HSA and FSA administrators · November 2026 Edition
WEX Health vs Forma
Two of fourteen models named WEX Health first on the direct prompt; three named Forma. WEX Health was named by ten of the fourteen models and Forma by ten and WEX Health carries 24 labels and Forma 20, so the shares are not directly comparable.
Named in one category this edition.
Named in three categories this edition.
First-choice share9%7%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate8%5%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#4#6A position in a field of 14; printed, not drawn.
Labels2420A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, WEX Health reading right to left. Rank and label count are printed, not drawn.HealthEquity was named alongside these two in eleven of the fourteen direct answers. Lively vs WEX Health · Lively vs Forma · HealthEquity vs WEX Health
Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category; every quote names the model and the prompt it came from. Both figures come from the HSA and FSA administrators page.
By framing
How many of the fourteen models made each the first choice, per way of asking, and how many argued against it.
WEX HealthFirst choices, of fourteen modelsForma
Direct231 against Forma
Paraphrase31
Comparative10
Budget-constrained00
Scale-constrained00
Negative012 against WEX Health
Bars are first choices, 0 to 14 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to fourteen.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where WEX Health and Forma stood in it.
| Model | Direct | Paraphrase | Comparative | Budget-constrained | Scale-constrained | Negative |
|---|---|---|---|---|---|---|
| Claude Haiku 4.5 | | |||||
| GPT-5.4 mini | ||||||
| Gemini 3.5 Flash | | |||||
| Perplexity Sonar | | |||||
| Grok 4.20 | | | | | ||
| Mistral Small | | | ||||
| DeepSeek V4 Flash | | | | |||
| Llama 4 Maverick | | |||||
| Qwen 3.7 Flash | | | ||||
| Kimi K2 | | | | |||
| GLM 4.7 FlashX | | | | |||
| MiniMax M2.5 | | |||||
| GPT-6 Luna | ||||||
| Muse Glimmer 30B | | | |
WEX Health Forma first choice named as an alternative argued againstblank: not namedEach cell is one answer, WEX Health on the left and Forma on the right.The direct prompt
The plain question, one answer per model, grouped by where WEX Health and Forma stood in it.
Both were the first choice
1 of 14 modelsThe answer named them together, and the judge labeled each a first choice.Mistral SmallForma, HealthEquity, WEX Health
WEX Health first, Forma not the choice
1 of 14 modelsForma was named in the answer but not as the choice, or not at all.MiniMax M2.5Businessolver, HealthEquity, WEX Health alternatives: Fidelity HSA, HSA Bank
Forma first, WEX Health an alternative
2 of 14 modelsWEX Health was named in the answer but not as the choice, or not at all.DeepSeek V4 FlashForma, HealthEquity alternatives: Businessolver, Fidelity HSA, HSA Bank, Navia Benefit Solutions, WEX Benefits
Muse Glimmer 30BForma, HealthEquity alternatives: Businessolver, Fidelity HSA, WEX Health
Neither was the first choice, one was named
2 of 14 modelsThe answer put something else first and named one of the two as an alternative.Grok 4.20HealthEquity alternatives: Businessolver, Navia Benefit Solutions, WEX Health
GLM 4.7 FlashXFidelity HSA, HealthEquity alternatives: Forma, HSA Bank, WEX Health
Neither was named
8 of 14 modelsThe answer made no first choice from these two in this category.Claude Haiku 4.5no first choice
GPT-5.4 miniFidelity HSA alternatives: Paychex, WEX Benefits
Gemini 3.5 FlashLively alternatives: Fidelity HSA, HealthEquity, WEX Benefits
Perplexity SonarHealthEquity alternatives: Businessolver, WEX Benefits
Llama 4 Maverickno first choice
Qwen 3.7 FlashHealthEquity alternatives: Fidelity HSA, Navia Benefit Solutions
Kimi K2Lively alternatives: Fidelity HSA, HealthEquity, Navia Benefit Solutions, WEX Benefits
GPT-6 LunaWEX Benefits alternatives: HealthEquity
Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.
By buyer segment
The same question asked on behalf of a different buyer. Each standing is computed within its segment and they are never added together. The figures above are the mid-market standing, which is the one the category orders by.
Small business
Mid-marketThe figures above
The order flips: WEX Health leads at mid-market.
WEX Health9%#4 of 14Forma7%#6 of 14Enterprise
The order flips: Forma leads at enterprise.
Forma9%#3 of 13WEX Health0%#10 of 13What the models said about WEX Health
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Five of six in this category shown.
“WEX for HSA or FSA management is complete trash, avoid at all costs” Kimi K2 · negative prompt · hard negative
“Strong Reddit consensus to "avoid at all costs."” Grok 4.20 · negative prompt · hard negative
“WEX Health (or its parent WEX Benefits platform) stands out as my top recommendation for a mid-sized B2B company.” Grok 4.20 · paraphrase prompt · first choice
“Forma, HealthEquity, and WEX Health are the strongest contenders due to their scalability” Mistral Small · direct prompt · first choice
“I'd recommend getting quotes from at least HealthEquity, WEX Health, and Businessolver” MiniMax M2.5 · direct prompt · first choice
What the models said about Forma
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Three of three in this category shown.
“Emerging for flexible spending (including lifestyle accounts) but less traditional for core HSA/FSA” Grok 4.20 · direct prompt · soft negative
“If you want a unified, modern experience with HSAs, FSAs, LSAs and HRAs on one platform, Forma is the most frequently promoted option in 2026-2027 vendor lists.” Muse Glimmer 30B · direct prompt · first choice
“Forma is highlighted for its first-dollar ETF investing and human support, making it a strong choice for mid-market companies looking for a unified solution.” Mistral Small · direct prompt · first choice
Also compared
Lively vs WEX HealthLively vs FormaHealthEquity vs WEX HealthHealthEquity vs FormaWEX Benefits vs WEX HealthWEX Benefits vs FormaWEX Health vs Fidelity HSAWEX Health vs Navia Benefit SolutionsWEX Health vs BusinessolverFidelity HSA vs FormaForma vs Navia Benefit SolutionsForma vs BusinessolverAll twenty-eight head-to-head pages and the full HSA & FSA admin standing
Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.