(Wednesday, December 16, 2015)
San Mateo, CA (December 16, 2015) – WageWorks, Inc. (NYSE: WAGE), a leader in administering Consumer-Directed Benefits, announced today an agreement to administer Commuter Benefit, COBRA and Direct Billing services for clients of Empyrean Benefit Solutions. Empyrean offers enrollment, eligibility management, and a range of other plan administration services to employers, insurance brokers, and healthcare exchanges. The new partnership enables Empyrean to offer WageWorks’ expertise, premier technology and enhanced services to its clients, which represents more than 2,000,000 plan participants.
“At Empyrean, we believe in a high-touch approach to delivering the best benefits services available,” explained Richard Wolfe, Chief Executive Officer, Empyrean Benefit Solutions. “Benefits services from WageWorks are an ideal complement to our approach, as WageWorks is known for their dedication to service excellence. This partnership allows us to provide access to Commuter, COBRA, and Direct Billing specialists while continuing to ensure responsive service to our clients.”
“Empyrean is a recognized leader in administration of benefit services to employers, brokers and healthcare exchanges alike, and represents the latest addition to our growing list of channel partnerships,” said WageWorks CEO Joe Jackson. “Our goal is to save both employees and employers money by providing easy access to the industry’s leading Consumer-Directed Benefits programs. The partnership with Empyrean extends this mission further.”
Founded in 2007, Empyrean Benefit Solutions is a leading provider of technology and services for managing large and middle-market employers' health and benefits programs. Empyrean provides enrollment, eligibility management, and a range of other plan administration services to three distinct markets: employers, insurance brokers, and healthcare exchanges. The company's open systems approach brings together the industry's most advanced benefits technology platform with the market's leading domain experts. This agile business solution drives greater value to employers and employees during increasing market uncertainty by giving them an unprecedented level of flexibility, through best-of-breed integration of other software and service providers. Empyrean's founders are former principals with some of the country's largest benefits administration service providers. Visit www.GoEmpyrean.com for more information.
WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits. WageWorks makes it easier to understand and take advantage of Consumer-Directed Benefits for 58,000 employers and approximately 4.5 million people. WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, visit www.wageworks.com.