bswift vs. WEX Benefits

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
bswift
Score 7.7 out of 10
N/A
bswift is a benefits administration management software solution built to help companies with issues such as Affordable Care Act compliance.N/A
WEX Benefits
Score 3.1 out of 10
N/A
WEX Benefits is a suite of benefits administration solutions, positioned to help employers provide healthcare benefit management for their employees.N/A
Pricing
bswiftWEX Benefits
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
bswiftWEX Benefits
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
bswiftWEX Benefits
Top Pros

No answers on this topic

Top Cons

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Best Alternatives
bswiftWEX Benefits
Small Businesses
Justworks
Justworks
Score 7.8 out of 10
Justworks
Justworks
Score 7.8 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
bswiftWEX Benefits
Likelihood to Recommend
3.0
(5 ratings)
1.8
(8 ratings)
Support Rating
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
bswiftWEX Benefits
Likelihood to Recommend
bswift
bswift is well suited for benefit enrollment for both new hires and users looking to change or enroll in benefits during open enrollment. It is less appropriate for people looking to explore personal or additional benefits that are separate from the employer. It is more designed for benefit administrators than it is for individual users.
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WEX
It is well suited to help us see exactly which employee and which company the employee is with and how much they employee spent. I really like the reports that it generates and the detail it gives. However I would like to see more details. It would be nice to see the exact date the funds were withdrawn and where the funds were spent. I think this could help us determine that the employee is spending the funds at correct locations and help us when we do our reconciliations of these accounts.
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Pros
bswift
  • bswift breaks down each benefit into its individual components really well.
  • bswift provides ample resources for additional support (phone numbers, emails, FAQ documents)
  • bswift makes it easy to compare the pros and cons of several benefit alternatives
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WEX
  • In my opinion, poor application of IRS rules
  • In my experience, frequent denial of coverage to be later reversed
  • In my experience, poor complain processing rules
  • need PAPER checks to be sent if you need to reimburse them. PAPER! They don't accept credit cards. A credit card processing company that doesn't accept credit cards.
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Cons
bswift
  • Turnaround
  • Coordination with benefits department
  • Coordination with Wex
  • Chat interface
  • Ability to solve problems
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WEX
  • In my experience, WEX has an inability to connect with other entities on the supply chain (bswift, internal benefits department).
  • Slow support request turnaround (3-5 business days).
  • Makes FSA substantiation unnecessarily difficult.
  • Even when there’s a single itemized receipt for all charges, every charge must be substantiated with a separate upload.
  • Even though doing so would satisfy IRS guidelines, WEX won’t accept third party explanations of services as FSA substantiation.
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Alternatives Considered
bswift
We evaluated bswift and local vendors and bswift came hands down better in followinhg - support - ROI - EDI (can be better)
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WEX
We formerly used TASC and it was a nightmare. We were not at all confident in their administration or compliance of FSAs, HSAs, or COBRA. When we were looking for a new third party administrator to replace TASC, we were immediately drawn to WEX Health. They offered an easy-to-use website, and it was clear that they were serious about compliance and proper administration of benefits.
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Return on Investment
bswift
  • HR/Benefits Admin ease of use
  • Employee functionality and transparency of use
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WEX
  • It's great to have all of our HSA, FSA and COBRA on one software
  • One software helps reduce redundancy
  • One software helps reduce errors
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