Brochure: Flexible Spending Account (FSA) Solutions

Summit was designed with TPAs in mind, empowering them to provide superior FSA administration for health, limited purpose, and child care FSAs. Our cloud-based FSA solution features a streamlined plan setup with default settings and wizards; TPAs can also create plan templates to be used with other similar plans. With the powerful data exchange, administrators can import plan participants and dependents, enrollments, claims, and contributions. Summit enables TPAs to conduct nondiscrimination testing directly in the

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FSA Mid-Year Elections, Grace Periods, Carryover and More: IRS COVID-19 Guidance

In May 2020, the Internal Revenue Service (IRS) published COVID-19 guidance for employer-sponsored healthcare benefits. Drafted to address unanticipated changes in medical and childcare costs due to the COVID-19 emergency, the two Notices – Notice 2020-29 and 2020-33 – relax mid-year election changes for health Flexible Spending Accounts (FSAs) and Dependent Care Assistance Programs (DCAPs). They also provide more flexibility in grace periods for both types of accounts and increase the maximum annual carryover amount

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Whitepaper: Addressing Education Gaps is Key to TPA Growth

Whitepaper: Addressing Education Gaps is Key to TPA Growth

Consumers have more choice than ever when it comes to healthcare benefits. However, research suggests they are not using those benefits as effectively as they could due to knowledge gaps. For TPAs, understanding where those gaps exist and providing solutions to address them is key to client satisfaction and business growth.

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COVID-19 Claims Run Out Extension for FSA and HRA Plans

On April 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and other federal agencies published a final notice providing COVID-19 relief guidance on COBRA extensions. The notice also extended run out periods for health Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) plans. Learn more about the COVID-19 claims run out extension and what it means for third party administrators, employers and participants. COVID-19 Claims Run Out Extension The final notice, now available

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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

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COVID-10 testing and healthcare benefits FAQs

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

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Cadillac Tax repealed by Congress; approved by President Trump

Cadillac Tax Repealed, PCORI Extended Under New Spending Bill

The controversial Cadillac Tax has been permanently repealed. In December 2019, President Trump signed into law an appropriations bill for 2020 that, among other things, repealed the Cadillac Tax and extended PCORI. The Cadillac Tax, which had never gone into effect, was unpopular with both major parties, labor unions, and benefits organizations. Bipartisan support After several years of delays, the move to repeal the unpopular tax began in July 2019, with the “Middle Class Health

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TPA Growth is Linked to Addressing Gaps in Benefits Education – New DataPath Whitepaper

LITTLE ROCK, ARKANSAS (December 12, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, announced today the release of a whitepaper titled, “Addressing Education Gaps is Key to TPA Growth.” In the whitepaper, DataPath summarizes findings from a survey they conducted in August 2019 that focuses on employees and their benefits knowledge. The technology firm also offers helpful suggestions for employers and third party administrators to fill the benefits education

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DataPath Article on Transparency in Healthcare Featured on FierceHealthcare

Industry Voices – Trump’s ‘shoppable’ prices order could bring significant overhaul Oct 11, 2019 By Thomas O’Banion Originally Posted on FierceHealthcare Most people wouldn’t think of buying an expensive item, such as a car or house, without performing extensive research and price comparisons. Yet, when it comes to healthcare services, comparison shopping has historically been nonexistent. However, with the recent signing of an executive order by the president, increased transparency in healthcare and a move toward healthcare consumerism could

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Multi-Generational Workforce

Benefits Strategies for Today’s Multi-Generational Workforce – A New Whitepaper from DataPath

DataPath whitepaper analyzes today’s multi-generational workforce, provides strategies to increase employee engagement. Little Rock, Arkansas (September 5, 2019) – DataPath, Inc., a leading solutions provider for third party benefits administration, published a new whitepaper today titled “Effective Benefits Strategies for Today’s Multi-Generational Workforce.” The whitepaper identifies the challenges that employers and benefits administrators face in shaping benefits programs and communicating them to employees. More specifically, there is no “one size fits all” approach to either

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outsourcing benefits administration

DataPath Whitepaper Analyzes the Value of Outsourcing Benefits Administration for Employers

New DataPath whitepaper explores the complexities of healthcare benefits administration and why employers should consider outsourcing LITTLE ROCK, ARKANSAS (July 11, 2019) – The complex and highly-regulated field of healthcare benefits administration should not be taken lightly. A new whitepaper from DataPath, Inc., the longest running software provider in the healthcare benefits administration industry, surveys the potential perils of keeping benefits administration in-house and offers a solution for cost-minded businesses. The whitepaper, “Employers Looking to

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AVA Digital Award - Gold Winner

DataPath Wins 2019 AVA Digital Award for Employee Engagement Program

DataPath Employee Engagement Program Garners Video Gold Award LITTLE ROCK, ARK. (February 20, 2019) – DataPath, Inc., a leading provider of administration solutions for employer-sponsored healthcare benefit accounts, has won a 2019 AVA Digital Award Gold medal for “Captain Contributor Explains FSAs,” a video produced for its employee engagement program, The Adventures of Captain Contributor. Captain Contributor is designed to help third party benefits administrators educate employees about Flexible Spending Accounts, Health Savings Accounts, COBRA,

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