DataPath, Inc., a leading provider of cloud-based benefits administration solutions, recently released new materials for its award-winning employee education and engagement program, The Adventures of Captain Contributor. The new materials include second edition comic books, videos, and fact sheets for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs).
DataPath keeps the needs of third party administrators (TPAs) top of mind when developing and updating employee benefits administration platforms like Summit. In this whitepaper, DataPath examines how communication breakdowns and unsynchronized data can degrade the TPA-client relationship; cost TPAs, employers, and employees time and money; and cause administrative headaches through redundant fees and duplicate workflows. The white paper also discusses technological solutions that allow TPAs greater flexibility, reduced costs, streamlined processes and confident compliance.
Are HSAs worth the effort for TPAs? Despite the growing popularity of HSAs, third-party administrators remain cautious, unsure whether HSAs can be profitable. By Katie Kuehner-Hebert HSA administration is more scalable than the management of flexible savings accounts, as HSA administrators can dedicate fewer resources to such personnel and hardware. As the explosive growth of health savings accounts continues, third-party administrators are considering whether it’s worth it to offer HSA management services, according to a
Little Rock, Arkansas (May 2, 2018) – As the HSA market steadily continues to grow, more third-party administrators (TPAs) are looking to add HSA management services to their portfolio. A new whitepaper published by DataPath, Inc. addresses common TPA concerns about entering the HSA market: revenue opportunity, workload, and the need to juggle multiple business and banking relationships. The whitepaper, entitled “How TPAs Can Overcome Potential Pitfalls to Deliver a Unified HSA Experience and Maximize
DataPath is more than just a COBRA software solution provider. The company recently announced that it released brand new COBRA materials for its unique employee engagement program, The Adventures of Captain Contributor. The materials include comic books, videos and fact sheets all about COBRA to help with education and engagement.
By The HRT News Desk DataPath, Inc., a leading innovator of employer-sponsored benefits administration solutions, announced today its new Health Savings Account (HSA) administration and investment functionality in Summit, the company’s cloud-based platform. The HSA expansion will make DataPath Summit the industry’s only SaaS solution with fully-unified CDH, investment and COBRA billing capabilities. With Summit HSA, third party administrators (TPAs) have the ability to administer all lines of service from one powerful platform. Prior to
DataPath offers more than just COBRA software. For the more visually-minded, this vibrant and informative COBRA infographic answers many COBRA FAQs and is perfect to share with clients and fellow COBRA administrators. Your participants can learn all they need to know about COBRA insurance in this overview.
The Summit platform allows TPAs to be more efficient by keeping all administration together in one system. By PS Health savings account (HSA)/high-deductible health plan enrollment is increasing. To help third-party administrators (TPAs) compete in the HSA market, DataPath is expanding Summit, its cloud-based consumer-driven health (CDH) and COBRA administration platform, to include HSA and investment functionality. The company claims that when Summit is expanded to include HSA and investment functionality this March, it will
In December 2017, the Tax Cuts and Jobs Act was signed into law, enacting tax reform provisions that will be in effect from 2018 through 2025 (and beyond). Among other areas, the legislation impacts employee benefits directly in two areas – transit/commuter benefits and the individual health insurance mandate required by the Affordable Care Act (ACA). Commuter Benefits Starting in 2018, employers may no longer claim the business deduction for qualified mass transit and parking
A new white paper released today by DataPath evaluates the evolution of computer technology and examines how current software solutions impact the work of third party administrators (TPAs). DataPath, a platform provider for consumer directed healthcare accounts, COBRA and billing administration, also highlights the importance of an all-inclusive approach to solutions development.