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WageWorks Appoints Bruce Bodaken to Board of Directors

SAN MATEO, CA – November 8, 2005 –WageWorks®, the leader in consumer health spending management, announced today the appointment of Bruce Bodaken to its board of directors.

Mr. Bodaken brings significant health care industry expertise to WageWorks as the company continues to expand its leadership in health care spending management. He currently serves as chairman, president and CEO of Blue Shield of California. During his five-year tenure as CEO, Blue Shield of California has been the fastest growing health plan in the state, with membership more than doubling and revenue increasing from $3 billion to nearly $7 billion.

Mr. Bodaken serves on the boards of the California Business Roundtable, America's Health Insurance Plans, and the University of California, Berkeley's Health Services Management Program. He is also a member of the UCSF School of Pharmacy Dean's Board of Advisors.

"WageWorks is positioned for significant continued growth in the health care market," says Bodaken. "As employers and individuals continue to seek ways to more effectively manage health care costs, WageWorks has focused on providing products, services and tools that significantly enhance the administration of health care spending accounts."

"The tremendous health care knowledge and experience that Bruce brings will play a key role in WageWorks' continued growth," says Scott Halstead, CEO of WageWorks. "We are pleased that an individual with such outstanding credentials has chosen to be a part of shaping our future."

About WageWorks
WageWorks, Inc. is the leading provider of consumer-driven tax-advantaged spending accounts for health and dependent care, and commuting. Products include flexible spending (FSA), health reimbursement (HRA), health savings (HSA), COBRA and commuter accounts. WageWorks is the only company to deliver a completely integrated spending account solution. It offers products on a single platform with built-in debit cards for health care and convenient account management tools such as electronic-bill payment, cash reimbursement and transit-pass home-delivery services. This reduces the cost of plan administration, while maximizing plan participation and value for employees.

WageWorks is headquartered in San Mateo, California, with offices in Chicago, Mequon, WI, New York, Phoenix, Troy, Michigan and Washington D.C. For more information, please visit the web site at www.wageworks.com, email WageWorks at info@wageworks.com, or call 866-602-3887 .

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