New Reporting and Compliance Requirements in 2022
…out-of-pocket costs. Deadline for submission to HHS is initially December 27, 2022, and then by June 1st each year thereafter. PCORI Fee Change For plan years that end on or…
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10 Things to Know about HSAs
…qualified medical expenses are tax-free. That can add up! 3. Flexible Contributions With an HSA, you can change the amount you contribute during the plan year. For instance, if you…
IRS Expands Preventive Care Allowed Under HDHPs
…costly medical intervention. Ruled Changed Due to Executive Order on Medical Price Transparency This rule change is made pursuant to the Executive Order on medical price transparency signed by President…
DataPath Completes Client-Focused, Market-Driven Reorganization
…develop software platforms to manage account-based plans such as FSAs, HSAs, and HRAs in addition to COBRA administration and payment solutions. Additional organizational changes that support the company’s client-focused approach…
Eco-Friendly Benefits: Sustainability Initiatives in the Workplace
…future generations. Adopting sustainable practices not only helps mitigate climate change but also enhances corporate social responsibility and can improve brand reputation. Moreover, employees are increasingly prioritizing sustainability when choosing…
Benefits That Attract and Retain Millennials
…for Millennials. Generation Y, more commonly called Millennials, were born between 1981 and 1996. Millennials experienced rapid technological changes and grew up in an era of Microsoft and Apple, a…
Whitepaper: Thriving HSA Market Continues to Offer Growth Opportunities for TPAs
…Flexible Spending Accounts (FSAs) are the oldest type of tax-advantaged CDH account, and still the most popular among employers, the winds have begun to change. For example, although 63 percent…
“11 years of ACA: Consumer-directed health care accounts thrive” – BenefitsPRO Features Remarks from DataPath CMO
…recently published a whitepaper and presented a webinar detailing the ACA’s timeline, provisions and the affect on consumer-directed healthcare accounts. The one constant with the ACA has been change. “The…
How COBRA Works with Healthcare Benefit Accounts
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allows employees who experience a qualifying event to change or continue their coverage under the employer-sponsored group health plan. Qualifying events…
HSA Expansion Bills Approved by Ways and Means
…2006 that expired in 2012.) HSA Modernization Act (H.R. 5687) In what might be the most significant change between the two bills, H.R. 5687 would increase the HSA contribution limit…