Inspira Financial
Inspira Financial, formed in 2024 through the rebrand of Millennium Trust and PayFlex, is a leading provider of integrated health, wealth, retirement, and benefits solutions designed to simplify and strengthen the financial wellness journey. Serving over 8 million clients and safeguarding more than $63 billion in assets, Inspira delivers technology-enabled services ranging from self-directed IRAs, HSAs, FSAs, HRAs, and COBRA administration to alternative asset custody and commuter benefits. Partnering with thousands of employers, plan sponsors, recordkeepers, TPAs, and institutional organizations, the company offers diversified, purpose-driven solutions that foster better outcomes for individuals and institutions alike.
Associated People
2012 - present
2016 - present
2022 - present
2019 - 2024
ABOUT INSPIRA FINANCIAL
Inspira Financial is a leading technology-enabled administrator of health, wealth, retirement, and benefits solutions.
Founded in 2000 with a focus on individual retirement account custody and administration, the company has grown into a comprehensive financial wellness platform through strategic acquisitions and innovative product expansion.
In 2024, Millennium Trust Company and PayFlex united under the Inspira Financial brand, strengthening its mission to be the trusted partner for integrated health, wealth, and retirement services.
INSPIRA CORE SOLUTIONS
Retirement and Wealth Services
Inspira offers self-directed IRAs, 1031 exchanges, automatic rollovers, institutional custodial services, and alternative assets, supporting both individuals and institutions with flexible retirement planning and asset management.
Health and Benefits Administration
The company delivers comprehensive consumer-directed health accounts, including HSAs, FSAs, HRAs, emergency savings funds, commuter benefits, COBRA administration, and wellness spending accounts.
Technology-Driven Platform & Support
Inspira employs an intuitive online portal and mobile experience, backed by personalized service, AI-driven tools like InspiraBot, and extensive educational resources to guide both employers and account holders.
Institutional Partnerships
The company serves thousands of employers, plan sponsors, recordkeepers, TPAs, and financial advisors, helping these partners deliver robust financial wellness and benefits solutions to over 7–8 million clients with $62–63 billion in assets under custody.