HBA Market Forecast: A Close-Up on FSAs, HRAs, ICHRAs, and COBRA

Benefits will be part of the turn-around story for small and midsize businesses on the brink of shutting down.

Boston, October 21, 2020 – The COVID-19 pandemic has replaced the upward trend that employment levels and health benefit accounts enrollments in the U.S. have enjoyed over the past decade. Economic uncertainty is the new order for 2020 and beyond. Economic uncertainty, layoffs, and an economic recession have immediate, mid-term, and long-term implications on employers, and, in turn, on HBAs. What steps can health plans, health benefit providers, technology platforms, and third-party administrators take to prepare for an uncertain future?

This report provides guidance for health plans, health benefit providers, technology platforms, and TPAs on what is in store for HBAs through 2022. It is based on Q2 and Q3 2020 Aite Group interviews across the U.S. with 58 executives across industry players from health plans, payments processors, technology platform providers, bank and nonbank custodians, and TPAs; Aite Group interviews with 25 U.S.-based human resources managers and health benefit brokers in April 2020; and an Aite Group survey of 303 U.S.-based employer benefit decision-makers across the U.S., conducted in 2019.

This 34-page Impact Report contains 22 figures and two tables. Clients of Aite Group’s Health Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Alegeus, Amazon, Apple Pay, BASIC Online, Benefit Resource, Centers for Medicare & Medicaid Services, Discovery Benefits, FSA Store, Google Pay, HealthEquity, Internal Revenue Service, WEX Health, Samsung Pay, TASC, and WageWorks.

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