DataPath Announces Addition of HSA Administration and Investments in Cloud-Based Summit Platform DataPath’s fully-unified Summit platform becomes the industry’s only cloud-based solution to feature FSA, HRA, HSA and COBRA administration capabilities LITTLE ROCK (March 12, 2018) ‒ DataPath, Inc., a leading innovator of employer-sponsored benefits administration solutions, announced today its new Health Savings Account (HSA) … More >>
If you thought 2017 was an interesting year in the healthcare arena, 2018 promises even more change! The biggest healthcare trends in the industry revolve around attempts to manage rising insurance and medical costs. For example, more small to mid-size employers are exploring self-insurance, where they self-fund their healthcare plans and use group stop-loss insurance … More >>
New white paper analyzes the current state of software technologies and the impact on CDH account and COBRA administration LITTLE ROCK, AR (December 6, 2017) – A new white paper released today by DataPath, entitled “How to Revolutionize CDH Account and COBRA Administration with New, Seamless Technology for TPAs,” evaluates the evolution of computer technology … More >>
For TPAs who offer HSA administration services, understanding HDHP enrollment and wellness program participation can be key when talking to clients and prospects. This article outlines the link between HDHP insurance and wellness programs. How High Deductible Health Plans Increase Wellness Program Participation As the cost of healthcare premiums continues to rise, more employers are … More >>
DataPath Summit Marks Industry First with New Billing Functionality DataPath’s expanded Summit platform becomes the industry’s only cloud-based solution for seamless CDH account and COBRA administration. LITTLE ROCK (November 7, 2017) ‒ DataPath, Inc., a leading innovator in the consumer-directed healthcare industry, announced today new COBRA billing functionality in Summit, the company’s cloud-based benefits administration … More >>
On Tuesday, October 31, 2017, the Internal Revenue Service (IRS) released official guidance on the usage of Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs) in Notice 2017-67, The guidance comes nearly a year after the passage of the 21st Century Cures Act, which was signed into law by President Obama in December 2016, and contains … More >>
On Friday, October 20, the Internal Revenue Service (IRS) released updated rules for 2018 contribution limits for health Flexible Spending Accounts (FSAs), Transportation benefits, and Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs). These amounts go into effect on January 1, 2018. The 2018 FSA contribution limits, and other benefit account increases are as follows: 2018 … More >>
Through an executive order signed Thursday, October 12, President Donald Trump lifted some insurance rules that were put in place by the Affordable Care Act (ACA). The President’s executive order, “Promoting Healthcare Choice and Competition Across the United States,” prioritizes three areas for his Administration: association health plans, short-term limited-duration insurance, and Health Reimbursement Arrangements … More >>
Imagine a healthcare system where everyone in the U.S. is a knowledgeable, savvy consumer of medical services and plays an active role in purchasing and consuming the services they receive. With the advent of healthcare consumerism – a movement to make the delivery of healthcare services more efficient and cost-effective – it may be here … More >>
This guide provides answers to frequently asked questions about Health Reimbursement Arrangements (HRA FAQs). For questions and answers regarding Qualified Small Employer HRAs (QSEHRAs), go here. A Health Reimbursement Arrangement (HRA) is part of consumer driven healthcare, allowing participants to use set aside money to pay for out-of-pocket medical expenses for themselves and their families. … More >>
Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), help individuals and families pay for medical expenses. They also provide more control over how and where to pay for those expenses. One frequently asked question is “can a person have both an HRA and HSA at the same time?”. The … More >>
In today’s cost-conscious healthcare environment, small businesses have several tools they can use to manage the cost of providing employees with a healthcare plan. One of the most effective is a Health Reimbursement Arrangement, or HRA. Not only do HRAs enable employers to use tax-deductible funding to help employees pay for healthcare expenses, they also … 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, where time is of the essence, debit cards provide an efficient payment method for consumers everywhere. They eliminate the time and hassle involved in writing checks or stopping at the … More >>
Millennials are younger and healthier in comparison to 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 workers … More >>