Employees, employers and TPAs all find value from a strong employer benefits package. Employer-sponsored debit cards can further bolster benefits offerings. In today’s fast-paced world, debit cards provide an efficient payment method for consumers everywhere. They eliminate the time and hassle involved in writing checks or stopping at the ATM to get cash. Purchases are … More >>
Two Conferences Held Consecutively by DataPath Will Benefit Users of All Levels LITTLE ROCK, AR, June 12, 2017 — DataPath, a leader in the healthcare and billing technology industry, will be hosting two conferences in Las Vegas, Nevada, from June 12-14th. This is the first year that both conferences, Connections and Best Practices, will be … More >>
Millennials are younger and tend to be healthier than their Gen X and Baby Boomer peers. Are Millennials and HDHPs with HSAs a good fit for employers and TPAs? A recent study on adults with health insurance shed light on the healthcare spending habits of the up-and-coming Millennial generation. Among the findings are that younger … More >>
If you have a Health Savings Account (HSA), there may be some benefits to this consumer directed healthcare account that you don’t know about. Most people understand the HSA tax savings of tax-free contributions, tax-free earnings, and tax-free withdrawals for qualified healthcare expenses. While designed primarily to help reduce the cost of healthcare, HSAs have … More >>
Rising healthcare costs have helped spark expansion in consumer-directed healthcare (CDH). In response, many people are more actively managing their healthcare expenses with the help of CDH resources such as Flexible Spending Accounts (FSA) and Limited Purpose Flexible Spending Accounts (LPFSA). These accounts reduce your tax burden on out-of-pocket healthcare expenses after insurance has paid … More >>
HSA owners benefit from tax-free growth on their account through interest earned and investment income. However, account owners should also consider investing HSA funds as a means for substantial growth. Health Savings Accounts (HSAs) are popular, tax-advantaged savings accounts designed to help people with High Deductible Health Plans (HDHPs) pay for out-of-pocket healthcare expenses. HSA … More >>
With FSA popularity on the rise, participants want to know ‘what’s the right amount for my flexible spending account?’ Flexible Spending Accounts (FSAs) are fast becoming one of the most popular employer-sponsored benefits in the United States. Currently, almost one in four Americans use this tax-reduction tool to save on a wide variety of medical … More >>
Unlike an FSA or an HRA, both of which are owned by the employer, HSAs are owned by the individual. This means that the account owner funds the HSA, spends the money (within IRS regulations), earns interest, and chooses whether or not to invest the money. Most importantly, the individual keeps the account (HSA portability) should their employment status change due to job loss, changing company, or retirement. Employers may also choose to contribute to the HSA, but the account owner keeps the funds.
Some plans require participants to spend FSA funds before the end of the plan year or risk losing the funds altogether. Others allow carryover to the next plan year. If uncertain of your plan’s requirements, check with your benefits administrator. Flexible Spending Accounts (FSAs) are a popular employer-sponsored benefit. According to a 2018 survey by the … More >>
If you get injured this Halloween, look to your consumer directed healthcare (CDH) account to take the scare out of treating your boo-boo. Halloween is magical! All week long, people get festive by decorating their houses and lawns, carving pumpkins, and dressing up in their favorite costumes. However, when someone gets injured, Halloween can be … More >>
LITTLE ROCK, Ark., — DataPath, Inc. today announced the availability of two new value-added services, ZendyHealth and WiserHealth®, for its comprehensive HSAToday® solution to help healthcare savings account (HSA) owners make informed healthcare decisions. DataPath added these two popular consumer healthcare decision-making tools into HSAToday to give account holders a single, easy-to-use platform that allows them to … More >>
by Art Aldridge, Vice President of Technology DataPath has been innovating software solutions for over three decades. Our founder saw potential in the benefits administration market, and under his guidance, we began blazing a path to new frontiers by developing software for tax-advantaged employer benefits back in the 1980s. Over the course of the company’s … More >>
Come visit with us at the 2016 SIIA National Educational Conference & Expo, September 25-27 in Austin, TX! In addition to attending conference sessions, we’ll be exhibiting in Booth #619 and look forward to visiting with you! The SIIA National Conference & Expo is the world’s largest event focused exclusively on the self-insurance/alternative risk transfer marketplace and … More >>
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 >>