Overview

Coverflex is a digital compensation platform that bundles flexible benefits, meal cards and insurance into a single Wallet and management interface. Employers can allocate and configure benefits, migrate or offer health insurance, and issue a Visa-network card and app for employees to pay or reimburse healthcare and other eligible expenses — with tax optimisation benefits built into the flow. The service is fully self-service and focuses on reducing paperwork and increasing employee choice and engagement.

Features and Capabilities

• Platform & Wallet: The Wallet centralises benefits (meal allowance, childcare, gym, education, discounts) and lets employees view balances and spend via app or card; employers top up and configure rules.
• Insurance Management: Integration of health insurance into the Wallet — companies can migrate existing policies or create new group covers and manage policies in the Insurance tab (policy docs, insured amounts, family additions).
• Card & Payments: Physical and virtual cards on the Visa/Mastercard network for contactless/online payments; usable for meals, pharmacy, clinics and other covered expenses.
• Tax optimisation: Benefit design that leverages local tax exemptions (IRS / Social Security) to increase employee net compensation and reduce employer costs where applicable.
• Employee experience: Mobile app and digital card for on-the-go management, reimbursements, and access to exclusive discounts and partner networks.
• Admin & onboarding: HR/Finance tools to onboard employees, configure benefit rules and generate payroll-friendly reports for accounting and compliance.
• Provider & ecosystem connectivity: Aggregates multiple benefit and insurer partners so companies can offer choice without managing separate vendor relationships.
• Branding & communications: Brand assets, photography guidelines and a consistent creative system (used across product pages and marketing) to keep employee communications clear and on-brand.