Alegeus Launches AI-driven HSA Plans to Deliver A Smarter Healthcare Funding Experience

Alegeus, a market leader in consumer-driven health accounts announced this week the launch of their new Smart HSA platform initiative that can help plan participants identify potential cost savings and untapped plan benefits based on past usage. The platform, which has just begun its first series of pilot tests, will feature machine learning and artificial intelligence to transform the healthcare funding market in ways that have never been seen before that deliver a simpler, smarter healthcare funding experience and better results.

Intuitive, Personalized, Self-guided HSA Experience 

The initiative will enhance the Alegeus platform with broader support for the benefits lifecycle – offering all stakeholders the value of having everything in one place, in real time. It will incorporate advanced technologies to identify value-add opportunities and to deliver more personalized experiences. Self-guiding tools will take the guesswork out of healthcare funding decisions, and it will all be wrapped in a simple, intuitive user experience that is easy to understand and navigate.

The first component of this initiative, which is currently being piloted by a select number of clients, is an enhanced employer portal. The new portal will offer a simplified, easy-to-navigate design that helps the employer focus on the metrics that are most impactful to their bottom line, including the capture of premium and tax savings.

The portal will give employers context to benchmark their performance against peers via a CDH Health Score that quantifies the financial impact of a program not being fully optimized and provides a clear course of action to capitalize on incremental opportunities. The portal will include access to turnkey employee communications and marketing support that make it easy for employers’ already-busy HR staff to execute.

“Companies that succeed over the long term continually reinvent themselves to stay relevant, and Alegeus is no exception,” said Steven Auerbach, Alegeus CEO. “We believe that the consumer-directed healthcare market is at an inflection point. As their financial responsibility for healthcare grows, consumers and employers will no longer tolerate poor experiences, making this market ripe for disruption. Thanks to our data and scale, we believe Alegeus is in the best possible position to drive this market disruption with a focused innovation agenda that truly reinvents the consumer healthcare funding experience.”

To date, over 350 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 30 million members and process more than $9.1 billion in consumer healthcare payments annually.