TASC and Concepts in Benefits, Inc. have joined forces to provide innovative and sustainable solutions for reshaping health benefits financing in America.
Madison, WI (August 29,2014) – TASC (Total Administrative Services Corporation), a provider of tax-advantaged medical and other benefits account management services, announces that Concepts in Benefits, Inc. (CBI) has become a Division of TASC.
Founded in 1988 and located in Bedford, New Hampshire, CBI entered the FSA marketplace in 1999. Their team of one part-time and eight full-time employees provides administrative services for over 450 Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA) and COBRA administration plans primarily in the northeast United States.
“An integral aspect of TASC’s growth strategy is to identify and acquire high growth high value solutions for customers. CBI’s solutions fit this criterion perfectly. We are very excited to add CBI to the TASC family of businesses and to be able to offer their solutions to our customer-base,” said Dan Rashke, TASC CEO.
Bryan Murphy, President of CBI made it quite clear why they choose to merge with TASC. “We had several merger options with both local and national Third-Party Administrators (TPAs). After careful scrutiny and due diligence, it was clear that TASC was the most aligned with CBI in mission and culture. It was our desire to partner with a TPA who emphasized Client and customer service, who maintained a corporate culture with a moral compass, and who cares deeply about its employees,” says Murphy. “In addition, TASC’s aggressive use of technology was an extension of the path on which we had already embarked. We are proud to be a part of an industry-leading organization and we are excited to introduce them to our broker partners and Clients.”
