HSA vs 401k – Which Account to Fund First?

Think about this – you have a Health Savings Account (HSA) and a 401(k) through your employer. HSAs are generally thought of as a vehicle for healthcare savings – because it’s in the name – while most people understand that a 401k is used for retirement. A lot of people wonder though, which account should … More >>

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2021 HSA Contribution Limits Announced by IRS

The Internal Revenue Service (IRS) published the 2021 rates for Health Savings Accounts (HSAs) on Wednesday, May 20. The 2021 HSA contribution limits have increased as well as the maximum out-of-pocket limits for high deductible health plans. Learn more below. 2021 HSA Contribution Limits For 2021, the HSA contribution limits have increased due to inflation. … More >>

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Whitepaper: Addressing Education Gaps is Key to TPA Growth

Today’s healthcare consumers have more choice than ever when it comes to healthcare benefits. However, research suggests they are not utilizing those benefits as effectively as they could, in large part due to lack of knowledge and understanding about them. For third party administrators, understanding where the gaps exist and providing solutions to address them … More >>

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2020 Tax Deadline and HSA Contribution Deadline Extended to July 15

In response to the ongoing COVID-19 (coronavirus) pandemic, Congress and the Internal Revenue Service (IRS) have taken some key steps to ease specific concerns about taxes and healthcare benefits. Learn more about the 2020 tax deadline extension, HSA contribution extension, and HDHP updates for coronavirus treatments. 2020 Tax Deadline Extended by 3 Months The IRS … More >>

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How to Spur HSA Adoption and Ease the Financial Worries of Employees

How to Spur HSA Adoption: Insights and Strategies – A New Whitepaper from DataPath

New DataPath whitepaper examines how third party administrators can spur HSA adoption and remedy the financial fears of employees LITTLE ROCK, ARKANSAS (March 10, 2020) – DataPath, Inc., a leading technology solutions provider for consumer directed healthcare benefits administration, has published a whitepaper titled, “How to Spur HSA Adoption and Ease the Financial Worries of … More >>

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Taxes and HSAs – What You Need To Know

On Friday, March 20, the Treasury Secretary announced the 2020 tax filing deadline was extended from April 15 to July 15. It’s everyone’s “favorite” time of the year – tax season! If you’re wondering how to handle your HSA expenses at tax time, we’ve got the information you need about taxes, HSA tax forms, and … More >>

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Treating Mental Health with a CDH Account

Mental health currently represents one of the biggest healthcare challenges in the U.S. It is estimated that: One out of every five adults in the U.S. experiences a mental illness at some point in their lives Nearly 10 million adults live with a serious mental illness One-half of all chronic mental illnesses begin by the … More >>

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HSA Excess Contributions

HSA Excess Contributions – What Should You Do?

The federal government recognizes the strain of healthcare costs on Americans. To help ease this burden they created tools like Health Savings Accounts (HSAs), which allow healthcare consumers on high deductible health plans to set aside tax-free money to pay for medical expenses. But, as with any tax-advantaged financial tool, there is a limit on … More >>

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Cadillac Tax repealed by Congress; approved by President Trump

Cadillac Tax Repealed, PCORI Extended Under New Spending Bill

In a new spending bill approved last week, the controversial Cadillac Tax has been permanently repealed. On December 17, 2019, the House of Representatives passed an appropriations bill that approved federal funding for 2020, repealed the Cadillac Tax, and extended PCORI, among other things. The Senate approved two days later, and then on Friday, December … More >>

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TPA Growth is Linked to Addressing Gaps in Benefits Education – New DataPath Whitepaper

LITTLE ROCK, ARKANSAS (December 12, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits administration, announced today the release of a whitepaper titled, “Addressing Education Gaps is Key to TPA Growth.” In the whitepaper, DataPath summarizes findings from a survey they conducted in August 2019 that focuses on employees and their … More >>

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Qualified HDHPs, Embedded Deductibles, and Your HSA

In the healthcare world, a deductible is the amount consumers must pay out-of-pocket before their health insurance coverage begins paying for covered medical services. That’s why, assuming your plan offers choices, selecting the right deductible amount is an important decision. If you own a Health Savings Account (HSA), it’s vital that you know the impact … More >>

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How Much Should I Contribute To My HSA?

During enrollment season, people who own a Health Savings Account (HSA), or have recently opened one, wonder, “How much should I contribute to my HSA?” HSAs are a unique tax-advantaged tool for healthcare consumers to pay for qualified healthcare expenses. Understanding how funding works with this account is key to answering the contribution question. HSA … More >>

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8 Questions To Ask Your Employees When Building Benefits Plans

An employee benefits package is a vital tool for companies to attract and retain talented employees. It can also improve workforce health and engagement. But with four generations of people in today’s labor force, putting together a well-crafted plan that meets the needs of all employees can be a challenge. Baby Boomers nearing retirement have … More >>

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DataPath Article on Transparency in Healthcare Featured on FierceHealthcare

Industry Voices – Trump’s ‘shoppable’ prices order could bring significant overhaul Oct 11, 2019 By Thomas O’Banion Originally Posted on FierceHealthcare Most people wouldn’t think of buying an expensive item, such as a car or house, without performing extensive research and price comparisons. Yet, when it comes to healthcare services, comparison shopping has historically been … More >>

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