A Medicare Set Aside account, also known as an MSA, is an important component of the workers’ compensation payment landscape. Here’s the essential information you need to know about who qualifies for them, how they work, approved expenses, etc. What is a Medicare Set Aside Account? A Medicare Set Aside Account (MSA) is a settlement … More >>
Linking tax-advantaged benefits accounts such as FSAs and HSAs to benefits debit cards is more convenient for everyone concerned. Employees are able to make eligible purchases without having to front the expense, file a claim, and wait for a reimbursement. Employers and TPAs usually do not have to manually process a claim due to the … More >>
The average American worker spent between $2,000 and $5,000 commuting to work in 2019, and the average one-way commuting time increased to nearly 30 minutes. As of early May 2022, gas prices nationwide averaged $4.37/gallon, compared to $2.94/gallon in May 2019. That has added to the resistance of many employees over returning to the … More >>
For many people, transportation costs related to getting to work and back are not comparable to their healthcare costs. However, fuel costs, vehicle maintenance, parking fees, transit fares, and other associated expenses can still be a significant expenditure. To ease this financial burden for America’s workers, the IRS created a way for commuters to save … More >>
View the infographic below to discover the value of consumer directed healthcare accounts. The graphic features an overview of HSAs, HRAs, and FSAs, along with other helpful information. What is a Consumer Directed Healthcare Account? A consumer directed healthcare account is a type of medical savings account that: Helps pay for eligible medical expenses Can … More >>
Employees, employers and TPAs all find value from a strong employer benefits package. Employer-sponsored debit cards can further bolster benefits offerings. In today’s fast-paced world, debit cards provide an efficient payment method for consumers everywhere. They eliminate the time and hassle involved in writing checks or stopping at the ATM to get cash. Purchases are … More >>
Millennials are younger and tend to be healthier than their Gen X and Baby Boomer peers. Are Millennials and HDHPs with HSAs a good fit for employers and TPAs? A recent study on adults with health insurance shed light on the healthcare spending habits of the up-and-coming Millennial generation. Among the findings are that younger … More >>
When considering an account-linked payment card for employer benefits, TPAs must find a solution that provides improved security, accountability, and flexibility for all parties involved in the transaction.
DataPath has listened to the needs of TPAs everywhere to design an employee benefits administration platform that is everything they could ever need. From one simple, cloud-based platform, TPAs can now manage FSAs, HRAs, HSAs, Transit Accounts and Benefits Debit Cards from one simple centralized location.
Consumers who use debit and credit cards may have recently noticed that their cards look a little bit different. Many companies are now issuing cards with a card chip on the front, which is known as the Europay, MasterCard, and Visa (EMV). There is good reason many card issuers are using this new technology: Congressional … More >>