The U.S. unemployment rate is low, which means companies everywhere are in a battle to recruit and hire talented employees. In an economy where workers have the upper hand, the first response of employers is often to raise salaries and wages. However, research shows that a competitive benefits plan can play an increasingly vital role … More >>
The following infographic outlines the must-have features of benefits administration software for third party benefits administrators. If your solution doesn’t have all of these, it may be time to upgrade. To streamline your workflow and increase the bottom line, look for these features and capabilities.
Health Savings Accounts (HSAs) are a wonderful tool for saving money on healthcare expenses. When you enroll in a qualified high deductible health plan and sign up for an HSA, you contribute pre-tax money into an account then withdraw those funds for qualified healthcare expenses. When used for qualified expenses, withdrawals are tax-free. However, many HSA owners wonder if the money can be used for non-qualified expenses. If so, is there an HSA withdrawal penalty?
DataPath has recruited ‘Captain Contributor’ to help it explain all of those complicated accounts, and rules. By Allison Bell at ThinkAdvisor U.S. employee benefits rules have turned into such a maze that the complexity is hurting use of flexible spending arrangements (FSAs), health savings accounts (HSAs) and other personal benefits account programs. Employees, meanwhile, are … More >>
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 … More >>
DataPath Earns National Recognition for Employee Engagement Website for Healthcare Benefits LITTLE ROCK, ARK. (November 29, 2018) – DataPath, Inc., a leading provider of technology solutions for tax-advantaged benefits administration, was recently awarded a 2018 MarCom Gold Award. The award was issued for CaptainContributor.com, DataPath’s employee engagement and education program website, in the category of … More >>
2019 FSA contribution limits will increase by $50.00, going from $2,650 to $2,700. The increased contribution limit affects health FSAs and limited purpose FSAs. Health FSAs may be used for a wide range of out-of-pocket healthcare expenses, including co-pays, deductibles, most dental and vision services, prescriptions, and more. Limited Purpose FSAs are coupled with an HSA and may be used for vision and dental expenses only. Dependent Care Assistance Plans will stay at the $5,000 annual limit.
Captain Contributor Avenges Workers Wronged by Poor Benefits Planning By Caroline Hroncich at Employee Benefit Adviser When disasters come knocking, Superman or Batman can help save the day. But when benefits problems are on the horizon, Captain Contributor is the superhero employees might want to turn to. A former tax accountant turned superhero (his origin … More >>
The Trump administration recently released a proposed rule that, if finalized, would expand access to Health Reimbursement Arrangements (HRAs). The proposed rule, issued by the Departments of Health and Human Services (HHS), Labor (DOL), and Treasury, would lift restrictions on the use of employer-sponsored benefit accounts to purchase health insurance on the individual marketplace. The … More >>
DataPath Adds Podcast Series to Award-Winning Benefits Education Program LITTLE ROCK, ARK. (October 25, 2018) – DataPath, Inc., a leading provider of cloud-based solutions for benefits administration, announced today that is has released a podcast series for its award-winning employee education and engagement program, The Adventures of Captain Contributor. The three-part podcast series is timed … More >>
Partner Marketing Programs Can Affect a TPA’s Ability to Control Costs and Successfully Grow Business LITTLE ROCK, Ark. (October 17, 2018) — When third-party administrators (TPAs) evaluate potential benefits administration platforms, one frequently overlooked part of the selection process is the platform provider’s partner marketing program. A new white paper from DataPath, Inc., a leading … More >>
Employee benefits strategies are rapidly changing in response to the constantly evolving work environment. Increasingly, employers are taking a closer look at their benefit plans to see if they still align with the demands of today’s workforce. Historically, employee benefits strategies have focused mainly on traditional healthcare and retirement offerings. But todays employees – especially … More >>
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 … More >>
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).