Whitepaper: Student Loan Repayment Assistance Plans Can Help TPAs Thrive in a Challenging Market

Flexible Compensation: More than Healthcare Adding Compensation Management Services Can Help TPAs Thrive in a Challenging Market Employer-sponsored benefits come in many different forms. Most commonly, benefit packages include health and life insurance coverage, paid time off, healthcare spending accounts, and retirement plans. However, there is another form of flexible compensation that is becoming steadily more desirable – student loan reimbursement accounts. In this up-and-coming, underserved market, third party benefits administrators have an opportunity to

Home » CARES Act

New DataPath Whitepaper Identifies Student Loan Repayments as Emerging Market for TPAs

Whitepaper focuses on developing market for student loan repayment assistance plans, which impacts nearly 45 million Americans LITTLE ROCK, ARKANSAS (July 7, 2020) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, has published a whitepaper titled, “Flexible Compensation: More than Healthcare.” The whitepaper examines the positive effect that benefits such as health insurance, healthcare spending accounts, and retirement planning have on employers and workers. In particular, one benefit program rapidly

Home » CARES Act

COVID-19 COBRA Extensions and Claims Filing Update

The Internal Revenue Service (IRS), Department of Labor (DOL), and other federal agencies released an update on COBRA extensions and claims filing due to the COVID-19 outbreak. This latest guidance came after Congress passed the CARES Act in late March 2020, along with other initiatives to ease the economic effect on American workers and companies. The final notice, published April 29, 2020, recognized that “participants and beneficiaries covered by group health plans, disability or other employee

Home » CARES Act

FFCRA Expiration, “Path Out of the Pandemic” and Healthcare Benefits FAQs

With the recent expiration of the Families First Coronavirus Response Act (FFCRA), the Biden Administration is implementing a new plan called the “Path Out of the Pandemic.” This includes a number of proposed initiatives to help move the country along a path toward recovery. Some of the action items that will apply to employers and employees are discussed here. COVID-19 Updates For Employers While many Americans are fully vaccinated against COVID-19 (approximately 58% as of

Home » CARES Act

CARES Act: HDHPs and Telemedicine; OTC Medications Become Eligible Healthcare Expenses

On Friday, March 27, 2020, Congress passed the CARES Act (H.R. 748) and the President signed it into law. The $2 trillion bill was designed to provide economic relief for American citizens and business due to the COVID-19 healthcare emergency that has greatly impacted the U.S. economy. In addition to the stimulus checks and unemployment benefits the bill provided, the legislation also expanded how workers can use their healthcare benefits accounts. CARES Act Expands HDHP

Home » CARES Act

2020 Tax Deadline and HSA Contribution Deadline Extended to July 15

In response to the ongoing COVID-19 (coronavirus) pandemic, Congress and the Internal Revenue Service (IRS) have taken some key steps to ease specific concerns about taxes and healthcare benefits. Learn more about the 2020 tax deadline extension, HSA contribution extension, and HDHP updates for coronavirus treatments. 2020 Tax Deadline Extended by 3 Months The IRS officially extended the tax filing deadline, moving the date from April 15 to July 15, 2020. Tax payers (including individuals,

Home » CARES Act