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ASI™

Third-party administrator of employer-sponsored pre-tax benefit programs, serving state, local government, and private sector employers nationwide since 1983.

Specialty Solutions Established Bootstrapped
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Overview

ASIFlex (Application Software, Inc.) is a third-party administrator (TPA) of employer-sponsored pre-tax benefit programs founded in 1983 and headquartered in Columbia, Missouri. With over 40 years in operation, the company administers flexible spending accounts (FSA), health reimbursement arrangements (HRA), health savings accounts (HSA), lifestyle spending accounts (LSA), commuter benefits, and COBRA continuation coverage for more than 400 employer clients across the United States.

ASIFlex specializes in serving the public sector, including state, county, city, and local government entities, as well as colleges and universities and private-sector employers of all sizes. The company provides participants with a self-service mobile app and online portal, alongside employer-facing administration tools and broker support resources.

Products & Services

Health Care FSA

Pre-tax flexible spending account for eligible medical, dental, and vision expenses. Participants receive a VISA debit card and can submit claims electronically via the app or portal.

Key Features

  • VISA debit card for point-of-sale purchases
  • Electronic claim submission
  • FSA Store integration for eligible purchases
  • Direct pay to healthcare providers

Target Users: Employees enrolled in employer FSA programs

Dependent Care FSA

Pre-tax account for qualifying childcare and dependent-care expenses.

Key Features

  • Electronic claim filing
  • Direct pay to day care providers
  • Email and SMS reimbursement notifications

Target Users: Employees with children or other qualifying dependents

Health Reimbursement Arrangement (HRA)

Employer-funded reimbursement plan configurable for a range of eligible expenses.

Key Features

  • Flexible plan design for employers
  • Integrated debit card option
  • Online employer administration portal

Target Users: Employers seeking defined-contribution health benefits

Health Savings Account (HSA)

Tax-advantaged savings and spending account for employees enrolled in high-deductible health plans.

Key Features

  • Investment options
  • Debit card access
  • Online balance and transaction management

Target Users: HDHP enrollees

Lifestyle Spending Account (LSA)

Employer-funded wellness spending account for expenses beyond traditional medical coverage (fitness, wellness, professional development, etc.).

Target Users: Employers offering expanded wellness benefits

Commuter Benefit Program

Pre-tax transit and parking benefits for eligible commuting expenses.

Target Users: Employees in metro areas with qualifying commute expenses

ASI COBRA

COBRA and direct/retiree billing administration, including notifications, premium collection, and carrier reporting.

Target Users: Employers managing COBRA obligations

At a Glance

Founded
1983
Headquarters
Columbia, Missouri, USA
Employees
11-50
Funding
Bootstrapped

Category & Focus

Category
Specialty Solutions
Subcategories
Benefits Administration FSA/HSA/HRA Administration COBRA Administration Commuter Benefits
Insurance Verticals
Health Group Benefits
Target Customers
Employers, Brokers, TPAs

Customers

  • State of Missouri
  • State of Delaware
  • State of Indiana
  • State of Maine
  • State of Rhode Island
  • South Carolina PEBA (contract renewed through 2026-2030)
  • Albuquerque Public Schools

Links

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Last updated: 2026-04-09