WageWorks F.A.Q.
What does WageWorks do?
WageWorks helps lower the cost of living for more than a million working families. The company enables participants to save money on health care, wellness, child and elder care, commuting, and tuition expenses. All of this by helping them manage tax-advantaged benefits programs such as Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and HRAs. WageWorks' unique delivery platform puts participants’ needs first by enabling them to make plan adoption and funding decisions designed to maximize their savings.
WageWorks brings to market the only tax-advantaged account solutions delivered on a completely integrated platform. Clients can manage any combination of WageWorks products on a single platform with built-in debit cards and convenient account management tools like electronic bill pay and cash reimbursement to give program participants more ways to access their funds.
The company’s online tools also provide up-to-the minute visibility into account activity to both employees and their employers and they have the flexibility to work with any combination of health insurance carrier or financial institution.
Many of America’s largest employers, including 40 percent of the Fortune 100, rely on WageWorks.
What products does WageWorks offer?
- Health Care Accounts — Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements.
- Commuter Accounts — Public transportation, vanpool, and parking reimbursement accounts.
- Dependent Care Accounts — Dependent Care Flexible Spending Accounts for day care, elder care, and preschool.
- Benefits Continuation — COBRA and direct billing services.
When was the company founded?
The year 2000.
Is WageWorks a private or public company?
WageWorks is a privately-owned firm.
How many employees does WageWorks have?
Currently, we have more than 675 full-time staff members.
How many participants and clients does WageWorks have?
Wageworks has more than 1.2 million participants representing over 2,000 clients.
Who is on WageWorks’ leadership team?
Click here to see our management team and board of director biographies.
Who is on WageWorks’ board of directors?
Our board is comprised of:
- Joe Jackson, WageWorks
- Richard M. Berkeley, Camden Partners
- Annette Bianchi, VantagePoint Venture Partners
- Bruce Bodaken, Blue Shield Of California
- Stephen Dolezalek, VantagePoint Venture Partners
- Gary Gensler
- Jerry Gramaglia, Arrowpath Venture Capital
- Jon Kessler
- John Larson, Morgan, Lewis & Bockius
- Leigh Michl, Advent International Corporation
