Boston, November 20, 2013 – As health benefit account products square off for market share post-ACA, public exchanges aim to grow individual direct purchases, and private enterprise is stepping in with its own offerings. If either or both succeed, HSAs will grow to the tune of 21% CAGR through 2017, total healthcare account distributions will skyrocket to US$71.0 billion by 2018, and the healthcare prepaid debit card market will blast off, providing a happy ending for a prepaid card industry wondering whether this market will ever launch. But how can stakeholders make HSA revenue models more attractive to third-party plan administrators?
Based on Q3 2013 Aite Group interviews with account custodians, benefit account vendors, banks, payment networks, third-party plan administrators, commercial health plans, and industry associations executives, this report by senior analyst Michael Trilli sizes the health benefit account market, anticipating growth in payment metrics for accounts, account distributions, payment distributions, and healthcare debit cards. It also factors in recent changes to the regulatory environment that will impact healthcare spending accounts through 2017.
This 44-page Impact Report contains 45 figures. Clients of Aite Group's Health Insurance service can download the report.