There have been five additional pandemics recorded since the Spanish Flu infected 500 million people worldwide in 1918-1920. Even so, the SARS-CoV-2 coronavirus caught the world’s population off-guard. Americans in particular were unprepared for the immense impact that COVID-19 would have on their lives, their families, and their livelihoods. The pandemic caused dramatic changes to … More >>
President Biden signed the Inflation Reduction Act (IRA) into law on August 16, 2022. Among other provisions, the IRA: Addresses aspects of the Affordable Care Act (ACA) Requires Medicare to negotiate drug prices with manufacturers Caps the cost of prescribed insulin for Medicare recipients at $35 a month Provides an insulin safe harbor for high-deductible … More >>
DataPath’s one-of-a-kind employee education and engagement program, Captain Contributor, earns another national award. LITTLE ROCK, ARKANSAS (August 2, 2022) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, has been named a National Health Information Awards (NHIA) winner for 2022. This is the company’s third NHIA award and 11th national award overall … More >>
Do you know how PCORI affects patients and employers? Learn more here. Two of the biggest drivers of escalating healthcare costs are the lack of knowledge about the cost of medical services and the low levels of engagement from patients in their healthcare decisions. Thanks to healthcare consumerism, this is starting to change. Healthcare consumerism … More >>
DataPath garners 10th national award for employee education and engagement program LITTLE ROCK, ARKANSAS (June 17, 2022) – DataPath, Inc., a leading developer of technology solutions for third party benefits administration, has been selected for a Bronze Award in the 24th annual Digital Health Awards® program. The company was honored for a comic book about Health Reimbursement … More >>
Attractive benefits plans are essential in today’s labor market. Smaller businesses in particular often struggle to find affordable group health insurance plans that comply with ACA regulations. Take a look at how an Individual Coverage Health Reimbursement Arrangement, or ICHRA, can help businesses. What is an ICHRA? ICHRAs are an attractive option for both employers and their … More >>
Linking tax-advantaged benefits accounts such as FSAs and HSAs to benefits debit cards is more convenient for everyone concerned. Employees are able to make eligible purchases without having to front the expense, file a claim, and wait for a reimbursement. Employers and TPAs usually do not have to manually process a claim due to the … More >>
Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs) have similar acronyms, and the confusion doesn’t end there. While they all offer valuable benefits, some of those benefits overlap. If these are available, be aware of their differences and similarities to determine which is best for your needs. What are HSAs, … More >>
For many of us, our children are our greatest gifts. But caring for even the happiest and healthiest children can take a toll on parents. Add full-time work (or multiple part-time jobs) into the mix, and some days may feel like a challenge you can’t overcome. Now imagine taking care of an aging parent at … More >>
Did you know that it’s National Children’s Dental Health Month? Parents have a lot of questions about their kids’ teeth. Each February, the American Dental Association (ADA) takes this opportunity to raise awareness regarding children’s dental health with tips and tricks. And, you can use your benefit accounts to pay for much of it! Children’s … More >>
The Health Resources and Services Administration (HRSA) of the U.S. Dept. of Health and Human Services (HHS) recently announced new preventive care and screening guidelines aimed at reducing out-of-pocket expenses for women, infants, children, and adolescents. The new guidelines take effect for plan years beginning in 2023. Under the Affordable Care Act (ACA), certain group … More >>
The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Employers and workers alike have questions about how a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) will affect them. Legal experts are in the process of interpreting the law, but here’s a list of some QSEHRA FAQs and their answers that are generally agreed upon.
Given the important role that the software solution can hold in the user experience equation, what should benefits brokers, TPAs and employers expect from their software providers? By John Robbins Jr. Originally Posted by BenefitsPRODecember 22, 2021 Benefit brokers, third-party administrators (TPAs) and human resource managers provide, administer and manage benefits packages for companies of … More >>
Healthcare costs are expected to trend higher by about 6.5 percent this year. COVID-19 and mental health care will drive the increase, among other health issues. But some relief is already here. Effective January 1, the No Surprises Act aims to protect patients after a service or product has already been provided by banning certain out-of-network billings and … More >>
Companies spend a lot of time and money creating valuable benefits plans for employees. But even after all that work, they still often get low participation. Good benefit choices require employers to help employees understand their benefits. PlanSponsor recently reported that two-thirds of employees want year-round help understanding and using their benefits. That number goes up … More >>