Maxwell Health vs. WEX Benefits

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Maxwell Health
Score 8.0 out of 10
N/A
Boston-based Maxwell Health offers their specialized benefits administration platform and marketplace for a shopping-like experience of plan selection and benefits enrollment.N/A
WEX Benefits
Score 3.2 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
Maxwell HealthWEX Benefits
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Maxwell HealthWEX 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
Maxwell HealthWEX Benefits
Top Pros

No answers on this topic

Top Cons

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Best Alternatives
Maxwell HealthWEX Benefits
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Justworks
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Medium-sized Companies
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Score 9.5 out of 10
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Enterprises
Infor Human Resources
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All AlternativesView all alternativesView all alternatives
User Ratings
Maxwell HealthWEX Benefits
Likelihood to Recommend
9.0
(3 ratings)
1.9
(8 ratings)
Support Rating
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
Maxwell HealthWEX Benefits
Likelihood to Recommend
Maxwell Health
Maxwell Health is well suited to assist employers with the administration of open enrollment for employees. It provides the employee the necessary information to make informed decisions, allows them to do so at a time and place of their choosing. Additionally, it can assist employers with an workflow that can be used whenever employee approval forms are required. Maxwell Health is not well suited to be used as an all encompassing employee personnel file. It has limitations on the information that can be attached to an employee record.
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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
Maxwell Health
  • Creates Uniformity
  • Ease of Use
  • Helps answer any questions about benefits
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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
Maxwell Health
  • The reporting takes some getting used to, but it is robust.
  • ACA reporting data file is HUGE, a lot to look through.
  • Admin email alerts are not super specific.
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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
Maxwell Health
We currently use Paylocity for our payroll and some HR needs. Maxwell Health and Paylocity work together to share information. There are some features in Paylocity that work better, such as new employee orientation forms. This is more for forms that directly tie into the employee's record that affects their paycheck. Paylocity does not provide a way for employees to access benefit information and make selections.
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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
Maxwell Health
  • Benefit Awareness
  • Less work for HR
  • A more productive solution for benefits
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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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ScreenShots