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 >>
President Trump’s 2019 budget proposal is creating some buzz around Medicare and HSAs. If you’re eligible for Medicare and have an HSA, here are some things you need to know. What is Medicare? Medicare is a federal health insurance program for people 65 and older, certain younger people with disabilities, and people with End-Stage Renal … 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 >>
If you own a Health Savings Account, you may have questions about your HSA and COBRA. This article answers questions surrounding HSA portability, HSA and COBRA premium payments, and HSA contributions and COBRA. Losing your job is a scary prospect. Not only is a source of income gone, but you also face the possibility of … 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 >>
Here are some enrollment season tips for TPAs during the hectic open enrollment season. It’s open enrollment time. That means third party administrators are making their rounds, visiting their clients and setting up their plans before the start of the 2018 plan year. We’ve put together some enrollment season tips for benefits administrators in order … 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 >>
The following infographic, “A Guide to Investing Your HSA Account for Growth”, provides an overview on Health Savings Account (HSA) basics, why you should use your HSA for retirement, investment strategies, and more: Guide To Investing Your HSA Account for Growth Health Savings Accounts (HSAs) are more than just a tax-advantaged tool for paying … 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 >>
Data from recent years shows that Health Savings Accounts are booming and factors indicate continued growth in years to come. Since 2013, employee participation in Health Savings Accounts (HSAs), which enable individuals and families to use tax-free money to pay for eligible health care expenses, has increased by nearly 54%. In 2015, estimated HSA enrollment … More >>
The 2017 school year is almost upon us! That means parents (and children) are starting their preparation rituals by shopping for clothes, school supplies, and back packs, and taking care of other assorted essentials. Of course, school-aged children have a lot of needs, one of them being healthcare. With the dawn of a new school … More >>
Health Savings Accounts (HSAs) have been growing in popularity over the past decade. Due to healthcare reform in Washington, D.C., and market demands, TPAs can benefit from a thriving HSA market. With multiple entities placing an increased focus on HSAs, TPAs need to know how to position themselves in order to take advantage of this … More >>
When a person has a change of status during the plan year, it affects his or her annual Health Savings Account (HSA) contribution limit. The following provides a regulatory overview (with some examples) of how a mid-year change of status affects HSA contribution limits. Most HSA owners are aware that they can change their planned … More >>
On Thursday, June 22, 2017, Senate Republicans released the draft of their new healthcare proposal, known as the Better Care Reconciliation Act (BCRA). Similar to the previously proposed American Healthcare Act (ACHA), Americans will see big changes to both FSAs and HSAs should the BCRA pass in its current form. The following provides an overview … More >>
What is a Flexible Spending Account (FSA)? What is a Health Savings Account (HSA)? What is a Dependent Care Account?