ConnectedHealth, a major online health benefits shopping platform, plans to redevelop its online portal to add financial accounts, including health savings accounts, health care reimbursement accounts and flexible savings accounts.
The company announced in a statement Wednesday that it would accomplish that goal by partnering with Acclaris, a major Software-as-a-Service (SaaS) firm that contracts with major insurers and other businesses to administer health care plans.
"By partnering with Acclaris, we can offer our customers a wider variety of health savings and reimbursement plan options, which further strengthens our comprehensive offering and ensures that consumers shopping on our platform have access to the best programs and tools to help improve their health and financial security," said Joe Donlan, president of ConnectedHealth, in a statement.
Recommended For You
The companies did not disclose the costs of the operation or the timeline for implementation of the new solution.
ConnectedHealth has touted its platform as a way for employers to get workers more engaged in their health care by offering them an easy way to customize the design of their benefits package based on the services they want and what they want to pay in premiums and out-of-pocket.
Acclaris was purchased for $140 million nearly a year ago by Towers Watson, the international professional services giant. The following month, Towers Watson was itself purchased for $8.7 billion by Willis Group Holdings, resulting in Willis Towers Watson.
The growth of both companies and their new partnership is one of many indications that health care decisions are increasingly being shifted from employers to employees, similar to how defined benefit pensions have largely given way to 401(k) plans in the last quarter century.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
