Flexible Spending Account

HSA Investing – Many Account Holders are Missing Out

Health Savings Accounts (HSA), a popular component of employee benefit packages with high deductible health plans, offer an abundance of financial advantages for account holders. With tax-free contributions, interest-bearing accounts, and the option to invest, an HSA can be a significant player in an account holder’s financial security. In 2015, HSA owners can deposit up … More >>

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Governor's Challenge Award

DataPath Honored with Governor’s Quality Award

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 >>

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FSA, HRA, HSA, COBRA, Insurance Payments

IRS Announces 2016 HSA Contribution Limits

The Internal Revenue Service (IRS) recently announced new 2016 HSA contribution limits. HSA plans are popular among workers who are enrolled in high-deductible health plans (HDHP) because they can make untaxed contributions into an account for medical expenses, reducing their overall tax bill to the IRS. In addition, account holders can roll over unused funds … More >>

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The Hidden Costs of Indemnity Payments

A recent white paper published by DataPath finds that traditional processing methods for indemnity payments may be costing claimants and businesses more than they anticipated. In an evolving 21st century world, people move frequently or work remotely, and some do not have easy access to their home banks. A staggering number of workers, an estimated 25 million people, … More >>

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IRS Guidance Provides Limited Transition Relief

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 >>

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Future of HSAs

DataPath Provider Payments Simplifies Reimbursements for Workers’ Compensation Payers

DataPath Provider Payments reduces expenses, potential errors and centralizes tracking LITTLE ROCK, AR (December 3, 2014) – Managing provider payments can prove both challenging and costly for workers’ compensation payers. To help streamline this process, DataPath, Inc. announced today that it has launched an electronic provider payment solution for workers’ compensation. “We discovered that a significant … More >>

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RenewCard Automates Workers’ Compensation Indemnity Payment Processing

DataPath RenewCard reduces indemnity payment expenses, manual errors; simplifies tracking. /PRNewswire/ — Indemnity payments not only represent a sizable portion of workers’ compensation expenses, they also require significant administrative resources. DataPath announced today that it is introducing RenewCard, a card-based indemnity payment solution designed to streamline the process for workers’ compensation payers. “Our discussions with payers uncovered … More >>

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