code is 524292 and its SIC code is 6411.