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 >>
Diversified Administration, Inc., a third party administration firm, seeks to deliver top quality to its clients. The company focuses on helping employees to maximize take-home pay and businesses to increase tax savings, lower premiums, and generate increased employee loyalty. To accomplish this, Diversified Administration, Inc. partnered with DataPath to administer consumer directed healthcare (CDH) accounts … More >>
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 an MSA? An MSA is a settlement resulting from a workers’ compensation or personal … 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.
Today’s monetary environment highlights the need for benefits debit cards. In a 21st century, first-world society, card payments became the norm rather than the exception. Card payment terminals are found just about everywhere – doctors’ offices, pharmacies, grocery stores, retail shops, taxicabs, subway stations, and more. With consumers utilizing debit and credit cards more and … More >>
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.
The cost of work travel for commuters is high and hits them in time and in their wallets. According to Business Insider in 2019, workers spent between $2,000 and $5,000 annually on transportation. And as far as time spent, the U.S. Census Bureau calculated the average one-way commute went up to almost 30 minutes in … More >>
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 >>