A recent white paper published by DataPath finds that traditional processing methods for indemnity payments may be costing claimants and businesses more than they anticipated. In an evolving 21st century world, people move frequently or work remotely, and some do not have easy access to their home banks. A staggering number of workers, an estimated 25 million people, … More >>
Traditional indemnity payment costs may result in higher workers’ compensation claim costs Introduction Indemnity payments represent a significant portion of workers’ compensation spend – anywhere from 40 to 60 percent of claim costs. While they don’t receive a lot of attention, increasing administrative burdens and processing fees associated with indemnity expenses are thwarting payers’ abilities … More >>
As part of Notice 2015-7, the IRS issued guidance on Feb. 18 providing limited transition relief for certain premium reimbursement plans, including: Individual market premium reimbursement arrangements (PRAs), also known as employer payment plans as defined in Notice 2013-54; Medicare premium reimbursement arrangements; and, Reimbursement arrangements supplementing Tricare. The relief does not extend to stand-alone HRAs or … More >>
DataPath Provider Payments reduces expenses, potential errors and centralizes tracking LITTLE ROCK, AR (December 3, 2014) – Managing provider payments can prove both challenging and costly for workers’ compensation payers. To help streamline this process, DataPath, Inc. announced today that it has launched an electronic provider payment solution for workers’ compensation. “We discovered that a significant … More >>
DataPath RenewCard reduces indemnity payment expenses, manual errors; simplifies tracking. /PRNewswire/ — Indemnity payments not only represent a sizable portion of workers’ compensation expenses, they also require significant administrative resources. DataPath announced today that it is introducing RenewCard, a card-based indemnity payment solution designed to streamline the process for workers’ compensation payers. “Our discussions with payers uncovered … More >>
COBRA Administration is often considered risky or scary to begin, because of the laws governing its administration and the stiff penalties for failure to comply. However, DataPath COBRA not only helps you stay compliant — it automates your compliance. Please take a few minutes to watch this FREE demonstration of DataPath COBRA.