Benefits education

Benefits Education: Reaching Employees in the Right Channels

Benefits education is a common concern in the workplace. Companies put together a great benefits plan only to find that their employees are not participating. The fact is, great benefits alone are not enough to make people want to use them. Employees need to be educated on what’s in the plan and how to use … More >>

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Benefits Strategies for Generation X in the Workplace

Building and communicating effective benefits strategies for Generation X. This is the second part of our series on engaging and educating the different generations about their benefits. There are four generations in the U.S. labor force, from Baby Boomers to Generation Z. This blog focuses on Generation X, benefits, and engagement strategies. What do you … More >>

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Whitepaper: Why Employers Should Consider Outsourcing Benefits Administration

Healthcare benefits are complicated. Federal regulations are under constant scrutiny and frequently undergo revisions. Plan setup, account management, and compliance are just a few of the time-consuming demands that come with the job of benefits administration. While employers may think they should handle these detail-oriented duties with an in-house staff, outsourcing benefits administration to an expert third party administrator can be more cost effective and help deliver a better overall experience.

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Nondiscrimination Testing: Why It’s Important for Employer Benefits

Health benefits are an effective tool for attracting and keeping talented employees, especially those in the upper ranks of a company. Health benefits are also a highly regulated industry, so it’s no surprise that the IRS wants to ensure that companies do not favor one group of employees over another. In particular, the IRS wants … More >>

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PCORI Fee Deadline Approaches

PCORI Deadline Approaches in Final Year for Fee

The 2019 Patient-Centered Outcomes Research Institute (PCORI) fee due date is quickly approaching. This year also marks the end of PCORI fees for most self-insured health plans. Due on July 31, 2019, the PCORI fee applies to employer-sponsored health plans ending between September 30, 2018 and before October 1, 2019. Learn more about PCORI fees, … More >>

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Whitepaper: How TPAs Can Capitalize on the HRA Market with a Flexible Solution

HRAs are a flexible tax-advantaged vehicle to help employers save money while delivering a strong benefits package for their workforce. The challenge for third party administrators is finding a benefits administration solution that enables them to attract and retain clients, deliver superior service, and create flexible and complex HRA plans without overbearing constraints from their solutions provider.

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IRS to expand HRA types to include ICHRA for employee health insurance

IRS and Other Agencies to Create New HRA Types

The Internal Revenue Services (IRS) issued a final rule to create two new types of Health Reimbursement Arrangements (HRAs). The newly created Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA will go into effect on January 1, 2020.

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DataPath Whitepaper Addresses TPA Concerns about Complex HRAs and Solution Capabilities

TPAs Need More Flexible Solutions for Complex HRAs LITTLE ROCK, Ark. (March 14, 2019) – Third party benefits administrators (TPAs) who offer Health Reimbursement Arrangements (HRAs) to their clients often find themselves frustrated by their system’s limited capabilities for complex HRAs. A new whitepaper from DataPath, Inc., a leading developer of cloud-based benefits administration solutions, … More >>

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People Like Cartoons! DataPath’s Captain Contributor Featured on ThinkAdvisor

DataPath has recruited ‘Captain Contributor’ to help it explain all of those complicated accounts, and rules. By Allison Bell at ThinkAdvisor U.S. employee benefits rules have turned into such a maze that the complexity is hurting use of flexible spending arrangements (FSAs), health savings accounts (HSAs) and other personal benefits account programs. Employees, meanwhile, are … More >>

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DataPath’s Employee Engagement Program Highlighted in Employee Benefit Adviser

Captain Contributor Avenges Workers Wronged by Poor Benefits Planning By Caroline Hroncich at Employee Benefit Adviser When disasters come knocking, Superman or Batman can help save the day. But when benefits problems are on the horizon, Captain Contributor is the superhero employees might want to turn to. A former tax accountant turned superhero (his origin … More >>

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Trump Administration Proposes HRA Expansion

White House Releases New Proposal for HRA Expansion

The Trump administration recently released a proposed rule that, if finalized, would expand access to Health Reimbursement Arrangements (HRAs). The proposed rule, issued by the Departments of Health and Human Services (HHS), Labor (DOL), and Treasury, would lift restrictions on the use of employer-sponsored benefit accounts to purchase health insurance on the individual marketplace. The … More >>

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Benefit Solutions, Inc. (Your Flex)

Client Spotlight: Benefit Solutions, Inc.

Benefit Solutions, Inc. (BSI) is a third party administration (TPA) firm that helps employers and brokers develop comprehensive, compliant employee benefit packages. They also provide benefits administration services for Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and COBRA.  Headquartered in Midlothian, Virginia, BSI currently serves more than 500 clients throughout … More >>

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