Company Information

Get to know Evolution Benefits

Founded in 2000, Evolution Benefits, Inc. was a key provider of technology and administration services for consumer-directed healthcare plans, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). The company was known for its "Benny" prepaid benefits card, which simplified the process for employees to pay for eligible medical expenses. In 2010, Evolution Benefits was acquired by Lighthouse Insurance Group. The combined entity later rebranded and now operates as Clarity Benefit Solutions, continuing to offer and expand upon the original technology and services.

Industry

Financial Other ServicePRIMARY
Financial Insurance
Technology Software Development

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Evolution Benefits

United States

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.