A desirable benefits package can look very different to members of the five generations that make up today’s workforce. Brokers are perfectly positioned to help their clients determine and define what a competitive benefits plan looks like, not only for their current employees, but for those they are hoping to attract.
A desirable benefits package can look very different to members of the five generations that make up today’s workforce. Brokers are perfectly positioned to help their clients determine and define what a competitive benefits plan looks like, not only for their current employees, but for those they are hoping to attract.
Employer-sponsored benefits and the fight to improve mental health December 18, 2018 By Bo Armstrong Originally Posted on BenefitsPRO.com Mental health is one of the most significant healthcare challenges facing Americans today. An unseen and often overlooked healthcare need, it impacts people everywhere – at home, in the workplace and at school. It is estimated that: The prevalence of mental illness is worrying. However, the fact that so many people are not receiving treatment for
Increasing Enrollment Starts with Employee Engagement October 1, 2018 By Bo Armstrong Originally Posted on BenefitsPRO.com Low employee engagement in benefits programs is a common problem, one that continues to grow as health care benefits become more complicated and costs continue to rise. In fact, many large employers report year-long engagement rates among employees and their benefits to be less than 10 percent. The reason? Employees have a hard time understanding how their benefits work.
DataPath, Inc., a leading provider of cloud-based benefits administration solutions, recently released new materials for its award-winning employee education and engagement program, The Adventures of Captain Contributor. The new materials include second edition comic books, videos, and fact sheets for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs).
As new technologies emerge, TPAs who offer benefits administration such as CDH account and COBRA administration should continually evaluate their day-to-day business operations to reduce costs through greater efficiency.
Are HSAs worth the effort for TPAs? Despite the growing popularity of HSAs, third-party administrators remain cautious, unsure whether HSAs can be profitable. By Katie Kuehner-Hebert HSA administration is more scalable than the management of flexible savings accounts, as HSA administrators can dedicate fewer resources to such personnel and hardware. As the explosive growth of health savings accounts continues, third-party administrators are considering whether it’s worth it to offer HSA management services, according to a
Little Rock, Arkansas (May 2, 2018) – As the HSA market steadily continues to grow, more third-party administrators (TPAs) are looking to add HSA management services to their portfolio. A new whitepaper published by DataPath, Inc. addresses common TPA concerns about entering the HSA market: revenue opportunity, workload, and the need to juggle multiple business and banking relationships. The whitepaper, entitled “How TPAs Can Overcome Potential Pitfalls to Deliver a Unified HSA Experience and Maximize
Since 2005, the market for Health Savings Accounts (HSAs) and qualified high deductible health plans has been continuously growing, and so has the market for HSA management services. TPAs need a solution that can help them streamline benefits administration, including HSAs, to deliver an industry-leading customer experience.
By The HRT News Desk DataPath, Inc., a leading innovator of employer-sponsored benefits administration solutions, announced today its new Health Savings Account (HSA) administration and investment functionality in Summit, the company’s cloud-based platform. The HSA expansion will make DataPath Summit the industry’s only SaaS solution with fully-unified CDH, investment and COBRA billing capabilities. With Summit HSA, third party administrators (TPAs) have the ability to administer all lines of service from one powerful platform. Prior to