Effective Benefits Strategies for Today’s Multi-Generational Workforce

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 … More >>

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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) have expanded the types of preventative care that can now be 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 … More >>

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Whitepaper: Analyzing the value of outsourcing benefits administration for employers

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 … More >>

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2020 HSA Contribution Limits Released by IRS

On May 28, 2019, the Internal Revenue Service (IRS) announced the 2020 HSA contribution limits. Next year, Health Savings Account (HSA) owners will see an increase in both single and family plan limits, as well as higher annual deductible and out-of-pocket limits. The updated limits are published in Revenue Procedure 2019-25. 2020 HSA Contribution Limits … More >>

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Amazon.com is now accepting FSA and HSA benefit cards

Amazon FSA, HSA Benefit Cards and Their Effect on the CDH Market

Healthcare consumers now have another online shopping option for saving on hundreds of qualified healthcare products with their FSA or HSA benefit cards. Online retailer Amazon.com is now accepting payments from these benefit accounts for eligible expenses. With this move, Amazon has joined FSAStore, Walgreens, and CVS, among other retailers, in the consumer directed healthcare (CDH) market. The Amazon … More >>

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HSAs and Filing Your Taxes

The tax filing deadline is coming up soon! If you have a Health Savings Account (HSA), you may have some questions about HSAs and filing your taxes. HSAs provide a tax-advantaged financial tool for reducing out-of-pocket healthcare expenses and saving for retirement. However, because the money contributed to your account is pre-tax, it must be … More >>

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Competitive Benefits Plan

How Competitive Benefits Plans Can Help Companies Keep Their Top Talent

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 >>

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Infographic: Top Features of Benefits Administration Software

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.

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Understanding the HSA Withdrawal Penalty and Other Useful Information

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?

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