Oak Brook, IL, –  August 2026 — First Dollar announced today that it was selected by COBRA Allies, a leading provider of COBRA administration services, to deliver an integrated, white-labeled benefits solution for COBRA Allies clients.
With First Dollar’s Health Wallet Platform, COBRA Allies will offer health savings accounts (HSAs), flexible spending accounts (FSAs), limited purpose FSAs, dependent care FSAs, health reimbursement arrangements (HRAs), lifestyle spending accounts (LSAs), and commuter transit and parking benefits, all under the COBRA Allies name. The Health Wallet Platform also allows COBRA Allies the ability to white label offerings, a valuable enhancement to the existing COBRA services.
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First Dollar recently joined Inspira Financial, a leader in health, wealth, retirement, and benefits solutions with more than $62 billion in assets under custody. COBRA Allies clients will now have access to First Dollar’s technology along with Inspira Financial’s scale and experience.
COBRA Allies expects to make the new accounts available to clients later this year. Â
About COBRA Allies
COBRA Allies, based in Syracuse, New York, helps brokers, employers, and HR teams manage COBRA administration and compliance, including premium billing, Section 125 plan documents, ERISA Wrap documents and Form 5500 filings. The company works as an extension of its clients’ teams, taking on the administrative work and compliance risk that comes with COBRA. Â
About First Dollar
First Dollar, an Inspira Financial Solution, is a technology company that builds flexible infrastructure for health spending benefits. Innovative organizations, from banks to payroll providers, use First Dollar’s suite of software tools and APIs to launch and manage lifestyle benefits, pre-tax accounts (FSAs, HRAs, HSAs), rewards programs, and supplemental benefits. First Dollar’s Benefit Suite includes the Health Wallet for members, the Health Wallet Manager for administrators, and the Health Wallet Platform for partners.
About Inspira Financial
Inspira Financial provides health, wealth, retirement, and benefits solutions that strengthen and simplify the health and wealth journey. With more than 8 million individual and institutional clients holding over $62 billion in assets under custody, Inspira works with thousands of employers, plan sponsors, recordkeepers, TPAs, and other institutional partners, helping the people they care about plan, save, and invest for a brighter future. For over 20 years, Inspira has continued to pursue better outcomes for all with our automatic rollover services, health savings accounts, custody services, and more. Follow us on LinkedIn to get the latest news.
