U.S. Health Benefit Accounts: Account Spending Is on the Rise
Report Summary
U.S. Health Benefit Accounts: Account Spending Is on the Rise
Legislators and industry players are pushing health benefit accounts down-market.
Boston, March 29, 2017 – The outlook for the health benefit account industry is strong. Vendors are seeing vibrant account growth across health savings account portfolios, and a renaissance is brewing across health reimbursement arrangements and flexible spending accounts. In this unusual period of regulatory clarity, vendors experience a sales environment ripe with opportunity, attracting new clients and, more so, increasing employee participation across employers already using these products. If successful in the latter, will vendors finally experience the hockey stick growth narrative they have been waiting to play out?
This report sizes the health benefit account market across FSA spend, HSA spend, and HRA spend, account payments volume, and total payment transactions. This analysis is based on Q4 2016 Aite Group interviews with 34 account benefit executives comprising accounts administrators, benefits administrators, health insurers, HSA custodians, payment networks and processors, and third-party plan administrators.
This 33-page Impact Report contains 31 figures and one table. Clients of Aite Group’s Health Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions ADP, Assurant, Bank of America, Health Equity, JP Morgan, Optum, SelectAccount, UMB, U.S. Bank, WageWorks, and Wells Fargo.