9 Ways to Spend Your FSA Funds Before Year End

Calendar

Some plans require participants to spend FSA funds before the end of the plan year or risk losing the funds altogether; others allow carryover to the next plan year. If uncertain of your plan’s requirements, check with your benefits administrator. Flexible Spending Accounts (FSAs) are a popular employer-sponsored benefit. According to a 2015 survey by … More >>

FSA Contribution Limit 2017, IRS Inflation Adjustments Affect FSAs

FSA, HRA, HSA, COBRA, Insurance Payments, QSEHRA guidance

Newly released IRS inflation adjustments increase the FSA contribution limit in 2017. The Internal Revenue Service (IRS) released its inflation adjustments for 2017, which affect more than 50 tax provisions, including several consumer directed healthcare (CDH) and employer-sponsored benefit accounts. Those who participate in Flexible Spending Accounts (FSAs) and Transit accounts will see some changes. … More >>

CDH Accounts Can Help Take the Scare Out of Halloween Injuries

Halloween

If you get injured this Halloween, look to your consumer directed healthcare (CDH) account to take the scare out of treating your boo-boo. Halloween is magical! All week long, people get festive by decorating their houses and lawns, carving pumpkins, and dressing up in their favorite costumes. However, when someone gets injured, Halloween can be … More >>

FSA Funds Can Help Account Holders Get Ready for Back to School

Back to School

Believe it or not, August is here! For many Flexible Spending Account (FSA) holders, there are only five months left before the end of their plan year and the FSA “use or lose it” policy has people thinking about how to make the most of their tax-free contributions. The great news is that back-to-school shopping … More >>

Limited Purpose FSAs

Limited Purpose FSAs

As part of the employer benefits landscape, many people have heard of the big three in consumer directed healthcare: Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs). But have you heard of Limited Purpose FSAs? Here’s a list of frequently asked questions (FAQs) and their answers to help you get … More >>

HSA vs FSA – Breaking Down the Differences

FSA, HRA, HSA, COBRA, Insurance Payments

The alphabet soup of consumer directed healthcare (CDH) – FSAs, HRAs, HSAs, MERPs, MSAs – can make it a challenge to keep track of which accounts provide what benefits. Some are strictly employee- or employer-funded, while others may be funded by any party. Some accounts offer rollover; others do not. Knowing the differences is important … More >>

FSA Eligible Expenses

Summit

Flexible Spending Accounts, known as FSAs, are an important part of consumer directed healthcare. The tax-advantaged accounts allow participants to pay for out-of-pocket medical expenses that may not be covered by their health insurance plans. Many companies offer FSAs as part of their employer-sponsored benefits packages. It’s estimated that 43 percent of all civilian (non-government) … More >>

Commuter Benefits – What You Need to Know

Transit

Commuter benefits have become a staple in many employer benefits plans, especially in major metropolitan areas around the United States. Commuter expenses add up quickly and become quite costly when you take into consideration fuel costs, vehicle maintenance, parking fees, transit fares, and other associated expenditures. Thankfully the IRS created a way for commuters to … More >>

White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

FSA, HRA, HSA, COBRA, Insurance Payments

DataPath, Inc. recently published a white paper that assesses the benefits of an end-to-end CDH card processor in the consumer directed healthcare market and suggests a remedy that addresses these critical concerns. The chief problem is the involvement of multiple parties in the payment process, which results in myriad complications for all parties. This convoluted … More >>

White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

FSA, HRA, HSA, COBRA, Insurance Payments

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. Introduction The rise of consumer directed healthcare (CDH) during the past decade has led many employers to seek new methods to incent plan enrollment and enable employees to access … More >>

Benefits Debit Cards Offer Convenience and Practicality

Benefits Debit Card

Today’s reality highlights the need for benefits debit cards: in a 21st century, first-world society, card payments are 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 … More >>

DataPath Summit: The Nation’s Best Benefits Administration Platform

Summit

According to a recent study conducted by SHRM, employer-sponsored benefits increased by 35 percent in 2015, which is a seven percent increase from the previous year. This statistic, coupled with the study’s finding that “job seekers place greater importance on health care coverage … and on other benefits rather than their base salaries” points to … More >>

ECFC RELEASE: Hatch, Paulsen Introduce Bill to Enhance HSAs, FSAs

Bicameral Legislation Aims to Ease the Burden of Rising Health Care Costs for American Workers, Retirees with the Health Savings Act of 2016 WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee member, Congressman Erik Paulsen (R-Minn.) today introduced the Health Savings Act of 2016, legislation to simplify and … More >>