Acclaris, a vendor of administrative services for HSAs, HRAs and similar health plan-linked accounts, released a survey of 650 professionals working with such accounts. (Acclaris Survey) Almost all respondents said they offer one or more of these plans and that they were important to their business and they intended to grow them. TPAs and other vendors of services related to these account-based plans have begun making them available to smaller employers, so more and more consumers are exposed to them. The biggest frustration respondents expressed in regard tot he plans was the difficulty in educating consumers on how they work. As a larger percentage of Americans are covered by high-deductible plans, and only 11% actually meet that deductible, their primary interaction may be with the account administrator. For example, for HSAs, the average member had almost 12 transactions a year with an average amount of $1572. Other concerns include data integration and regulatory compliance. For those employers and plans using outside vendors, the most important factors in selection are service quality, security and compliance capabilities. Another obvious need is full integration with the actual health plan administration and the ability to present unified data and analysis.
✅ Subscribe via Email
About this Blog
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].
Healthy Skeptic Podcast
This is an outstanding report on total global drug spending and trends, with projections out to 2025. It helps you understand this important area of health care, which does much...
June 1, 2021
MedPAC 2019 Report to Congress
June 18, 2019
Mental health company Headway makes, well, headway, by raising an impressive $125 million round of new capital. The company connects patients with mental health providers and facilitates providers working with...
October 11, 2023
Two health care firms owned by private equity firms are merging in a transaction supposedly valued at $3 billion. HealthComp administers self-funded plans for employers and other groups and Virgin...
September 27, 2023
NextGen, an electronic medical records firm, is being put out of its public company misery, as a PE firm will pay $1.6 billion for the one-time high-flier.
September 7, 2023
Access ACO Care Management Chronic Disease Comparative Effectiveness Consumer Directed Health Consumers Devices Disease Management Drugs EHRs Elder Care End-of-Life Care FDA Financings Genomics Government Health Care Costs Health Care Quality Health Care Reform Health Insurance Health Insurance Exchange HIT HomeCare Hospital Hospital Readmissions Legislation M&A Malpractice Meaningful Use Medicaid Medical Care Medicare Medicare Advantage Mobile Pay For Performance Pharmaceutical Physicians Providers Regulation Repealing Reform Telehealth Telemedicine Wellness and Prevention Workplace