Mark
Your Calendars!
DataPath Annual Conference
Sept. 21-23
DataPath's 2005 Annual
Conference will be held September 21-23 at the Grand Casino and
Resort in Tunica, MS (just south of Memphis).
Watch for the Agenda
and Registration information coming soon!
Drugs
Imported from Canada Not Eligible Expenses
IRS has released IRS
Information Letter 2005-0011 (March 14, 2005) which reiterates that
the cost of drugs imported from Canada is not allowed as an eligible
expense.
Click
here to view
a copy of the letter.
Upcoming Guidance
Watch for upcoming IRS guidance on
Debit Cards, HSA Comparability Rule,
COBRA
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
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
Contact Us
Email Sales or call
1-800-633-3841
Email
Technical Support
or call 1-501-296-9993
DataPath
Events
DPI-125 Basic
Software Training
DPI-125
Advanced / CMS Software Training
§ 125
Cafeteria Plans Continuing Education Seminar
myHSAToday™ Training
mySourceCard™ / CMS Software Training
Global
Claims Processing / CMS Software Training
DPI-105
HRA Software Training
DataPath-COBRA
Education / Training Seminars
General
Information about DataPath Seminars
Event
Calendar
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.
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DataPath COBRA:
Latest Update, V. 4.1.040
The latest update for DataPath COBRA (Version 4.1.040) is out! Some
of the new features in this update are:
Quickload Employee Filter. This new feature,
added to the Employee screen, will allow you to filter the employee
listing for quick loading.
Ability to import multiple employers. Added
is the ability to import multiple employers on the same census import
file. When you begin to import the file, a screen will appear listing
the possible employers to import. You can select either the default
or select the employers you wish to import. (The Employer Tax ID, ER_TAXID,
must be a field in the import.)
Ability to import dependents. You can now import
dependents on their own lines if the employee's social security number
(EE_SSN) is on each record.
Click
here to read about entire article.
Revenue Ruling 2005-25 Clarifies Non-HDHP Family Coverage Issue
On April 13, 2005, IRS issued a very welcome Revenue Ruling 2005-25 clarifying
how non-HDHP family coverage for a spouse and children affect the spouse
not covered by the non-HDHP. Before this Ruling, the special HSA rule applying
to married individuals seemed to say that if a spouse has non-HDHP family
coverage (for spouse and children), both spouses are ineligible to contribute
to an HSA. (Family coverage is any coverage other than self-only coverage.)
Click
here to read entire article.
Administration's Health Care Proposals
On September 2, 2204, the White House released a Fact Sheet on President
Bush's plan to make health care more affordable. Included are the following
proposals affecting HSAs.
Tax Credit to small business owners. Small business
owners will receive a refundable tax credit ($500 for workers with family
coverage, $200 for workers with individual coverage) for their contributions
to employees' HSAs.
Direct help for low-income Americans. Low income
families will receive a $1,000 direct contribution to their HSA and a
$2,000 refundable
tax credit to assist them to purchase a HDHP to cover their expenses.
Individuals will receive a $300 HSA contribution and a $700 refundable
tax credit. Families who elect not to set up an HSA may use the refundable
$3,000 tax credit to buy standard medical coverage instead. The low-income
health care credits will be advanceable and available immediately to
qualifying families.
Click
here to read entire article.
Rev.
Rul. 2005-24 Prohibits HRA Cashouts and OKs Employer
Contributions for Vacation/Sick Pay
On April 5, 2005, the IRS released Rev. Rul. 2005-24 (effective for plan
years beginning after December 31, 2005) which addresses the following
issue:
Are amounts paid to an employee under a reimbursement plan that provides
for the payment of unused reimbursement amounts in cash or other benefits
excludable from gross income under § 105(b) of the Internal Revenue
Code (the Code)?
The Ruling contains four arrangements as illustrations of the Ruling's
conclusions.
Click
here to read entire article.
Upcoming DataPath Seminars
Here are the seminars scheduled for May and June.
HSAtoday™ Training: May 24
DPI COBRA Training: May 16
HRA-105: May 20
Global Claims Processing w/Card: May
19
DPI 125 Training w/ Data Conversion and Card: May 11-13;
June 8-10
DPI 125 Training w/o Card: May 25-26
Click
here for a training schedule.
HSA Basics: Accelerated Contributions
Although HSA funds are usually available only after they have been
deposited, an exception exists that allows an employer to accelerate
HSA contributions for employees who make HSA contributions through a
cafeteria plan.
Accelerated contributions may be made for an employee if:
- the employee's HSA contributions are made through a cafeteria plan,
- accelerated contributions are available to other employees and provided
under the same terms, and
- the advances are repaid to the employer by the end of the plan year.
This option allows the employer to advance HSA contributions for one
employee without putting them in for everyone. (Of course, if any other
employee requests accelerated contributions, the employer must grant
them.)
Click
here to read entire article.
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