The Internal Revenue Services (IRS) issued a final rule to create two new types of Health Reimbursement Arrangements (HRAs). The newly created Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA will go into effect on January 1, 2020.
LITTLE ROCK, ARK. (June 6, 2019) – DataPath, Inc., the longest running solutions provider in the benefits administration industry, announced the honorees of its annual partner awards. The DataPath Partner Awards were presented at the Connections 2019 conference and recognize industry success, business growth, and commitment to excellence and consumer directed healthcare through using DataPath … More >>
On Tuesday, May 28, 2019, the Internal Revenue Service (IRS) announced the 2020 HSA contribution limits. Next year, Health Savings Account (HSA) owners will see an increase in both single and family plan limits, as well as higher annual deductible and out-of-pocket limits. The updated limits are published in Revenue Procedure 2019-25. 2020 HSA Contribution … More >>
DataPath was recently honored with a 2019 Hermes Creative Gold Award for a unique communications piece that shares the story of the 35 year-old software company. “We have one of the premier marketing teams in the industry and our clients have direct access to this level of talent through our Partner Marketing Program,” says Bo Armstrong, chief marketing officer.
Using a multi-platform approach to CDH and COBRA benefits administration can create a host of problems for third party benefits administrators. The following infographic highlights the negative impacts of a multi-platform approach and examines the benefits of a single solution.
LITTLE ROCK, ARK. (May 1, 2019) – DataPath, Inc., a leading technology provider of benefits administration solutions, was recognized by Employee Benefit News (EBN) for its multi-award winning employee education and engagement program, The Adventures of Captain Contributor™. In EBN’s 2019 Digital Innovators article, the program and the voice of Captain Contributor, Thomas O’Banion, were … More >>
Healthcare consumers now have another online shopping option for saving on hundreds of qualified healthcare products with their FSA or HSA benefit cards. Online retailer Amazon.com is now accepting payments from these benefit accounts for eligible expenses. With this move, Amazon has joined FSAStore, Walgreens, and CVS, among other retailers, in the consumer directed healthcare (CDH) market. The Amazon … More >>
The tax filing deadline is coming up soon! If you have a Health Savings Account (HSA), you may have some questions about HSAs and filing your taxes. HSAs provide a tax-advantaged financial tool for reducing out-of-pocket healthcare expenses and saving for retirement. However, because the money contributed to your account is pre-tax, it must be … More >>
TPAs Need More Flexible Solutions for Complex HRAs LITTLE ROCK, Ark. (March 14, 2019) – Third party benefits administrators (TPAs) who offer Health Reimbursement Arrangements (HRAs) to their clients often find themselves frustrated by their system’s limited capabilities for complex HRAs. A new whitepaper from DataPath, Inc., a leading developer of cloud-based benefits administration solutions, … More >>
The U.S. unemployment rate is low, which means companies everywhere are in a battle to recruit and hire talented employees. In an economy where workers have the upper hand, the first response of employers is often to raise salaries and wages. However, research shows that a competitive benefits plan can play an increasingly vital role … More >>
DataPath Employee Engagement Program Garners Video Gold Award LITTLE ROCK, ARK. (February 20, 2019) – DataPath, Inc., a leading provider of administration solutions for employer-sponsored healthcare benefit accounts, has won a 2019 AVA Digital Award Gold medal for “Captain Contributor Explains FSAs,” a video produced for its employee engagement program, The Adventures of Captain Contributor. … More >>
DataPath, Inc., a leading developer of technology solutions for benefits administration, announced the launch of direct billing functionality in its cloud-based Summit platform. The enhancement further expands Summit’s billing and benefits administration capabilities, in conjunction with COBRA and retiree billing.
The following infographic outlines the must-have features of benefits administration software for third party benefits administrators. If your solution doesn’t have all of these, it may be time to upgrade. To streamline your workflow and increase the bottom line, look for these features and capabilities.
Health Savings Accounts (HSAs) are a wonderful tool for saving money on healthcare expenses. When you enroll in a qualified high deductible health plan and sign up for an HSA, you contribute pre-tax money into an account then withdraw those funds for qualified healthcare expenses. When used for qualified expenses, withdrawals are tax-free. However, many HSA owners wonder if the money can be used for non-qualified expenses. If so, is there an HSA withdrawal penalty?
DataPath Earns National Recognition for Employee Engagement Website for Healthcare Benefits LITTLE ROCK, ARK. (November 29, 2018) – DataPath, Inc., a leading provider of technology solutions for tax-advantaged benefits administration, was recently awarded a 2018 MarCom Gold Award. The award was issued for CaptainContributor.com, DataPath’s employee engagement and education program website, in the category of … More >>
