Anchor Benefit Consulting

What Anchor Benefit Consulting does

Anchor Benefit Consulting, Inc. is a privately held third-party administrator (TPA) of self-funded health benefit plans, founded in 1990 and headquartered in Maitland, Florida, with a brokerage and marketing office in St. Petersburg. The company serves small to mid-size employers in the Southeast United States, administering medical, dental, vision, and prescription drug plans, and is explicitly not an insurance carrier — the employer retains risk and pays actual plan expenses. Anchor's service portfolio spans benefit plan design, claims adjudication, COBRA administration, FSA/HRA management, utilization review, case management, bill negotiation, subrogation, dependent eligibility audits, retiree billing, telemedicine, and compliance services covering the No Surprises Act and Transparency in Coverage reporting. Add-on services are delivered through an integrated partner ecosystem that includes four PPO networks (Cigna, MultiPlan/PHCS, Evolutions Healthcare Systems, PrimeHealth), five pharmacy benefit managers (Liviniti, US-Rx Care, Rightway, TrueScripts, Veracity/ProCare), and 13+ stop-loss insurance carriers, alongside utilization and advocacy partners Valenz and First Stop Health.

The company's underlying technology platform centers on the MediClnix Employer/Member Benefits Portal and Provider Portal, hosted via MediConneX (client ID 7629), which provide eligibility verification, claims status, and secure messaging; a separate secure document upload portal uses 256-bit encryption and supports PDF, JPEG, and TIFF formats. Anchor's go-to-market is built on long-standing partnerships with insurance agents and brokers who refer employer clients, supplemented by direct outreach through its St. Petersburg sales office; the company publishes no public pricing and operates on quote-based, multi-year TPA contracts. Revenue is generated from administrative fees charged to self-insured employer clients for claims processing, compliance support, and benefit plan management.

In 2025, Anchor was acquired by OneVeracity, a strategic operating company pursuing fully integrated employer health services; the acquisition brings administration in-house and positions Anchor within a broader platform play. Headcount is reported at 11-50 employees, no funding rounds are disclosed, and the company remains privately held with no public revenue figures.

Name

Anchor Benefit Consulting

Legal name

Anchor Benefit Consulting, Inc.

Website

https://anchorbenefit.com

Company type

Private

Founded year

1990

Operating status

Acquired

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Third-Party Benefits Administration Services

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120)

SIC

Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ)

akta.pro secondary industry

Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• Third-party administration
• Self-funded health plans
• Benefits administration services
• Claims adjudication services
• Employee benefits consulting

Headquarters

HQ city

Maitland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Third-Party Administration (TPA) Services: Anchor Benefit Consulting generates revenue as a third-party administrator retained by employers to pay claims and assist with plan administration and compliance. The employer pays for plan expenses not covered by plan participants. Revenue is derived from administrative fees charged to self-insured employer clients for claims processing, compliance support, and benefit plan management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Anchor Benefit Consulting is a third-party administrator (TPA) that designs, administers, and adjudicates self-funded health benefit plans on behalf of small to mid-size employers. Its core work includes customizing medical, dental, vision, and prescription drug plans; processing claims; managing COBRA, FSA, HRA, and VEBA arrangements; coordinating pharmacy benefit managers and stop-loss insurance carriers; and supporting compliance with regulations such as the No Surprises Act and Transparency in Coverage rules.

Product overview

Anchor Benefit Consulting is a third-party administrator (TPA) offering a comprehensive suite of self-funded health benefit management services. The portfolio includes core administration services (benefit plan design, claims adjudication, medical/dental/vision administration, HDHPs, VEBA, FSAs, COBRA), add-on services (bill negotiation, subrogation, case management, utilization review, telemedicine, dependent audits), compliance solutions (No Surprises Act, Transparency in Coverage), and self-service platforms (Employer/Member Benefits Portal, Provider Portal via MediConneX, Secure Document Upload). The company integrates pharmacy benefit management through multiple PBM partners and offers stop-loss insurance placement through various carriers.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

22 partnerships are on record, tiered core and minor.

• Cigna PPO NetworkcoreTechnology or IntegrationNational PPO network partnership providing members with broad access to healthcare professionals and competitive discounts. Cigna PPO network MRF files available for transparency.
• MultiPlan/PHCScoreTechnology or IntegrationPartnership with MultiPlan and PHCS networks offering Value-Driven Health Plans, Practitioner & Ancillary networks, and out-of-network negotiation services.
• Evolutions Healthcare Systems (EHS)coreTechnology or IntegrationProvider network partnership offering members flexible access to healthcare professionals with competitive discount arrangements.
• PrimeHealth NetworkcoreTechnology or IntegrationProvider network partnership providing additional access options for members seeking healthcare services.
• LiviniticoreTechnology or IntegrationPharmacy benefit manager partnership allowing members to order prescription refills, check drug costs, view claims history, and find medication savings.
• US-Rx CarecoreTechnology or IntegrationPharmacy benefit manager partnership providing prescription management services and cost savings programs for members.
• RightwaycoreTechnology or IntegrationPharmacy benefit manager and health advocacy partnership offering prescription services and member support.
• TrueScriptscoreTechnology or IntegrationPharmacy benefit manager partnership providing prescription management services for members.
• Veracity/ProCarecoreTechnology or IntegrationPharmacy benefit manager partnership integrated into the member benefits portal for prescription services.
• HCC Life InsurancecoreOthersStop-loss insurance carrier partnership providing coverage for self-insured employer plans against catastrophic claims.
• NationwidecoreOthersStop-loss insurance carrier partnership providing coverage for self-insured employer plans.
• American NationalcoreOthersStop-loss insurance carrier partnership for self-insured employer plan protection.
• Companion LifecoreOthersStop-loss insurance carrier partnership providing coverage for self-insured employer plans.
• Sun Life InsurancecoreOthersStop-loss insurance carrier partnership for self-insured employer plan protection.
• Swiss RecoreOthersStop-loss insurance carrier partnership providing reinsurance coverage for self-insured employer plans.
• SymetracoreOthersStop-loss insurance carrier partnership for self-insured employer plan protection.
• Standard Life InsurancecoreOthersStop-loss insurance carrier partnership providing coverage for self-insured employer plans.
• East Coast UnderwritersminorOthersStop-loss insurance broker/carrier partnership for self-insured employer plan protection.
• Employee Benefit UnderwritersminorOthersStop-loss insurance broker/carrier partnership for self-insured employer plan protection.
• Greenwich InsuranceminorOthersStop-loss insurance carrier partnership providing coverage for self-insured employer plans.
• Montgomery ManagementminorOthersStop-loss insurance carrier partnership for self-insured employer plan protection.
• National Union Fire Insurance Co.coreOthersStop-loss insurance carrier partnership (part of AIG) providing coverage for self-insured employer plans.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ameriflex: Ameriflex is a third-party administrator specializing in FSA, HRA, HSA, COBRA, and commuter benefits for employers — directly comparable to Anchor's flexible benefits and COBRA administration services for small/mid-size employers.
• TASC (Total Administrative Services Corporation): TASC is a national TPA providing FSA, HRA, HSA, COBRA, and Section 125 plan administration to employers of all sizes — a direct functional peer to Anchor's TPA services.
• Maestro Health: Maestro Health is a benefits TPA offering self-funded plan administration, COBRA, and consumer-directed health accounts to small and mid-size employers, overlapping significantly with Anchor's core service set.
• BenefitMall: BenefitMall provides benefits brokerage and administration services to small/mid employers and brokers, with TPA-adjacent capabilities that overlap Anchor's broker-distributed self-funded administration offering.

Broad incumbents

• Benefitfocus: Benefitfocus is a larger benefits administration platform serving employers and carriers with enrollment, billing, and exchange solutions — a broader incumbent whose TPA-adjacent functionality competes with parts of Anchor's stack.
• HealthEquity (including WageWorks): HealthEquity is the largest consumer-directed benefits administrator (HSAs, FSAs, HRAs, COBRA) in the US, competing with Anchor's flexible benefits offering but at substantially greater scale.
• Alliant Insurance Services: Alliant is a large national insurance brokerage offering employee benefits consulting and placement, including support for self-funded employer plans — a broader incumbent in the same broker-driven distribution channel Anchor relies on.
• Lockton: Lockton is a major independent insurance brokerage with deep employee benefits practice serving mid-market and enterprise employers, competing indirectly with Anchor for self-funded plan business through its broker relationships.

Others

• OneVeracity: OneVeracity is Anchor's strategic acquirer (2025) and parent company, positioning itself as an integrated employer health services platform — adjacent as a parent rather than a direct competitor, but materially shapes Anchor's future trajectory.
• Sun Life Financial: Sun Life is a stop-loss insurance carrier and benefits provider that partners with Anchor and competes in adjacent employee benefits segments; useful as a downstream counterparty and partial competitive reference.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Anchor-Benefit-Consulting-Inc-136035373112619

Revenue estimate

Valuation estimate

Number of profiles

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 Anchor Benefit Consulting