Boston, September 11, 2019 –Tax-advantaged health benefit accounts have become an essential part of employers’ and employees’ efforts to mitigate healthcare expenses in the U.S. Moving into 2020, the tides of high growth that have been the hallmark of these accounts continue, albeit at slightly tempered rates. Given the slower anticipated growth compared to past years’ projections, how much time do technology vendors and benefits administrators have to continue to capture the growth and momentum in health savings accounts?
This report provides a market forecast and outlook for the consumer-driven health market, sizing tax-advantaged health benefit accounts, estimating account growth and payment volume, and exploring modes of payment and the factors driving or slowing this growth. It is based on Q2 2019 Aite Group interviews with 52 individuals across industry players, including financial advisors, banks, third-party administrators, health plans, payments processors, and technology platform providers.
This 34-page Impact Report contains 25 figures and three tables. Clients of Aite Group’s Health Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Bank of America Merrill Lynch, Fidelity, HealthEquity, HSA Bank, Optum, and UMB Bank.