HSA Eligible Expenses

HSA Eligible Expenses

Since they were enacted in 2003, Health Savings Accounts (HSAs) have become an integral part of the consumer directed healthcare landscape for those with a high deductible health plan. As of August 2015, there were an estimated 14.5 million HSA accounts, meaning that a lot of people rely on their pretax set-aside funds to help reduce … More >>

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FSA, HRA, HSA, COBRA, Insurance Payments

HSA vs FSA – Breaking Down the Differences

The alphabet soup of consumer directed healthcare (CDH) – FSAs, HRAs, HSAs, MERPs, MSAs – can make it a challenge to keep track of which accounts provide what benefits. Some are strictly employee- or employer-funded, while others may be funded by any party. Some accounts offer rollover; others do not. Knowing the differences is important … More >>

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White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

DataPath, Inc. recently published a white paper that assesses the benefits of an end-to-end CDH card processor in the consumer directed healthcare market and suggests a remedy that addresses these critical concerns. The chief problem is the involvement of multiple parties in the payment process, which results in myriad complications for all parties. This convoluted … More >>

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White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

When considering an account-linked payment card for employer benefits, TPAs must find a solution that provides improved security, accountability, and flexibility for all parties involved in the transaction. Introduction The rise of consumer directed healthcare (CDH) during the past decade has led many employers to seek new methods to incent plan enrollment and enable employees to access … More >>

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Benefits Debit Card

Benefits Debit Cards Offer Convenience and Practicality

Today’s reality highlights the need for benefits debit cards: in a 21st century, first-world society, card payments are the norm rather than the exception. Card payment terminals are found just about everywhere – doctors’ offices, pharmacies, grocery stores, retail shops, taxicabs, subway stations, and more. With consumers utilizing debit and credit cards more and more … More >>

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HSAToday

The Future of HSAs is Today

Having recently celebrated its 12th birthday, the Health Savings Account (HSA) is more popular than ever.  During the first half of 2015, HSA usage grew by a whopping 42 percent compared to the same period during 2014, according to a study by Bank of America. While the Baby Boomer generation carries the highest HSA balances … More >>

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Summit

DataPath Summit: The Nation’s Best Benefits Administration Platform

DataPath has listened to the needs of TPAs everywhere to design an employee benefits administration platform that is everything they could ever need. From one simple, cloud-based platform, TPAs can now manage FSAs, HRAs, HSAs, Transit Accounts and Benefits Debit Cards from one simple centralized location.

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HSAToday

Health Savings Account Advantages

Do you know the advantages of having a Health Savings Account (HSA)? Do you know the potential tax savings you can accumulate over the life of your HSA account? Did you know that HSA funds can be used for more than just medical expenses once you reach retirement age?  There exist many Health Savings Account … More >>

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FSA, HRA, HSA, COBRA, Insurance Payments

Taxes and HSAs – What You Need To Know

It’s officially tax season! We have the information you need about taxes and HSAs, and what you need to do before April 18. As you know, tax filing season means that there are often numerous IRS forms that have to be filled out. When it comes to your HSA, there are two other very important … More >>

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ECFC logo

ECFC RELEASE: Hatch, Paulsen Introduce Bill to Enhance HSAs, FSAs

Bicameral Legislation Aims to Ease the Burden of Rising Health Care Costs for American Workers, Retirees with the Health Savings Act of 2016 WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee member, Congressman Erik Paulsen (R-Minn.) today introduced the Health Savings Act of 2016, legislation to simplify and … More >>

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FSA, HRA, HSA, COBRA, Insurance Payments

HRA vs HSA – What’s the Difference?

Do you know the difference between a Health Reimbursement Arrangement (HRA) and a Health Savings Account (HSA)? Each account has its own benefits and merits, and they are similar in some ways. The philosophy behind an HRA and an HSA is that they are designed to help make healthcare more affordable for workers and their … More >>

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Flexible Spending Account

HSA Investing – Many Account Holders are Missing Out

Health Savings Accounts (HSA), a popular component of employee benefit packages with high deductible health plans, offer an abundance of financial advantages for account holders. With tax-free contributions, interest-bearing accounts, and the option to invest, an HSA can be a significant player in an account holder’s financial security. In 2015, HSA owners can deposit up … More >>

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FSA, HRA, HSA, COBRA, Insurance Payments

Cadillac Tax: What the Impending Tax Means for Businesses and Employees

In recent weeks, financial experts have been discussing the Cadillac Tax that applies to health care programs, including pre-tax contributions to HSA accounts. The tax, according to Bruce Japsen of Forbes.com, “was created as part of the Affordable Care Act largely as a way to help fund subsidized benefits to the uninsured under the law. Starting … More >>

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FSA, HRA, HSA, COBRA, Insurance Payments

IRS Announces 2016 HSA Contribution Limits

The Internal Revenue Service (IRS) recently announced new 2016 HSA contribution limits. HSA plans are popular among workers who are enrolled in high-deductible health plans (HDHP) because they can make untaxed contributions into an account for medical expenses, reducing their overall tax bill to the IRS. In addition, account holders can roll over unused funds … More >>

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