Leading Indicators for 2023 Open Enrollment: The Great Resignation Ups the Ante in Benefits

Employers are exploring health benefits, notional account adoption, and market growth for 2023.  

November 1, 2022 – The Great Resignation is now pronounced in the same sentence as a potential recession or economic slowdown, creating conflicting sentiments. The former requires more aggressive measures to retain talent, but the latter implies more careful and tempered action regarding benefits. In preparation for 2023 open enrollment—in the thick of a tricky economic environment, unsettled sentiments around returning to work, and inflation—what headwinds, tailwinds, and barriers should industry stakeholders expect to impact HDHP, HSA, FSA, or other account adoption?

This report provides a snapshot of top-of-mind questions from health benefit account providers, particularly bank and nonbank custodians, technology platforms, TPAs, and benefit brokers. It draws from client inquiries and industry conversations that Aite-Novarica Group’s Healthcare Payments Practice received throughout Q1, Q2, and Q3 2022.

This 24-page Impact Report contains one figure and two tables. Clients of Aite-Novarica Group’s Healthcare Payments service can download this report and the corresponding charts.

This report mentions Benefit Resource, Further, HealthEquity, and North Coast Administrators.

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