Do You Know About PCORI?

Do you know how PCORI affects patients and employers? Learn more here. Two of the biggest drivers of escalating healthcare costs are the lack of knowledge about the cost of medical services and the low levels of engagement from patients in their healthcare decisions. Thanks to healthcare consumerism, this is starting to change. Healthcare consumerism … More >>

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Digital Health Award

DataPath Wins 2022 Digital Health Award

DataPath garners 10th national award for employee education and engagement program LITTLE ROCK, ARKANSAS (June 17, 2022) – DataPath, Inc., a leading developer of technology solutions for third party benefits administration, has been selected for a Bronze Award in the 24th annual Digital Health Awards® program. The company was honored for a comic book about Health Reimbursement … More >>

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ICHRAs can help businesses provide big benefits

Attractive benefits plans are essential in today’s labor market. Smaller businesses in particular often struggle to find affordable group health insurance plans that comply with ACA regulations. Take a look at how an Individual Coverage Health Reimbursement Arrangement, or ICHRA, can help businesses. What is an ICHRA? ICHRAs are an attractive option for both employers and their … More >>

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How do Medicare Set Aside Accounts Work?

A Medicare Set Aside account, also known as an MSA, is an important component of the workers’ compensation payment landscape. Here’s the essential information you need to know about who qualifies for them, how they work, approved expenses, etc. What is a Medicare Set Aside Account? A Medicare Set Aside Account (MSA) is a settlement … More >>

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Whitepaper: Lifestyle Spending Accounts – Giving New Meaning to ‘Flexible’ Benefits

American companies are looking for every possible advantage to recruit and retain top-quality employees in a dramatically changed workplace. Many are finding new value in Lifestyle Spending Accounts. Two years after the COVID-19 pandemic reached the U.S., life is gradually returning to some level of normal. The workplace, however, has changed immensely and, many believe, … More >>

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Hiring Troubles? How Current Employees May Help

Many employers are having trouble filling job openings. Avenues to attract new employees – from signing bonuses to additional paid time off – haven’t solved the problem. Human resources experts suggest looking within to see how current employees may be able to help. Reconsider Job Requirements In 2021, Forbes reported that only 36% of Americans 25 and … More >>

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Benefits Debit Cards: More Convenience for Everyone

Linking tax-advantaged benefits accounts such as FSAs and HSAs to benefits debit cards is more convenient for everyone concerned. Employees are able to make eligible purchases without having to front the expense, file a claim, and wait for a reimbursement. Employers and TPAs usually do not have to manually process a claim due to the … More >>

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“Don’t let your clients bank on Medicare in retirement” – BenefitsPRO features article by DataPath Manager

Health Savings Accounts (HSAs) can help pay for health care expenses now, and both health care and other expenses in retirement. By Candy Darr Originally Published by BenefitsPROMay 18, 2022 There was a time when many American workers could anticipate sailing into retirement with profit sharing and investments, pension, Social Security benefits, and Medicare coverage. They … More >>

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Can I have an HSA and FSA account at the same time?

If your employer offers both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), you may be wondering if it’s possible to have both at the same time. HSA and FSA Accounts If you are enrolled in a qualified high-deductible health plan (HDHP), you can enroll in an HSA account as long as you aren’t … More >>

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Commuter Benefits for a New Day

  The average American worker spent between $2,000 and $5,000 commuting to work in 2019, and the average one-way commuting time increased to nearly 30 minutes. As of early May 2022, gas prices nationwide averaged $4.37/gallon, compared to $2.94/gallon in May 2019.  That has added to the resistance of many employees over returning to the … More >>

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Some Nutritional Expenses are FSA/HSA Eligible

Did you know you can use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for some certain nutritional expenses? Qualified medical expenses for these tax-advantaged accounts include “the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.” Simply put, the … More >>

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IRS Announces 2023 HSA Limits

On April 29 the Internal Revenue Service (IRS) published the 2023 HSA contribution limits, out-of-pocket limits, and High Deductible Health Plan (HDHP) minimum deductibles in Rev. Proc. 2022-24. 2023 HSA Contribution Limits For 2023, Health Savings Account (HSA) owners will be able to contribute significantly more to their accounts. For those with self-only coverage, the annual … More >>

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Press Release: DataPath Announces COMPASS™ Card

Full-featured debit card will support wide range of employee benefits programs LITTLE ROCK, ARK. (May 4, 2022) – DataPath, Inc., a leading provider of technology solutions for employee benefits administration, announced today the highly-customizable COMPASS™ debit card. COMPASS™ enables third-party administrators (TPAs) to utilize a full-featured debit card in support of almost any type of … More >>

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HSA or FSA? What’s the difference?

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) have similar acronyms, and they can be confusing. An example of confusion is that while both offer valuable benefits, some of those benefits overlap. If both are available to you, be aware of their differences and similarities to determine which is best for your needs. What … More >>

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New Reporting and Compliance Requirements in 2022

Employers depend heavily on their third-party administrators (TPAs) for much of the information and assistance they need to stay in compliance with regulatory reporting requirements. The good news is that some of the COVID-related requirements are ending. Other requirements are resuming or are new to the industry. Pharmacy and Health Care Spending Updates As required … More >>

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