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How to Spur HSA Adoption: Insights and Strategies – A New Whitepaper from DataPath

How to Spur HSA Adoption and Ease the Financial Worries of Employees

New DataPath whitepaper examines how third party administrators can spur HSA adoption and remedy the financial fears of employees

LITTLE ROCK, ARKANSAS (March 10, 2020) – DataPath, Inc., a leading technology solutions provider for consumer directed healthcare benefits administration, has published a whitepaper titled, “How to Spur HSA Adoption and Ease the Financial Worries of Employees.” The whitepaper examines why Health Savings Account (HSA) adoption has slowed and how third party administrators and benefits brokers can turn the trend around. The key, according to the whitepaper, is by focusing on the short- and long-term benefits of HSA ownership and the practical advantages of HSAs over other financial planning tools.

According to MetLife’s 17th Annual U.S. Employee Benefit Trends Study, four of the top five financial concerns for employees revolve around healthcare and retirement. The whitepaper analyzes why a 401(k), while beneficial and widely accessible, is not ideal for combatting these concerns due to restricted usage, tax implications, and the long-term commitment. An HSA, however, offers greater tax benefits and flexibility for immediate or future usage.

“TPAs and brokers are uniquely positioned as subject matter experts to help their employer clients,” says John Robbins, Jr., DataPath President and CEO. “To improve HSA adoption, you have to understand the root of people’s concerns about their personal finances. Then it is easier to have practical conversations on how a high deductible health plan with an HSA functions.”

Download “How to Spur HSA Adoption and Ease the Financial Worries of Employees” and get your free insight today!

About DataPath: DataPath, Inc. is a privately-owned company founded in 1984. Headquartered in Little Rock, Arkansas, DataPath creates administrative and financial technology solutions for CDH, HSA, COBRA and Billing management. The company is also an industry leader in employee education, with its multi-award winning benefits engagement program, The Adventures of Captain Contributor™. For more information, visit dpath.com.

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Home » Resources – News, Blogs, and More » How to Spur HSA Adoption: Insights and Strategies – A New Whitepaper from DataPath
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Debit card access to employee benefit accounts saves time and hassle for TPAs, employers, and employees alike. Who doesn't love a WIN-WIN-WIN??? bit.ly/3YXHdrF pic.twitter.com/J7NA…

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3:57 pm · January 27, 2023
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DataPath, Inc.
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In many cases, #savingtime also #savesmoney. The Summit Mobile App helps employers and participants do both. Learn more in this brief video. wi.st/405arFA pic.twitter.com/35dL…

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5:16 pm · January 26, 2023
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DataPath, Inc.
DataPath, Inc.
@DataPath_Inc

The #HRA Council reports that use of #ICHRA plans has grown 350% since 2020. #QSEHRAs have nearly doubled over the same period. Average participation is around 60%. bit.ly/3iYKBT7 pic.twitter.com/O3gp…

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3:23 pm · January 24, 2023
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DataPath, Inc.
DataPath, Inc.
@DataPath_Inc

Congratulations to our team members who have their DataPath anniversaries in January! Thank you for everything you do for our clients and each other, this year and every year. #GoBeyond pic.twitter.com/O4UL…

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4:25 pm · January 23, 2023
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DataPath, Inc.
DataPath, Inc.
@DataPath_Inc

With the widespread incidence this winter of viruses such as #RSV, #flu, and #COVID, it's a good thing that OTC medications and personal protective equipment (PPE) are eligible for purchase with #FSA and #HSA funds. bit.ly/3Wy1HWC pic.twitter.com/4XY2…

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3:40 pm · January 23, 2023
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MENUMENU
  • DataPath Cloud
    • Summit Platform
    • CDH Accounts (FSA, HRA, HSA, Transit and more)
      • FSA Administration
      • HRA Administration
      • HSA Administration
    • HSAs and Investments
    • Lifestyle Spending Accounts
    • COMPASS Card
    • Medicare Solutions Debit Card
    • Card Processing Solutions
    • COBRA and Other Billing Solutions
  • Services
    • Business Process Outsourcing
    • Marketing Services
  • Resources
    • Partner Marketing and Support
    • Brochures
    • Videos
    • Whitepapers
    • Infographics
  • News
    • Blog
    • DataPath News
    • Press Releases
  • About
    • Company Overview
    • Company History
    • Leadership
    • Careers
  • Contact
  • InTouch
  • Watch a Demo