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Leveraging Tax-Advantaged Benefit Accounts in Recruitment

While competitive salaries and flexible work arrangements often grab headlines, tax-advantaged benefit accounts like health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) are powerful tools for recruiting and retaining top talent that are often overlooked. These accounts support employees’ financial wellness and help employers manage benefit costs effectively, creating a win-win scenario for both parties. Financial Wellness Benefits Grow in Importance Financial stress remains a significant burden for many employees.

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HSAs as a Retirement Tool

When you think of finances and retirement, what immediately comes to mind? Popular retirement vehicles typically include Social Security benefits, a 401(k), an IRA, and investments like mutual funds or stock options. There is another retirement tool that many people overlook – the Health Savings Account or HSA. At first glance, this may seem confusing. What does an account used for healthcare needs have to do with retirement? While HSAs are primarily used for qualified

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Balancing Flexibility and Return-to-Office Policies

The COVID pandemic’s seismic shift toward remote work has had a lasting impact on employee expectations and organizational dynamics. As more employers implement return-to-office (RTO) policies, many are facing a tug-of-war between these mandates and employee desire for continued flexibility. Return-to-Office Policies and Employee Resistance A PwC survey in 2023 revealed that 90% of executives expected employees to return to the office at least three days a week, yet only 20% of workers favored this

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Medicare Coverage Assistance Made Easy

Gone are the days when Americans retired at 65. According to Pew Research: How does Medicare factor into employer-sponsored benefits packages? What solutions can they offer? Benefits of DataPath Medicare Options For 40 years, DataPath has been a pivotal force in the employee benefits, financial services, and insurance industries. The company’s flagship DataPath Summit platform offers an integrated solution for managing CDH, HSA, Well-Being, Commuter/Transit, COBRA, and Billing. Through its partnership with Accelergent Growth Solutions, DataPath also offers expert BPO services, automation, outsourced customer service

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Eligible FSA/HSA Expenses You May Have Overlooked

For decades, participating in a Flexible Spending Account (FSA) or Health Savings Account (HSA) has been crucial to affordable healthcare for millions of American workers and their dependents. The extensive list of eligible expenses covers well-known services like medical, dental, and vision copays, copays, deductibles, eyeglasses and contact lenses, and prescription medication. However, due in part to updates in recent years to approved items and services, you may be overlooking a host of qualified FSA

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Does Your State or City Require Commuter Benefits?

Commuting to and from work daily can be quite a headache and consume a lot of valuable time, especially for employees who live near or travel into a big metro area. With the average commute at 26 minutes, it takes nearly an hour each day to get to and from your place of employment. Consider, too, that an estimated 76% of U.S. workers travel to their place of work every day, trying to avoid traffic

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12 Ways to Improve Open Enrollment

Open enrollment can be stressful for employees, HR professionals, and third-party benefit administrators. Vital information must be shared and digested, and timely financial decisions must be made so coverage can start on time. Your company workforce may range from experienced, veteran employees to new hires in their first job. It’s a tall task to pull off an open enrollment season that meets the needs of everyone involved (but you CAN do it!). Here are 12 ways

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Making the Most of Open Enrollment: Understanding Your Tax-Advantaged Account Options

Open enrollment represents a pivotal moment for both employees and employers each year. This is when individuals can make significant choices regarding their health insurance coverage. For many, it’s the sole chance to enroll in or adjust tax-advantaged benefits such as Healthcare Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), and Dependent Care FSAs. Grasping the nuances of these accounts will help you make better decisions, enhance your savings, and fully

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Employer-Sponsored Benefits Gain Importance in Employment Advertising

Attracting talent demands more than just a competitive salary. Today’s workforce highly values a strong employer-sponsored benefits package, and job seekers are increasingly evaluating employee benefits when considering potential employers. For employers, highlighting benefits in job ads has evolved from a best practice to an essential strategy. As the demand for transparency and comprehensive compensation packages grows, savvy employers increasingly leverage their benefit programs to strengthen their appeal to top talent. By the middle of

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Engage Employees to Achieve Cost Savings and Better Health Outcomes

As employers plan their benefits programs for 2025, they face the daunting task of managing costs while ensuring high-quality healthcare options for their workforce. The annual premium average for employer-sponsored family coverage in 2023 was $23,968, with employees contributing an average of 27.4%, or $6,575, according to the KFF Employer Health Benefits Survey. However, access to healthcare is only the first step. Many employees struggle to navigate the complex healthcare system, often seeking medical services

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