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WEX Benefits Reviews & Product Details

WEX Benefits Overview

What is WEX Benefits?

WEX Benefits delivers simplified, worry-free administration and optimal ROI from their benefits investment so that employers can focus on their core competencies. WEX benefit administration solutions foster employee attraction and retention, satisfaction, and engagement, and contribute to a happier and more productive work environment. A customizable, responsive, and cloud-based platform serves as the foundation for the optimal benefit administration experience. Built-in features of a mobile app, marketplace, EDI & payroll tools, premium accounting, voluntary benefit management, wellness administration, and advanced analytics ensure benefit program success. Add-on services including ACA compliance, COBRA + direct bill, a customer support team, dependent verification audits, and total rewards statements extend and complement the already powerful platform to deliver a fully personalized experience for employers. WEX Benefits also includes consumer driven health accounts like HSA, FSA, and HRA. A WEX HSA allows organizations that want to administer HSAs the flexibility to offer a customized product that meets their business needs while streamlining the administrative, employer, and consumer experience using our proprietary technology.

WEX Benefits Details
Product Website
Languages Supported
English, Spanish
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Product Description

Since 1987, WEX Benefits has been in the business of simplifying the administration of HSAs, FSAs, HRAs, Commuter Benefits, COBRA and more with innovative technology solutions.

How do you position yourself against your competitors?

WEX uniquely combines world-class customer service with innovative benefits technologies for speed, reliability, configurability, scalability, security, and ease of use, simplifying and streamlining experiences for WEX benefit partners, employers, consultants, administrators, and employees. WEX Benefit Administration solutions help increase employee satisfaction, motivation, well-being, productivity, and engagement yielding improved retention and operational efficiencies.

From selecting and purchasing benefits through using benefits and service delivery, WEX is the one-stop shop for the products, services, and deep insights required to simplify employee benefits- from hire through retirement – and nurture a healthy, engaged, and productive workforce.

WEX Benefit Administration Consultants, Brokers, and Referral Partners benefit from highly satisfied end-customers as well as a constellation of extended tools, services, and advice to help grow their business- ranging from outstanding support and guidance to marketing materials.


Seller Details
Seller
WEX
Company Website
Year Founded
1983
HQ Location
Portland, Maine
Twitter
@WEXIncNews
1,949 Twitter followers
LinkedIn® Page
www.linkedin.com
4,877 employees on LinkedIn®
Ownership
NYSE:WEX
Phone
800-761-7181
Total Revenue (USD mm)
$1,723

JB
Overview Provided by:

Recent WEX Benefits Reviews

Ruvy L.
RL
Ruvy L.Small-Business (50 or fewer emp.)
3.0 out of 5
"Useful but hard to reach customer service"
It's easy and universally accepted across the United States.
Verified User
U
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"WEX made paying for healthcare very simple"
I liked that the card can be used directly at the Dr office and its very clear how much money is available
Kevin K.
KK
Kevin K.Mid-Market (51-1000 emp.)
0.0 out of 5
"Unhelpful, Predatory, and Difficult"
I like that they accepted some of my claims and I could use an app.
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WEX Benefits Media

Simplify benefits management and empower employees to confidently choose, use, and manage their benefits year-round with WEX.
Play WEX Benefits Video
Simplify benefits management and empower employees to confidently choose, use, and manage their benefits year-round with WEX.
Empower employees with data-driven benefits decisions - BeneFITwise Premier leverages claims data to provide employees with personalized insights into their benefit options. This empowers them to make informed choices during open enrollment
Play WEX Benefits Video
Empower employees with data-driven benefits decisions - BeneFITwise Premier leverages claims data to provide employees with personalized insights into their benefit options. This empowers them to make informed choices during open enrollment
Transform employee benefits with the AI-Powered Benefit Assistant. Simplify, personalize, and optimize your benefits journey with the WEX AI-driven Benefit Assistant — empowering employees to make informed decisions and maximize their benef
Play WEX Benefits Video
Transform employee benefits with the AI-Powered Benefit Assistant. Simplify, personalize, and optimize your benefits journey with the WEX AI-driven Benefit Assistant — empowering employees to make informed decisions and maximize their benef
WEX's benefit analytics enables employers to make smarter decisions about their benefit offering and prove the ROI. With key areas of your benefits administration program visualized all with simple access from your platform, analyzing your
Play WEX Benefits Video
WEX's benefit analytics enables employers to make smarter decisions about their benefit offering and prove the ROI. With key areas of your benefits administration program visualized all with simple access from your platform, analyzing your

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56 WEX Benefits Reviews

3.6 out of 5
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56 WEX Benefits Reviews
3.6 out of 5
56 WEX Benefits Reviews
3.6 out of 5

WEX Benefits Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for WEX BenefitsQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Kevin K.
KK
Senior Director of DevOps
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about WEX Benefits?

I like that they accepted some of my claims and I could use an app. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

WEX systematically denies most claims, even some from places that they have previously approved in hopes that you will not fight them on it and they will get their money back.

In cases where I tried to comply with very stringent and ridiculous claim rules (like printing and signing and getting a sitter to sign forms completely separate from the receipts given by the agencies, or providing provider invoices and receipts for procedures), they inevitably kick a percentage of them back to you and ask you to resubmit receipts with totally trivial additional data hoping that you miss it or forget by the time your plan date ends. The plan end notification was less than two weeks before the end date via email which also gives people a short window to get documentation together.

In one case, I had them send me a PDF with the claim number (their own data) amount, and details of the claim (information I already provided in receipts), and deny my claim asking if I could PRINT out the 1 page pdf, and my receipts and FAX it to them despite having already uploaded it. If I could not do that, take a screenshot of the PDF that THEY PROVIDED and upload it to the receipts.

Everything about the service is questionable and the latter example is a flat out scam. I lost a lot of money to this plan and I hope that a class action suit or something pops up. Just horrible. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

I'm not aware of them solving any problem, but they are creating them. Review collected by and hosted on G2.com.

Kerri R.
KR
R.N.
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about WEX Benefits?

NOTHING!!! WILL NEVER use again!! The worst. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

They deny payments for OBVIOUS medical costs. Southeast Texas OB/GYN- that is an OBVIOUS medical expense. Soustheast Texas Cardiology. THEN, they want a medical necessity form for hormone replacement! THIS IS OUR MONEY in a savings account and they're trying to regulate it like they're an insurance company. It's like they are holding your money hostage and won't release it. It's basically as big of a pain to use as just having your insurance coverage. I will never use them again. EVER. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

They deny payment for obvioud medical costs. This is OUR money. Hormone replacement for example. That is NOT a cosmetic cost. OBvious medical places- deny charges. And charges are being denied when they've previously approved charges. They behave more like an insurance company than a HSA. Terrible service. Then, once they deny a payment, it's up to the client to jump throuh all the hoops to prove payment. THEN, they request a medical necessity form, for charges incurred at a medical facility!So, your experience goes like this: go to the doctor. Pay the bill with your card. WEX denies the payent. Asks for detailed receipt. You snd in the receipt. They deny it and request a medical necessity form. Fill out the medical necessity form and send that in with ICD-9 codes. Now, you've spent approx 1-2 hours of your time, jumping through these hoops, just to use your own money. Review collected by and hosted on G2.com.

Ruvy L.
RL
Treatment Coordinator
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about WEX Benefits?

It's easy and universally accepted across the United States. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

The customer service line is hard to reach and difficult to understand. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

They are helping us have one set company for most of our payments which is nice and helpful for administrators to keep track of. Review collected by and hosted on G2.com.

JH
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about WEX Benefits?

Absolutely nothing. This company brings negative value to society. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

They reject transactions at random. I just had my Amazon account locked because they withdrew payment for FSA-eligible items. Good luck complaining — they'll send you an email through their secure messaging service, which won't take your login. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

Wex is actively creating problems for me and solving nothing. Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about WEX Benefits?

I liked that the card can be used directly at the Dr office and its very clear how much money is available Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

Honestly, I don't have any complaints with WEX Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

I did not have a healthcare payment card and now I do Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
UH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about WEX Benefits?

Unfortunately, there isn't much good I can say about this service. Their interpretations of IRS rules are off and tend to be on the draconian side. Would not recommend. However, their phone support representatives are polite and patient. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

Their complaint process is onorous and requires that you jump through hoops. They are inflexible when it comes to problem resolution. As a "credit card" company, they don't accept credit cards to resolve payment issues. You literally have to WRITE a PAPER check and MAIL it to them. In this day and age, a lack of support of commonplace technology facilities is indicative of how they're stuck in a yesteryear mindset and unfit solutions. Would not recommend. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

They are not solving problems well, when they arise. They are very "sorry" when you have a problem. However, options for conflict/problem resolution are limited and put all the responsibility on you as a user. Would not recommend. Review collected by and hosted on G2.com.

BS
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about WEX Benefits?

The mobile app is easy to use and upload documents. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

The support service is terrible. They paid all of my claims without problem but when I submit my son's dental claim I suddenly need an explananation of benefits from my insurance solely becuase they don't like the wording on dentists itemized reciept. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

Flexible spending accounts for human resources Review collected by and hosted on G2.com.

Susanna  D.
SD
Costumer Support Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about WEX Benefits?

Wex was great for using my FSA. The app was fairly easy to navigate and I most especially loved adding the card to my digital wallet. Signing in was easy, and I greatly appreciated the graph of where specinding went. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

Notifications regarding receipts due were sometimes lost, and figuring out where to add the reciept was difficult. I was annoyed that some of my doctors visits didn't register as auto-approved. If it was approved once, I wish it would have auto-approved moving forward. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

WEX made it easy for employees to access their FSA benefits. Without it, the lack of organization would have been astounding. Review collected by and hosted on G2.com.

JK
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about WEX Benefits?

The freedom to be able to use this on so many different activities, items, or anything is just great! On top of everything, it is so easy to use with either direct payment or reimbursement. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

Nothing so far. This has been great, and it's a bummer that I have to fill this space with the minimum characters because I really do not have negative things to say. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

This has allowed us to have benefits that we can utilize for whatever we see fit. Before we had specific benefits, but now, we have true freedom to be able to get whatever we want/need. Review collected by and hosted on G2.com.

Amy L.
AL
Environmental Health Safety Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about WEX Benefits?

WEX benefits are easy to redeem. With lots of options to redeem benefits like an online store or in office with a debit card. It offers an easy to use website for end users. Review collected by and hosted on G2.com.

What do you dislike about WEX Benefits?

There is nothing to dislike the process to access benefits is very easy, it has simple to follow instructions online and in paper or via a phone call for end users making administrative requirements minimal. Review collected by and hosted on G2.com.

What problems is WEX Benefits solving and how is that benefiting you?

Allows employees to manage own benefits and redeem HSA funds. So we don't have to add the process to any of our roles and frees up our time for other projects. Review collected by and hosted on G2.com.