HRA

COVID-19 Outbreak Period for ERISA Plans Expires February 28

Third-Party Administrators (TPAs) need to be aware of the upcoming end to the COVID-19 outbreak period for group health plans. This deadline, which ends February 28, 2021, could cause unfamiliar administrative burdens on TPAs. In May 2020, following the passage of the CARES Act, the IRS and DOL issued a joint notice on COVID-19 deadline extensions for ERISA. The February 28, 2021 end date is based on the CARES Act, which determined the outbreak period

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HRA vs HSA: Examining the Similarities and Differences

Do you know the difference between a HRA vs HSA? The key difference between the two is that an HRA is employer-owned whereas an HSA is employee-owned. With an HSA, the employee keeps the account and can transfer it when he or she changes jobs. Account holders may also invest their HSA funds.

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What is an ICHRA? 5 Questions Employees Have About ICHRAs

Most healthcare consumers know about Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). These popular healthcare benefit accounts allow individuals and families to cover out-of-pocket healthcare costs by setting aside money before taxes are taken out. There are rules about account eligibility, contribution limits, and more. Plus, the funds must be spent on IRS-approved healthcare products. If they spend funds on ineligible items and services, account holders could face taxes or penalties. These accounts

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HRA Plan Types: A Breakdown (Infographic)

Breaking Down HRA Plan Types A Health Reimbursement Arrangement (HRA) is a tax-advantaged health benefit funded and owned by employers. Depending on the type of HRA, employees can use money from the account to pay for IRS-approved healthcare expenses and health insurance premiums and it does not count toward their taxable income. Learn more about HRA plan types: HRA Plan Types Standard HRA Individual Coverage HRA (ICHRA) Excepted Benefits HRA (EBHRA) Qualified Small Employer HRA

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Captain Contributor Program Wins 2020 AVA Digital Gold Award

DataPath’s employee education and engagement program earns sixth national award LITTLE ROCK, ARKANSAS (June 9, 2020) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, has been named an AVA Digital Gold Award winner for the second year in a row. The AVA Digital Awards recognize excellence by creative professionals who plan, direct, design and produce digital communications. DataPath received the 2020 Digital Gold Award for its video, Betty the Benefactress Explains

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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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2019 MarCom Awards: DataPath Wins Gold for Captain Contributor HRA Video

DataPath employee engagement program earns gold award for HRA video LITTLE ROCK, ARKANSAS (November 7, 2019) – DataPath, Inc., a leading technology solutions provider in the employer-sponsored benefits industry, announced today that its employee education and engagement program, The Adventures of Captain Contributor, has received a 2019 Marcom Gold Award. The technology firm was cited for its newest video on Health Reimbursement Arrangements (HRAs), “The Adventures of Captain Contributor and the Robot Ruckus.” The video

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New Captain Contributor HRA Materials from DataPath: Press Release

DataPath releases new HRA materials for award-winning employee engagement program LITTLE ROCK, ARKANSAS (September 24, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, announced today that it has released new materials for its award-winning The Adventures of Captain Contributor™ education and engagement program. Focused on Health Reimbursement Arrangements (HRAs), these new materials include a comic book, video, and fact sheets. In the new comic book and video, benefits superheroes Captain

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