2020 Tax Deadline and HSA Contribution Deadline Extended to July 15

In response to the ongoing COVID-19 (coronavirus) pandemic, Congress and the Internal Revenue Service (IRS) have taken some key steps to ease specific concerns about taxes and healthcare benefits. Learn more about the 2020 tax deadline extension, HSA contribution extension, and HDHP updates for coronavirus treatments. 2020 Tax Deadline Extended by 3 Months The IRS … More >>

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How to Spur HSA Adoption and Ease the Financial Worries of Employees

How to Spur HSA Adoption: Insights and Strategies – A New Whitepaper from DataPath

New DataPath whitepaper examines how third party administrators can spur HSA adoption and remedy the financial fears of employees LITTLE ROCK, ARKANSAS (March 10, 2020) – DataPath, Inc., a leading technology solutions provider for consumer directed healthcare benefits administration, has published a whitepaper titled, “How to Spur HSA Adoption and Ease the Financial Worries of … More >>

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Taxes and HSAs – What You Need To Know

On Friday, March 20, the Treasury Secretary announced the 2020 tax filing deadline was extended from April 15 to July 15. It’s everyone’s “favorite” time of the year – tax season! If you’re wondering how to handle your HSA expenses at tax time, we’ve got the information you need about taxes, HSA tax forms, and … More >>

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HRA Plans, qualified expenses and taxes

HRA Plans: Account Types, Qualified Expenses, Taxes, and More

Health Reimbursement Arrangements (HRAs) are employer-sponsored benefit plans that allow employees to withdraw tax-free money to pay for qualified medical expenses. Unlike other types of employer-sponsored healthcare benefits, the employer owns the HRA and completely funds it; employees do not make contributions. If your employer offers an HRA, here are some important things to know about the accounts.

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Why COBRA Compliance is Important for Businesses

From an administrative standpoint, COBRA can be one of the more complex aspects of offering healthcare benefits. Complying with all the COBRA regulations is a time-consuming and often confusing task. Furthermore, businesses that fail to comply with COBRA requirements put themselves at risk of legal issues and financial penalties. Learn more about the importance of … More >>

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Cadillac Tax repealed by Congress; approved by President Trump

Cadillac Tax Repealed, PCORI Extended Under New Spending Bill

In a new spending bill approved last week, the controversial Cadillac Tax has been permanently repealed. On December 17, 2019, the House of Representatives passed an appropriations bill that approved federal funding for 2020, repealed the Cadillac Tax, and extended PCORI, among other things. The Senate approved two days later, and then on Friday, December … More >>

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TPA Growth is Linked to Addressing Gaps in Benefits Education – New DataPath Whitepaper

LITTLE ROCK, ARKANSAS (December 12, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, announced today the release of a whitepaper titled, “Addressing Education Gaps is Key to TPA Growth.” In the whitepaper, DataPath summarizes findings from a survey they conducted in August 2019 that focuses on employees and their … More >>

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Qualified HDHPs, Embedded Deductibles, and Your HSA

In the healthcare world, a deductible is the amount consumers must pay out-of-pocket before their health insurance coverage begins paying for covered medical services. That’s why, assuming your plan offers choices, selecting the right deductible amount is an important decision. If you own a Health Savings Account (HSA), it’s vital that you know the impact … More >>

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How Much Should I Contribute To My HSA?

During enrollment season, people who own a Health Savings Account (HSA), or have recently opened one, wonder, “How much should I contribute to my HSA?” HSAs are a unique tax-advantaged tool for healthcare consumers to pay for qualified healthcare expenses. Understanding how funding works with this account is key to answering the contribution question. HSA … More >>

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DCAP or Dependent Care FSA

Dependent Care Assistance Plan (DCAP): Is it Right For You?

As working parents know: childcare is expensive! Whether the kids are in daycare, before or after school care, day camps, or other care, it can put a big dent in your wallet. Costs can range from $199 – $596 per week, depending on who cares for your child. While most people think about getting healthcare … More >>

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2020 FSA Contribution Limits Raised to $2,750

The IRS announced on November 6, 2019, contribution limits for Flexible Spending Accounts (FSAs) and other tax-advantaged benefits will go up next year. Learn more about 2020 FSA contribution limits below. 2020 FSA Contribution Limits According to the IRS, the 2020 FSA contribution limits have been increased by $50. Next year, those who participate in … More >>

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2019 MarCom Award

2019 MarCom Awards: DataPath Wins Gold for Captain Contributor HRA Video

DataPath employee engagement program earns gold award for HRA video LITTLE ROCK, ARKANSAS (November 7, 2019) – DataPath, Inc., a leading technology solutions provider in the employer-sponsored benefits industry, announced today that its employee education and engagement program, The Adventures of Captain Contributor, has received a 2019 Marcom Gold Award. The technology firm was cited … More >>

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Commuter Benefits

Commuter Benefits – Tax Savings, Expenses, Advantages, and More

For most people, the transportation costs associated with getting to and from work aren’t in the same ballpark as healthcare costs. Yet, fuel costs, vehicle maintenance, parking fees, transit fares, and other associated expenditures can still add up to a sizeable expense for many. To ease this financial burden for America’s workers, the IRS created … More >>

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8 Questions To Ask Your Employees When Building Benefits Plans

An employee benefits package is a vital tool for companies to attract and retain talented employees. It can also improve workforce health and engagement. But with four generations of people in today’s labor force, putting together a well-crafted plan that meets the needs of all employees can be a challenge. Baby Boomers nearing retirement have … More >>

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