Come
Join Us!
Register today for DataPath's 2004 Annual
Conference in
New Orleans, August 30 - September 1, 2004.
DataPath in the News
DataPath,
Inc. To Serve As Health Savings Account Administrator for the
State Of Arkansas
Press
Release Announcing Implementation of myResourceCard® by
Minnetonka Insurance Agency
Video
of John Robbins, Sr. appearance on CNBC's Power Lunch (February 17,
2004)
to discuss the benefits of myResourceCard®.
Events
DPI-125 Basic
Software Training
DataPath
105-HRA / Defined Contribution Concept Seminars
DataPath-COBRA
Education / Training Seminars
General
Information about DataPath Seminars
Industry
Seminars where DataPath will participate.
Trade
Shows where DataPath will participate.
Event
Calendar
Informational
DataPath Websites
dpath.com
hsa223.com
hra105.com
myResourceCard.com
idpas.com
Change0fStatus.com
DataPath Products
DataPath
223-HSA
DataPath
105-HRA
DataPath
125
DataPath
132
DataPath
COBRA
MAX
105
myResourceCard®
DataPath Web Services
myRSC.com
DNS: DataPath
Web Services
E.F.T.S. Electronic
Funds Transfer Service
Contact Info:
Email Sales or call
1-800-633-3841
Email
Technical Support
or call 1-501-296-9993
About DataPath
Who
We Are
Our
Mission
Our
Vision for Tomorrow
Let's Build a Relationship!
Our Strengths!
What People are Saying about DataPath
First
Person in U.S. to
Sign up for
an HSA
Pam Wimbish (Aurora, Illinois) has the honor of being the first person
in the country to sign up for a Health Savings Account (HSA). Here is
what she had to say.
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IRS Releases New HSA Guidance on
Coordination of HSAs, HRAs, and FSAs
On May 11, 2004, IRS issued a press
release announcing the issuance
of Rev.
Rul. 2004-45, clarifying how Flexible Spending Arrangements
(FSAs) and Health Reimbursement Arrangements (HRAs) can interact with
Health Savings Accounts (HSAs).
Possibly the most welcome item in Rev. Rul. 2004-45 permits employers to allow their employees to temporarily suspend HRA benefits for the coverage period. This suspension allows the employee to contribute to an HSA without forfeiting any accumulated HRA benefits, and gives the employer transitional relief when adopting high deductible health plans (HDHPs) with HSAs.
For a detailed analysis of the Ruling, see the Alston & Byrd article, HSA
"Stacking" Guidance Includes Both Good and Bad News for HRA and FSA
Plans, posted
on our new HSA website announced below.
One Step Closer
to $500 FSA Rollover
On May 13, 2004, the House of Representatives approved HR
4279 by a
vote of 273-152. The bill, which would allow FSA rollovers of up to $500,
passed on a bipartisan vote with 50 Democrats supporting the measure.
“We are moving closer and closer to changing the ill-considered
use-it-or-lose-it rule
and encouraging employees to save their health dollars,” commented
ECFC Executive Director Bonnie H. Whyte.
More
. . .
Announcing www.hsa223.com:
Your Internet Resource for HSA Info
DataPath is proud to announce the opening of its newest website, www.hsa223.com,
offering Health Saving Account (HSA) information for the individual,
employee, employer, TPA, and broker. Following is a description of the
information you can find on the website.
Overview. The overview explains what an HSA is, how it
works, and how the employee can use HSA funds. Then it explains the differences
between HSAs and other plans, the tax savings under an HSA, and why an
eligible individual should choose an HSA.
More
. . .
Now Available from DataPath:
Global Claims Processing
DataPath’s new add-on system, Global Claims Processing (GCP),
is now available for those administrators with employers offering
two or more of the following Plans: § 125 Cafeteria Plans, § 105
Health Reimbursement Plans, and § 132 Tax-Free Transportation Plans.
The claim entry screen in GCP permits claim entry for reimbursements
under § 125, § 105,
and § 132 Plans. Even if the claim is to be paid from more than
one Plan, the claim needs to be entered only once. The system looks at
the parameters for
each
employer’s
plans (entered from other GCP screens)
and seamlessly directs the claim to be paid from the appropriate Plan.
More
. . .
DataPath COBRA:
DataPath's Exciting New Program!
Our users of the DataPath COBRA system are very enthusiastic about this new system. Until now, COBRA administration has been difficult with its deadlines, notices, and record keeping, but the DataPath COBRA system makes it easy with its To-Do Lists and document management. For instance, here are three of the most popular features: Document
Warehouse. The Document Warehouse takes a giant step toward the goal of a paperless office. When notices and letters are sent out, an exact copy of the document is saved—including any changes incorporated in the document.
More
. . .
Finally: Justice Department
Sues “Double Dippers”
For the last few years, we have heard that the “double-dip” schemes
were fraudulent, but nothing was done to stop them. You’ve had a hard-time explaining to employers why you could not provide a similar program when the "double-dip" marketers were continuing business. Times will change now.
The Justice Department has filed a civil injunction complaint alleging that 200 employers have illegally disguised wages as healthcare benefits in order to report lower federal employment taxes. The complaint estimated the tax loss to the U.S. Treasury resulting from these employers’ actions may be as high as $63 million.
More
. . .
New Document Set for
myResourceCard®
The document set for myResourceCard® has
been updated, and will be released shortly.. The document set consists
of (1) the Card Account Agreement
between the Bank and the Employer, (2) the Card Holder Agreement between
the Bank and the Employee, and (3) the Program Agreement between the
Employer and the Employee.
The document set is substantially the same, but has
been simplified and shortened. For instance, the Card Activation Agreement
has been condensed from ten pages to only three pages, and
the format for the Card Holder Agreement has been changed from individual
sheets to a multi-fold single-piece document.
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