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How Can Benefits Education Help TPAs Grow?

Roughly one-third of employees need help understanding their benefits in any given year. TPAs can increase benefits adoption and usage by providing a thorough, easy-to-understand benefits education – ideally, that continues year-round. Participants Need Benefits Education As society faces constant information overload, Ameritas has found several causes of the need for increased benefits education: Why is benefits education a TPA problem? TPAs are retained by brokers and employers to create valuable benefits programs in support of

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Benefits That Attract and Retain Millennials

This is the third in a four-part series on building benefits packages to resonate with the diverse generations in today’s workforce. Today, we focus on effective strategies and engagement recommendations for Millennials. Generation Y, more commonly called Millennials, were born between 1981 and 1996. Millennials experienced rapid technological changes and grew up in an era of Microsoft and Apple, a 24-hour news cycle, and the rise of social media. In their formative years, they witnessed

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Be Proactive for a Successful Retirement

At one time, many employees that stayed with a company long-term could expect a substantial pension on retirement. However, that is no longer the case. Americans are living longer, and the cost of living continues to rise. As a result, significant planning is necessary to ensure a successful, comfortable retirement. Here are some challenges facing those nearing retirement and options for companies and workers alike to consider when a 401(k) or similar plan is not

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Benefits That Attract and Retain Generation X

This is the second in a four-part series on building benefits packages to resonate with the different generations. This article focuses on effective strategies for Generation X, including engagement recommendations.  Born between 1965 and 1980, Generation Xers are known for an entrepreneurial mindset, working hard, and playing hard. As enrollment season nears, let’s review this generation’s motivations, which benefits they find most important, and how they learn and communicate. The Gen X Profile Gen Xers

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TPA Marketing: In-House or Outsource?

Third-party administrators who provide effective enrollment, renewal, and year-round participant information provide their clients with the best experience. Implementing quality sales promotion tools and thought leadership activities can also help the TPA grow. Given how challenging and time-consuming that can be, many TPAs choose to outsource their marketing needs. Sales, Enrollment, and Educational Materials Participants must fully understand their growing pool of benefit options to maximize adoption and usage. Year-round education is essential. It’s vital

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National Health Information Awards Winner 2023

The 2023 National Health Information Awards has selected “Captain Contributor Explains ICHRAs” for Bronze recognition. NHIA recognizes the nation’s best health information programs and materials. DataPath’s marketing team created the explainer video in-house for our employee education and engagement program, The Adventures of Captain Contributor. “ICHRAs are growing in popularity because they can help employers control healthcare costs while enabling employees to choose the best coverage for their specific needs,” said Bo Armstrong, chief marketing officer

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BenefitsPRO article features DataPath CMO on using benefit accounts to support the work-life relationship

Considering the vital role of the work-life relationship in worker effectiveness, wellbeing, and long-term commitment, employers, brokers and TPAs should prioritize it across all facets of their operations, including their benefits programs. August 2, 2023 By Bo Armstrong Originally posted on BenefitsPRO.com Employees who struggle to balance their work and personal lives can suffer from health issues, poor job satisfaction, exhaustion, burnout, and problematic behavior on the job. Despite 72 percent of Statista survey respondents acknowledging the importance of

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Choosing a COBRA Administrator

The Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA, ensures that employees can continue health insurance coverage in the case of a job loss or significant adjustment in hours. COBRA regulations are complex, and compliance errors can be very costly. As a result, employers often outsource their COBRA administration to a qualified third-party administrator (TPA). Pitfalls of In-House COBRA Administration Employers who decide to self-administer may find they did not fully comprehend the extent

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DataPath Whitepaper, Blog Receive dotCOMM Awards

The 2023 dotCOMM Awards have recognized DataPath with their highest recognition, the Platinum, for a recent whitepaper. They also selected our weekly blog for their Gold award. The whitepaper, Changing Perceptions of Employee Benefits in a Post-Pandemic Workforce, reviews how the pandemic has changed how we live and work, explores changing employee attitudes, and recommends steps employers should take to adapt to the new American workplace. DataPath Insights is our weekly blog on employer-sponsored benefits, regulatory news, and

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Press Release: DataPath Partners with Mastercard and HealthLock

Partnership with Mastercard unlocks HealthLock services to all users of DataPath benefits debit cards LITTLE ROCK, AR (July 18, 2023) – DataPath, a leading technology and growth services provider for third-party administrators, has partnered with Mastercard and HealthLock to help consumers protect against medical bill fraud, claim errors, and overcharges. DataPath HSA and FSA Mastercard cardholders that enroll in the HealthLock service can monitor and receive an automatic analysis of their medical claims, potentially reducing

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