HRAs and FSAs: Tapping U.S. Consumer Potential
Report Summary
HRAs and FSAs: Tapping U.S. Consumer Potential
To maximize the HRA/FSA opportunity, market players must contemplate complements.
Boston, September 10, 2015 – Health reimbursement arrangements (HRAs) and flexible spending accounts (FSAs) are uniquely fit for consumer-driven healthcare, and they represent a true opportunity, with HRAs hitting 19 million accounts by year-end 2018 and FSA fee revenue simultaneously increasing to US$850.5 million. But how can market players regain the mass-market appeal they require? The answer is in complementary repackaging.
Based on Q2 2015 Aite Group interviews with 29 leading U.S. account benefit stakeholders, this research sizes the health benefit account market across HRA and FSA account members and forecasts revenue, account spend, debit card issuance and spend, and transaction volume. It is the second in a two-part series on healthcare benefit account trends, find the first here.
This 31-page Impact Report contains 30 figures. Clients of Aite Group’s Health Insurance service can download this report.