Evolution Benefits

Acquired

Employee benefits

Business Model
B2B

About

Evolution Benefits was a pioneer in the employee benefits administration industry, specializing in healthcare benefits technology and consumer-directed health accounts. The company was one of two industry leaders — alongside Lighthouse1 — that merged in 2011 to form Evolution1, which was later renamed WEX Health Inc. in 2016 after being acquired by WEX Inc. Evolution Benefits focused on streamlining health benefits administration, including flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and COBRA administration, serving employers and benefits administrators across the United States. The company is now fully integrated into WEX Health, a leading provider of employer-sponsored health account administration and benefits payment solutions.

Summary

Evolution Benefits is a Healthcare company based in United States.

Tech & App Stack

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