HSA Growth Opportunity - Infographic

Infographic: HSAs – A Growth Opportunity for TPAs

The following infographic highlights HSA growth opportunity for third party administrators. Since 2011, Health Savings Account (HSA) adoption has grown nearly 400 percent. Health Savings Accounts (HSAs) – A Growth Opportunity for TPAs Sicen 2004, HSAs have skyrocketed in popularity. They are now the second most popular tax-advantaged account next to Flexible Spending Accounts (FSAs). … More >>

Home » Resources – News, Blogs, and More

IRS Clarifies ARPA COBRA Premium Assistance – FAQs and Answers

The Internal Revenue Service (IRS) recently published Notice 2021-31, with an extensive list of clarifications for the COBRA subsidy approved by the American Rescue Plan Act (ARPA). Subjects addressed in the Notice include Assistance Eligible Individuals (AEIs), involuntary termination of employment, furloughs, coverages eligible for the subsidy, and much more. The following questions and answers … More >>

Home » Resources – News, Blogs, and More
Whitepaper - Fear Not: There's Still Time for TPAs to Enter the Thriving HSA Market

Press Release: New DataPath Whitepaper Examines Thriving HSA Market and Opportunities for TPAs

LITTLE ROCK, ARKANSAS (May 11, 2021) – DataPath, Inc., a leading solutions provider for consumer-directed healthcare benefits administration, has published a whitepaper titled, “Fear Not: There’s Still Time for TPAs to Enter the Thriving HSA Market.” The whitepaper takes an in-depth look at the growth of Health Savings Accounts (HSAs), qualified high deductible health plans, … More >>

Home » Resources – News, Blogs, and More

2022 HSA Contribution Limits Published by IRS

On Monday, May 10, the Internal Revenue Service (IRS) published the 2022 HSA contribution limits, out-of-pocket limits, and high deductible health plan (HDHP) minimum deductibles. Rev. Proc. 2021-25 also includes the excepted benefit Health Reimbursement Arrangement (EBHRA) limit for 2022. 2022 HSA Contribution Limits In 2022, Health Savings Account (HSA) owners will be able to … More >>

Home » Resources – News, Blogs, and More
ARRA and ARPA; stack of paperwork on busy desk

ARRA vs ARPA: Comparing COBRA Subsidies and Administrative Challenges

In the world of employer-sponsored benefits, COBRA subsidies have been the hot topic since the American Rescue Plan Act (ARPA) passed in March 2021. Not only does ARPA concern people who have lost their jobs since March 2020, but it also has a significant impact on how employers and COBRA administrators are handling the surge … More >>

Home » Resources – News, Blogs, and More

COVID-19 PPE Now Eligible for FSA, HRA, HSA Plans

The fight against COVID-19 has expanded to the purchase of personal protective equipment (PPE) items. On Friday, March 26, the IRS released Announcement 2021-7, which qualifies PPE purchased for the primary purpose of preventing the spread of COVID-19 as medical expenses under section 213(d) of the Internal Revenue Code. The regulation allows specific items to be … More >>

Home » Resources – News, Blogs, and More
ARPA Subsidy FAQ

ARPA COBRA Subsidy Frequently Asked Questions (FAQs)

On Thursday, March 11, President Biden signed the  American Rescue Plan Act (ARPA) of 2021. Among other features, ARPA provides full COBRA subsidies under specific circumstances and creates significant additional COBRA enrollment eligibility. The following is a list of common ARPA COBRA subsidy frequently asked questions (FAQs). This is not intended to be legal advice. Please … More >>

Home » Resources – News, Blogs, and More
Whitepaper: Maximize Account Adoption During Enrollment Season

Whitepaper: How to Maximize Account Adoption During Enrollment Season

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 … More >>

Home » Resources – News, Blogs, and More
ARPA: COBRA Subsidies and DCAP Limit Increase

ARPA is Approved: COBRA Subsidies and DCAP Increase Part of Legislation

President Biden signed The American Rescue Plan Act (ARPA) of 2021 into law on Thursday, March 11, 2021. In addition to stimulus checks and child tax credits, ARPA features full COBRA subsidies for a limited time and an increase in the maximum contribution limits for people who use Dependent Care Assistance Plans (DCAP) through their … More >>

Home » Resources – News, Blogs, and More
COBRA Time Frames due to COVID-19 extensions

Reelin’ in the Year: DOL Clarifies COBRA Time Frames Related to COVID-19

On Friday, February 26, the Department of Labor (DOL) published Disaster Relief Notice 2021-01, a follow up to the Joint Notice published May 4, 2020. The May notice required that health and retirement plans disregard a number of deadlines for individuals during the COVID-19 National Emergency, plus a 60-day period (the “Outbreak Period”) starting March … More >>

Home » Resources – News, Blogs, and More

Press Release: New Whitepaper Examines Administrative Concerns with COBRA and COVID-19 Deadlines

DataPath examines the effects of COVID-19 on COBRA and upcoming ERISA plan deadlines LITTLE ROCK, ARKANSAS (February 16, 2021) – DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a whitepaper titled, “COVID-19 and COBRA Continuation Insurance: Where Do We Stand?” The paper takes a deeper look at the effect … More >>

Home » Resources – News, Blogs, and More

COVID-19 Outbreak Period for ERISA Plans Expires February 28

Third party benefits administrators need to be aware of the upcoming end to the COVID-19 outbreak period for group health plans. This deadline, which ends February 28, 2021, could cause unfamiliar administrative burdens on TPAs. In May 2020, following the passage of the CARES Act, the IRS and DOL issued a joint notice on COVID-19 … More >>

Home » Resources – News, Blogs, and More
HRA vs HSA - Similarities, Differences

HRA vs HSA – Examining the Similarities and Differences

Do you know the difference between a HRA vs HSA? The key difference between the two is that an HRA is employer-owned whereas an HSA is employee-owned. With an HSA, the employee keeps the account and can transfer it when he or she changes jobs. Account holders may also invest their HSA funds.

Home » Resources – News, Blogs, and More