Forma vs. Benepass

Companies spend millions annually on employee benefits that employees neither value nor regularly use. Founded in 2017, Forma set out to build a better model by challenging traditional one-size-fits-all approaches. Forma’s flexible benefits software helps companies offer competitive benefits packages while reducing costs and inefficiencies, by giving employees more choice and flexibility in how they spend their benefit allowances. The platform also saves HR professionals countless hours managing and supporting various point solutions.

Benepass is a flexible benefits platform that allows employers to distribute personalized benefits and Lifestyle Spending Accounts to every employee globally. With one card, employees can spend their pre-tax and post-tax benefit dollars at vendors and merchants within their company’s policy that fit their unique wants and needs. We administer HSAs, FSAs, Wellness Benefits, Family Benefits, WFH Benefits, Food Benefits, Lifestyle Spending Accounts, and customized benefits. Leadership teams have access to an admin dashboard to track employee engagement.