HSA

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 how much account holders can contribute to their HSAs every year. If you go over the annual contribution limit, the

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Cadillac Tax Repealed, PCORI Extended Under New Spending Bill

The controversial Cadillac Tax has been permanently repealed. In December 2019, President Trump signed into law an appropriations bill for 2020 that, among other things, repealed the Cadillac Tax and extended PCORI. The Cadillac Tax, which had never gone into effect, was unpopular with both major parties, labor unions, and benefits organizations. Bipartisan support After several years of delays, the move to repeal the unpopular tax began in July 2019, with the “Middle Class Health

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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 benefits knowledge. The technology firm also offers helpful suggestions for employers and third party administrators to fill the benefits education

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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 nonexistent. However, with the recent signing of an executive order by the president, increased transparency in healthcare and a move toward healthcare consumerism could

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Benefits Strategies for Today’s Multi-Generational Workforce – A New Whitepaper from DataPath

DataPath whitepaper analyzes today’s multi-generational workforce, provides strategies to increase employee engagement. Little Rock, Arkansas (September 5, 2019) – DataPath, Inc., a leading solutions provider for third party benefits administration, published a new whitepaper today titled “Effective Benefits Strategies for Today’s Multi-Generational Workforce.” The whitepaper identifies the challenges that employers and benefits administrators face in shaping benefits programs and communicating them to employees. More specifically, there is no “one size fits all” approach to either

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IRS Expands Preventive Care Allowed Under HDHPs

With the issuance of Notice 2019-45 on July 17, 2019, the Treasury Department and the Internal Revenue Service (IRS) expanded the types of preventative care covered under a High Deductible Health Plan (HDHP) for people with certain chronic conditions. Under IRS code section 223(c)(2), HSA-qualified HDHPs cannot pay 100% of the cost for care received prior to the minimum deductible being met unless the care is classified as preventive. Created in 2005, Health Savings Accounts

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DataPath Whitepaper Analyzes the Value of Outsourcing Benefits Administration for Employers

New DataPath whitepaper explores the complexities of healthcare benefits administration and why employers should consider outsourcing LITTLE ROCK, ARKANSAS (July 11, 2019) – The complex and highly-regulated field of healthcare benefits administration should not be taken lightly. A new whitepaper from DataPath, Inc., the longest running software provider in the healthcare benefits administration industry, surveys the potential perils of keeping benefits administration in-house and offers a solution for cost-minded businesses. The whitepaper, “Employers Looking to

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