Since September 2015, ECFC has been leading the charge against the Cadillac tax as the proposed 40 percent excise will be levied against company provided health benefits that exceed $10,200 for singles and $27,500 for families. If not reformed or repealed, the Cadillac tax will negatively affect millions of Americans. As part of ECFC’s ‘My … More >>
On Wednesday, March 30, the Little Rock area was hit by a flash flood due to heavy rains. Some estimates show that central Arkansas received four inches of rain over a two-hour period. The torrential rain affected many areas around the city as it overwhelmed drainage systems, creeks, and other waterways. At the DataPath offices at 1601 … More >>
DataPath took on a special mission during the month of March – to raise money and awareness for the Arkansas Chapter of the Leukemia & Lymphoma Society (LLS). Cancer, in all of its nefarious forms, directly affects many lives, and the company was compelled to pitch in after a member of its team was diagnosed … More >>
Today’s reality highlights the need for benefits debit cards: in a 21st century, first-world society, card payments are the norm rather than the exception. Card payment terminals are found just about everywhere – doctors’ offices, pharmacies, grocery stores, retail shops, taxicabs, subway stations, and more. With consumers utilizing debit and credit cards more and more … More >>
Having recently celebrated its 12th birthday, the Health Savings Account (HSA) is more popular than ever. During the first half of 2015, HSA usage grew by a whopping 42 percent compared to the same period during 2014, according to a study by Bank of America. While the Baby Boomer generation carries the highest HSA balances … More >>
DataPath has listened to the needs of TPAs everywhere to design an employee benefits administration platform that is everything they could ever need. From one simple, cloud-based platform, TPAs can now manage FSAs, HRAs, HSAs, Transit Accounts and Benefits Debit Cards from one simple centralized location.
DataPath, Inc. is pleased to announce that we have been selected as a finalist in the 28th Annual Arkansas Business of the Year awards. We’re proud to be among the final five companies in Category III (76-300 employees). This marks the second time DataPath has been honored as a finalist, the first being in 2007. … More >>
Bicameral Legislation Aims to Ease the Burden of Rising Health Care Costs for American Workers, Retirees with the Health Savings Act of 2016 WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee member, Congressman Erik Paulsen (R-Minn.) today introduced the Health Savings Act of 2016, legislation to simplify and … More >>
Do you know the difference between a Health Reimbursement Arrangement (HRA) and a Health Savings Account (HSA)? The key difference between the two is that an HRA is employer-owned whereas an HSA is employee-owned. With an HSA, the employee keeps the account and can transfer it when he or she changes jobs. Account holders may also invest their HSA funds.
DataPath recently teamed up with the Watershed to donate food. The 2015 holiday season officially kicked off across the country with the annual Thanksgiving celebration. For many people, it is a time to gather together and give thanks for their many blessings. However, there are some who are unable to enjoy the feast and participate … More >>
According to a recent article featured on CNN Money, commuters in the United States spend an average of $2,600 annually on their daily commute. This comes out to about $10 per day getting to and from the work place. Furthermore, 60% of survey respondents reported an increase in their commuting costs as compared to 19% … More >>
Consumers who use debit and credit cards may have recently noticed that their cards look a little bit different. Many companies are now issuing cards with a card chip on the front, which is known as the Europay, MasterCard, and Visa (EMV). There is good reason many card issuers are using this new technology: Congressional … More >>
DataPath, Inc, a software development company that builds powerful software systems that administer healthcare benefit plans and specialized payment solutions, was awarded a Governor’s Quality Award on September 15, 2015. DataPath was one of six recipients of the Challenge Award, and company president, John Robbins Jr., was on hand to accept the honor. The Governor’s … More >>
August is nearly upon us which means that back-to-school shopping is right around the corner. You may realize that you still have a large sum in your Flexible Spending Account (FSA) and its “use or lose it policy” has you considering how to make the most of your contributions. This is a great time to … More >>
As part of Notice 2015-7, the IRS issued guidance on Feb. 18 providing limited transition relief for certain premium reimbursement plans, including: Individual market premium reimbursement arrangements (PRAs), also known as employer payment plans as defined in Notice 2013-54; Medicare premium reimbursement arrangements; and, Reimbursement arrangements supplementing Tricare. The relief does not extend to stand-alone HRAs or … More >>