(Monday, March 07, 2016)
SAN MATEO, Calif., March 7, 2016 - WageWorks, Inc. (NYSE: WAGE), a leader in administering Consumer-Directed Benefits, announced today that it has been selected by the United States Office of Personnel Management (OPM) to administer its Federal Flexible Spending Account Program (FSAFEDS).
“We are extremely pleased that OPM selected us to administer their FSAFEDS Program,” said Joe Jackson, CEO, WageWorks, Inc. “As a company with a proven track record of success providing Consumer-Directed Benefits to 58,000 employers, including many in the public sector, we’re well positioned to support OPM and the Federal workforce. We look forward to partnering with OPM and bringing our advanced technology and superior service capabilities to the Federal Government.”
This new partnership provides approximately 1.8 million eligible Federal employees with access to WageWorks’ industry leading proprietary platform along with marketing and educational materials that collectively demonstrate the value of Healthcare and Dependent Care Flexible Spending Accounts to Federal government employees and their families.
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.