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In 2014, WEX acquired Evolution1, a cloud-based health industry payments provider, later renaming it to WEX Health. [18] WEX Health Cloud helps to administer defined-contribution, wellness, and transit plans, among others. [19] Its partners include Fifth Third Bancorp, Paychex, HSA Bank, and Discovery Benefits. [20] [21]
The benefits segment adjusted operating income margin was 43.2%, compared to 35.4% in 2023. The increase in margin versus last year is driven by the high flow-through of custodial income.
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Evolution1 Wins 2013 Paybefore Award Industry Leader Provides Innovation, Simplicity in Healthcare Market MINNEAPOLIS--(BUSINESS WIRE)-- Evolution1®, an established leader in the employee ...
The Federal Employees Health Benefits (FEHB) Program is a system of "managed competition" through which employee health benefits are provided to civilian government employees and annuitants of the United States government. The government contributes 72% of the weighted average premium of all plans, not to exceed 75% of the premium for any one ...
Compass Rose Benefits Group is an American insurance provider that offers health insurance plans for civilian employees and retirees eligible for the Federal Employees Health Benefits (FEHB) Program. History
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