The Affordable Care Act (ACA) became law in 2010 and is the most comprehensive reform since the 1960s. Despite many obstacles, the CDH account market has grown significantly as the ACA has evolved. Will such growth continue? And how can employers, brokers and TPAs take advantage of this growth?
The COVID-19 pandemic has affected virtually every aspect of our lives. While the most prominent impact was an almost immediate quarantine and vast expansion of employees working from home, another significant consequence is how much the pandemic shook employees’ sense of security. Many businesses faced major revenue shortfalls and responded with cost-cutting measures, including layoffs and furloughs. Consequently, many Americans lost their sense of security regarding their jobs, economic standing, and overall health. As we
HSAs have been around for almost two decades and continue to exhibit long-term adoption growth. However, many TPAs have been cautious about adding this account to their services menu. How can TPAs capitalize on this expanding opportunity and enter this consistently growing market?
During enrollment season, benefits administrators and employers look to build and deliver a benefits package that helps companies keep and attract top talent. While employees generally report they are happy with their employer’s benefits, statistics show that account adoption is often lacking. With a better understanding of their employer groups and proven educational approaches, TPAs can experience a more successful and fulfilling open enrollment period. Background Open enrollment can be a stressful time for benefits
DataPath’s employee benefits platform is the first cloud-based solution purposely designed as a single, all-encompassing software solution for administering CDH accounts, COBRA, billing, and well-being benefits. Whether your business plans involve administering just one line of service or all of them, DataPath can help you achieve your goals. With a seamless design, our platform’s flexibility allows businesses to take advantage of the full suite of solutions, or to choose only those services specific to their
The DataPath platform is tailored for benefits administrators, enabling them to deliver exceptional FSA administration for health, limited purpose, and childcare FSAs. Our cloud-based FSA solution offers an intuitive plan setup with default settings and wizards. Administrators can also create reusable plan templates. With robust data exchange capabilities, benefit professionals can import participant and dependent information, enrollments, claims, and contributions. DataPath also enables administrators to perform nondiscrimination testing within the portal and customize or upload
DataPath’s platform features comprehensive, cloud-based HSA functionality, empowering benefits administrators to deliver unparalleled service. Our HSA platform streamlines administration with built-in banking and investment features, providing a comprehensive solution for benefits managers and employers. Effortlessly manage accounts with features like online enrollment, seamless HSA rollovers, and user-friendly plan document templates. Customize the level of management, from enabling consumers to self-adjudicate purchases by disabling MCC restrictions to offering expert guidance to account owners. The platform also
DataPath’s platform enables administrators to create a wide range of Health Reimbursement Arrangement (HRA) plans, including group HRAs, Individual Coverage HRAs, Excepted Benefits HRAs, and Qualified Small Employer HRAs. Our cloud-based HRA solution offers unparalleled flexibility in plan design. Administrators can customize plan details at the tier level, including deductibles and reimbursements. They can also set up additional plans such as dental, vision, and student loan reimbursement benefits. Benefits card behaviors can be tailored per
DataPath enables administrators to go beyond traditional benefit offerings to meet the diverse needs of today’s workforce with Lifestyle Spending Accounts. Lifestyle Spending Accounts (LSAs) are post-tax, employer-funded reimbursement accounts that help employees access products, services, or activities that enhance their overall well-being. Employers can choose eligible expenses for LSA reimbursement, which can be nearly limitless in scope. Many opt for expenses related to physical fitness, mental health, and financial literacy. Others select education and
Since 2002, DataPath has empowered COBRA administrators to achieve growth with industry-leading COBRA and Billing solutions. Administrators aim to stay competitive, keep up with regulatory changes, and attract new revenue streams. Our platform’s robust functionality enables simplified terminations, automated notices and communications, flexible billing options, and more. Additionally, we offer fulfillment and BPO services to support business growth. The platform’s flexibility can also be leveraged for a variety of billing needs. Surpass your competition with