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
Now Available:
2003 Form 5500
The 2003 Form 5500
update and full install (version 2.0.011) and an updated PDF Manual
are now available for download. (The
2003 input screens are the same as the 2002 input screens.)
To
download: Go to www.dpath.com and
(1) select Support, (2) log in, and (3) select Downloads. Follow
the
instructions
for downloading the installation file.
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FLASH!
DataPath to Offer Debit
Card as Employee Reimbursement Option
DataPath and Benefit Bank have been approved by MasterCard® to
issue a "limited utility" debit card to employees who participate in employer-sponsored
reimbursement plans, such as Flexible Spending Accounts (FSAs).
mySourceCard™, a MasterCard® debit
card, will allow employees and their family members to easily access
funds to pay for out-of-pocket health care costs, such as office co-pays,
prescriptions, dependent care, and more.
mySourceCard™ is intended to have limited
utility. At the request of Benefit Bank, use of this card is authorized
for qualified purchases only as set forth in the Benefit Bank card
agreement. It should not be used at other MasterCard® acceptance
locations. No cash access.
The cards will be available in the near future. We will be providing complete
details at the Annual Conference in New Orleans, including marketing
materials, enrollment forms, and more.
Register Today for Connections '04
DataPath's 2004 Annual Conference
Don’t miss our 2004 Annual Conference! This is your opportunity to
learn about:
- HSAs and how the DataPath Solution revolves around the Plan
Service Provider in both the group 125 and individual markets.
- How FSAs and HSAs can work together for the same employer.
- The latest COBRA news and updates.
- The latest regulations and trends from experts in the field.
- Need another card to fill your straight? Here's two cards
to give you a winning hand:
- myResourceCard®: Find out what's new
and what's coming with the MasterCard® that “bridges
bank credit with employee benefits”!
- mySourceCard™: Find out how DataPath is going to connect you with a MasterCard® debit card!
Guest Speakers:
John Hickman, Alston & Bird. In addition to covering the latest changes in regulations, John Hickman will discuss one of the hottest topics in our industry, the Health Savings Account (HSA).
See
the rest of the speakers and their topics .
. .
AT LAST:
Further Guidance on HSAs Received!
Further guidance from Treasury and the IRS was expected to be released in
June. The release of this guidance, in Question and Answer format,
was pushed ahead again and again. This is evidence of the complexity of the
guidance.
However, the guidance has been issued just as we are publishing this
newsletter. Instead of holding up the newsletter, we will be emailing
an Alert on this guidance later today. The Alert will also be posted
on the home page of www.dpath.com.
Be Sure to Visit the DataPath Booth at the ECFC Conference in Naples, Florida
Come visit our booth if you attend the ECFC Conference in Naples, Florida, August 10-13, 2004. Learn about the latest in DataPath’s administrative software, and let us tell you how DataPath is facilitating the role of the plan service provider in HSA administration.
IRS Requests Comments on Using Debit Cards to Provide § 132 Qualified
Transportation Benefits
IRS is requesting comments as a result of requests for clarification of employers’ ability to use debit cards to provide their employees with qualified transportation fringes described under § 132(f). Qualified transportation fringes include transportation in a commuter highway vehicle (vanpooling), any transit pass, and qualified parking (collectively referred to herein as "transit benefits") meeting the requirements of § 132(f).
For
More Information .
. .
Treasury and the IRS Release HSA Model Documents
On June 25, 2004, Treasury and the IRS released for comment model documents
that can be used for trust or custodial agreements for Health Savings Accounts
(HSAs). They allowed a 30-day window for comments to be submitted.
For
More Details .
. .
To Be Issued for Use in 2004: Combined Forms for HSA and Archer MSA Reporting
Effective 2004, trustees and custodians will be able to use the same forms
to satisfy IRS reporting obligations for both HSAs and Archer MSAs. The
new forms are:
Form 1099-SA: Distributions From an HSA, Archer MSA, or Medicare+Choice
MSA
Form 5498-SA: HSA, Archer MSA, or Medicare+Choice MSA
These forms have not been released yet, but you can get a copy of the 2004
General Instructions for Forms 1099, 1098, 5498, and W-2G at http://www.irs.gov/pub/irs-pdf/i1099gi.pdf.
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