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 white paper from DataPath, Inc., a leading developer of cloud-based benefits administration … 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.
DataPath, Inc., a leading provider of cloud-based benefits administration solutions, announced a new enhancement to its cloud-based Summit platform. Summit now includes retiree billing functionality, in addition to its expansive abilities to administer COBRA and consumer directed healthcare accounts such as Flexible Spending Accounts and Health Savings Accounts.
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 has recruited ‘Captain Contributor’ to help it explain all of those complicated accounts, and rules. By Allison Bell at ThinkAdvisor U.S. employee benefits rules have turned into such a maze that the complexity is hurting use of flexible spending arrangements (FSAs), health savings accounts (HSAs) and other personal benefits account programs. Employees, meanwhile, are … More >>
Employer-sponsored benefits and the fight to improve mental health December 18, 2018 By Bo Armstrong Originally Posted on BenefitsPRO.com Mental health is one of the most significant healthcare challenges facing Americans today. An unseen and often overlooked healthcare need, it impacts people everywhere – at home, in the workplace and at school. It is estimated … More >>
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 >>
2019 FSA contribution limits will increase by $50.00, going from $2,650 to $2,700. The increased contribution limit affects health FSAs and limited purpose FSAs. Health FSAs may be used for a wide range of out-of-pocket healthcare expenses, including co-pays, deductibles, most dental and vision services, prescriptions, and more. Limited Purpose FSAs are coupled with an HSA and may be used for vision and dental expenses only. Dependent Care Assistance Plans will stay at the $5,000 annual limit.
Captain Contributor Avenges Workers Wronged by Poor Benefits Planning By Caroline Hroncich at Employee Benefit Adviser When disasters come knocking, Superman or Batman can help save the day. But when benefits problems are on the horizon, Captain Contributor is the superhero employees might want to turn to. A former tax accountant turned superhero (his origin … More >>