dataPATH FOR SUCCESS
Dec 2004   Volume III, Issue 9 Editor: Melissa Vinson, CFCI
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DataPath Holidays

DataPath offices will be closed at 1:00 p.m. on December 23 and all day December 24 and December 31 for the holidays.

MERRY CHRISTMAS AND HAPPY NEW YEAR!

EFT Holiday Change

Since our office will be closing at 1:00 p.m.on Thursday, December 23, all EFT transmissions will need to reach us no later than 12:00 noon.

Did you know . . .

President Bush recently opened a Health Savings Account for himself! Although he doesn't have any medical expenses while he is in office, the announcement said that he is preparing for the future.

DataPath Events

DPI-125 Basic Software Training

mySourceCard / CMS Software Training

DataPath 105-HRA / Defined Contribution Concept Seminars

DataPath-COBRA Education / Training Seminars

General Information about DataPath Seminars

Event Calendar

DataPath Websites

dpath.com
myHSAtoday.com
hsa223.com
hra105.com
myResourceCard.com
mySourceCard.com
idpas.com

Change0fStatus.com

DataPath Web
Services

my RSC.com
DNS: DataPath Web Services
EFTS: Electronic Funds Transfer Service

Contact Us

Email Sales or call
1-800-633-3841

Email Technical Support
or call 1-501-296-9993

Check us out!

Who We Are
Our Mission
Our Vision for Tomorrow Let's Build a Relationship!
Our Strengths!
What People are Saying about DataPath

Comments?
Suggestions?

If you have any comments on the articles in this newsletter or suggestions for future newsletters, please email mvinson@dpath.com. We welcome your input.

Newsletter Archives

Click here to visit newsletter archives.

See you next year!

Wishing you a successful and prosperous New Year!

Goodbye 2004!
Hello 2005!

2004 has been an eventful year for DataPath. We began with celebrating our 20th anniversary by leasing an additional 8,500 square feet of office space to give us space for our new employees. We followed that up with the following new or improved products and services:

  • myResourceCard®: DataPath's Credit Card
  • mySourceCard: DataPath's Debit Card
  • HSAtoday™: DataPath's Health Savings Account Solution
  • DataPath 125: Version 3.5
  • DataPath COBRA: Update of DataPath's COBRA Solution
  • Established monthly newsletter giving you the latest Flexible Compensation news and DataPath happenings

In addition to improving our current websites, we added the following sites:

We are going to catch our breath over the Holidays, and start anew in January. Watch for the results!

Announcing Version 3.5
of DataPath125

Version 3.5 of DataPath 125 is now available. Among other changes, this version allows the user to administer Health Savings Accounts (HSAs) contributions under a 125 Cafeteria Plan In order to do this, two new benefits have been added: Health FSA - Limited Purpose (5.11) and Health Savings Account (5.12).

       Click here to read entire article.

Check Out Our New Website:
myHSAtoday.com

DataPath's latest website, myhsatoday.com, provides information for the individual, the Plan Service Provider, and the Employer.

       Click here to read entire article.

HSA BASICS:
The Exceptions

While a High Deductible Health Plan (HDHP) is generally the only insurance coverage allowed under an Health Savings Account (HSA) , three notable exceptions are allowed: Preventive Care Exception, Permitted Insurance, and Permitted Coverage.

       Click here to read entire article.

Guidance on HIPAA Security Rule

The HHS has issued the first in a series of seven papers intended to assist health plans and other covered entities with implementing HIPAA security standards. Click here to view a copy.

Recently Released IRS Forms, Publications, Notices. and More

Publication 502: Medical and Dental Expenses

Publication 503: Child and Dependent Care Expenses

Publication 968: Tax Benefits for Adoption

Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans

Form 2441: Child and Dependent Expenses and Form 1040A, Schedule A: Child and Dependent Care Expenses for Form 1040A Filers.

Reporting Forms and Instructions for HSA and Archer MSA Trustees and Custodians:  Form 5498-SA ; Form 1099-SA; and Instructions

Form 8885 for Claiming Health Coverage Tax Credit

Rev. Procedure 2004-71 announcing Cost of Living Adjustments.

IR-2004-127 (Oct. 20, 2004) announcing cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2005)

IR-2004-139, Nov. 17, 2004 announcing 2005 standard mileage rates.

Social Security News Release Announcing 2.7 Percent Benefit Increase for 2005

Internal Revenue Bulletin: 2004-41 Announcing Updated List of Nonbank Trustees and Custodians [for HSAs]

IRS Website providing information on disaster tax relief, including an extension of the Form 5500 filing deadline.

IRS Notice 2004-84 (Dec. 14, 2004) releasing Cumulative list of changes in Qualification Requirements

Check out our Products!
myHSAToday            DataPath 105-HRA            DataPath 125            DataPath 132

     DataPath COBRA            Max105          myResourceCard®           mySourceCard      

LEGAL DISCLAIMER: Material contained in this newsletter is not legal advice, and should not be construed as legal advice. If you need legal advice upon which you can rely, you must seek a legal opinion from your attorney.

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© DataPath, Inc. 2004