Benafica

InsuranceMinnesota, United States11-50 Employees

Benafica is an insurance services firm based in St. Paul, Minnesota, that helps employers offer health benefits beyond traditional group plans. Its offerings center on flexible, cost-controlled reimbursement arrangements, specifically ICHRAs and QSEHRAs, supported by a benefits platform and back-office administration to reduce paperwork and simplify compliance while expanding employee choice. The company also provides third-party administration services and serves as a Medicare enrollment partner in Minnesota and Wisconsin, enabling organizations to manage benefits and coverage for a broader workforce.

Benafica positions itself in the insurance sector by targeting employers seeking alternatives to traditional group health coverage and by working with brokers to streamline benefits management. Based in St. Paul, it serves Minnesota and Wisconsin organizations through its platform and administration offerings. In 2025, the company expanded its product suite with BEN360, an upgraded ICHRA platform, and introduced QuickSEHRA to facilitate smaller employers in offering coverage.

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