For people enrolled in a high-deductible health plan (HDHP) and have (or are considering) an HSA, some commonly asked questions include “Does Medicare Enrollment Impact My HSA Eligibility?” Here are the answers to this question and others.
The Internal Revenue Service (IRS) published Rev. Proc. 2020-45, announcing annual limits for Flexible Spending Account (FSA) contributions, maximum carryover amounts, and Transportation benefit (Transit/Commuter/Parking) contribution limits. FSA, LPFSA, and related limits for 2021 will remain the same as they are for 2020. Learn more about 2021 FSA contribution limits and other updates below. 2021 … More >>
Opening a Health Savings Account (HSA) can be a great investment in one’s personal healthcare and financial future. Owned by the participant (rather than the employer), an HSA is a versatile healthcare spending and savings account that can be used for many expenses. Since they can keep the account for life, HSA owners need to … More >>
Since the COVID-19 outbreak began in the United States, more than 60 million Americans have filed for unemployment. A recent report by the U.S. Department of Labor (DOL) suggests that companies are still cutting a high number of jobs and in recent weeks, a large wave of new layoffs have been announced. The airline industry … More >>
Most healthcare consumers know about Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). These popular healthcare benefit accounts allow individuals and families to cover out-of-pocket healthcare costs by setting aside money before taxes are taken out. There are rules about account eligibility, contribution limits, and more. Plus, the funds must be spent on IRS-approved … More >>
DataPath publishes whitepaper focused on helping TPAs increase adoption of healthcare benefits accounts LITTLE ROCK, ARKANSAS (September 8, 2020) – DataPath, Inc., a leading technology provider for consumer directed healthcare account and COBRA administration, has published a whitepaper titled, “How to Maximize Account Adoption During Enrollment Season and Deliver a Better Benefits Experience.” The whitepaper … More >>
To increase Health Savings Account (HSA) and high deductible health plan (HDHP) adoption, TPAs and employers should understand what drives employee behavior. The following infographic outlines the keys to increasing HSA and HDHP adoption. HSAs and High Deductible Health Plans: A Guide to Increasing Adoption Offering Health Savings Accounts (HSAs) paired with a high deductible … More >>
DataPath employee education and engagement program wins APEX Award LITTLE ROCK, ARKANSAS (August 18, 2020) – DataPath, Inc. a leading provider of technology solutions for third party benefits administration has announced that it is a recipient of a 2020 APEX Award for Excellence for its employee education and engagement program, The Adventures of Captain Contributor™. The … More >>
Breaking Down HRA Plan Types A Health Reimbursement Arrangement (HRA) is a tax-advantaged health benefit funded and owned by employers. Depending on the type of HRA, employees can use money from the account to pay for IRS-approved healthcare expenses and health insurance premiums and it does not count toward their taxable income. Learn more about … More >>
DataPath garners seventh national award for employee education and engagement program LITTLE ROCK, ARKANSAS (July 21, 2020) – DataPath, Inc., a leading developer of technology solutions for third party benefits administration, was selected as a winner in the 22nd annual Digital Health Awards® program. The company was honored with a Silver Award in Web-based Digital … More >>
Health Savings Accounts (HSAs), coupled with a high deductible health plan, were designed to help make healthcare more affordable and give people more freedom in their personal healthcare decisions. Another advantage of the account is the ability to use it in retirement. Due to generous tax advantages, friendly contribution options, and investment opportunities, more people … More >>
Whitepaper focuses on developing market for student loan repayment assistance plans, which impacts nearly 45 million Americans LITTLE ROCK, ARKANSAS (July 7, 2020) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, has published a whitepaper titled, “Flexible Compensation: More than Healthcare.” The whitepaper examines the positive effect that benefits such … More >>
A Flexible Spending Account (FSA) is an excellent financial tool that helps millions of workers cover out-of-pocket healthcare expenses. Sponsored through an employer, an FSA is usually funded through a payroll deduction each pay period over the course of the plan year. When an employee’s job status changes due to a layoff, change in employer, … More >>
DataPath’s employee education and engagement program earns sixth national award LITTLE ROCK, ARKANSAS (June 9, 2020) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, has been named an AVA Digital Gold Award winner for the second year in a row. The AVA Digital Awards recognize excellence by creative professionals who plan, … More >>
Think about this – you have a Health Savings Account (HSA) and a 401(k) through your employer. HSAs are generally thought of as a vehicle for healthcare savings – because it’s in the name – while most people understand that a 401k is used for retirement. A lot of people wonder though, which account should … More >>