Report

Health Savings Accounts Market Forecast: Resetting Expectations

The COVID-19 pandemic and ensuing wave of regulations have hit the reset button on U.S. health benefit accounts.
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Boston, September 17, 2020 –The COVID-19 pandemic has replaced the upward trend that employment levels and health benefit account enrollments have enjoyed over the past decade. Economic uncertainty, layoffs, and an economic recession have immediate mid- and long-term implications on employers and, in turn, on health benefit accounts. As employers embark on this uncertain journey, this report provides guidance for HSA providers, bank and nonbank custodians, TPAs, and technology platforms interested in the market forecast for 2022.

This report is based on Q2 and Q3 2020 Aite Group interviews with 58 executives in the United States, across industry players from health plans, payments processors, technology platform providers, bank and nonbank custodians, and TPAs who hold roles in senior management, marketing, customer relations, strategy, and development.

This 39-page Impact Report contains 23 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 Amino, Bank of America, BASIC, Bend Financial, Empower, Benefit Resources (BRI), Fidelity, Fifth Third, Healthcare Marketplace, HSA Bank, HSA Store, HealthEquity, HealthSavings Administrators, HealthSherpa, HealthyHive, Jellyvision, MassMutual, MyHealthMath, MyMedicalShopper, Picwell, Starship, Sterling Administrators, and UMB Bank.

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