Have you heard .
. .
Executives at General Motors reported that the $5.6 billion GM will spend
this year on health benefits will add $1,500 to the cost of each
GM car!
Upcoming Seminars
DPI 125 Training w/ Data Conversion and Card:
June 15-16
DPI COBRA Education/Training:
July 18
DPI 125 Advanced / CMS Software:
July 19-20
Global Claims Processing / CMS:
July 21
HSAtoday™ Training: July 26
DPI 125 Basic Software:
July 27-28
All seminars will be in Little Rock, AR.
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.
START PLANNING
TODAY TO ATTEND DATAPATH'S 2005 ANNUAL CONFERENCE
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IRS Eases the "Use
it or Lose It" Rule
On May 18, 2005, the IRS issued Notice 2005-42 which allows
the deadline for incurring FSA and DCAP expenses to be extended for
up to 2 ½ months after the end of the plan year. Medical expenses
incurred during this period can be reimbursed from funds remaining in
the accounts at the end of the Plan Year.
This ruling poses
many unanswered questions. (Click
here to read an analysis of this ruling by John Hickman and Ashley
Gillihan of Alston & Bird.) DataPath is studying these questions
before deciding on what actions it should take in response to this ruling.
We need your input! We also need your input on the effect of this ruling
before we make our decisions. You can participate in a DataPath survey
by clicking
here or visiting www.dpath.com.
Please submit your responses as soon as possible.
Click
here to read the entire article.
DataPath Announces Plan for 2005 Annual Conference
The DataPath Annual Conference this year will be held September 21-23
at the Grand Casino and Resort in Tunica, Mississippi, just 20 miles south
of Memphis. (Click
here to see a map.)
We are planning another great conference filled with news and information
on the role of the Plan Service Provider (PSP) and the Third Party Administrator
(TPA) in today's marketplace.
If you are wondering about Grand Casino - Tunica, it is located in Tunica
County, MS, and is the third largest gaming market in the nation with
nine world-class casinos featuring 24-hour gaming plus all the amenities
of modern full-service vacation resorts. And since casino gaming was
only legalized in Mississippi in 1990, all of the facilities are quite
new, luxurious, and beautifully well-kept.
Click
here to read the entire article.
Health
Care Costs:
Growth Rate is Slowing!
BusinessWeek online
reports good news—the growth rate of medical
costs is slowing! For the 12 months ending March 2005, the growth
rate was down to 7.5% for private employers, according to the Bureau
of
Labor Statistics.
The Bureau
gives some of the primary reasons for the slowing of the growth rate
as lower price increases and
the shifting
of a larger
share
of health costs to employees .
However, the big players (such as GE and Ford Motor) are looking
to a common underlying factor as the reason—the introduction of "consumerism" into
the healthcare market. These employers and
others are offering new programs with one overriding
goal—to make employees more discriminating consumers of healthcare
services.
You know the name of this type of programs—consumer-driven healthcare plans
(CDHPs).
Watch for an article
next month on how DataPath is responding to today's demand for CDHPs!
Click
here to read the entire article.
HR 1872: Health Coverage for the Uninsured
HR 1872 has been introduced by Representatives Sam Johnson (TX), Eric
Cantor (VA), Paul Ryan (WI), and J.D. Hayworth (AZ). The purpose of
this bill, as stated in their announcement,
is as follows:
- To encourage individuals to buy affordable health insurance
by giving an above-the-line deduction for the cost of health
care premiums,
- To encourage small business to offer HDHPs by giving
a tax credit to employers who make contributions to their employees'
HSAs, and
- To make health care insurance more affordable for low-income
people by giving them a tax credit for purchasing health insurance.
To read this Bill, go to http://thomas.loc.gov/,
type in "HR 1872" and click on "Search".
If you want to write your Representative and give your opinion, you
can click here to identify
your Representative and find out how to contact him.
Click
here to read the entire article. Differentiate Yourself in the HSA Market
The rush is on—everyone seems to be jumping on the HSA bandwagon.
Stand out in the crowd by giving them something they can't get anywhere
else by becoming a Personal HSA Assistant. Be the person who can give the
services that others can't give. You can do this with .HSA Today™.
myHSAToday™ gives you, the Plan Service Provider, contractual
access allowing you to offer the following services:
- Recordkeeping
- Plan Eligibility Certification
- Contribution Reconciliation
- Claims Substantiation
- Tax Consulting.
Get started today! You can email us at sales@myhsatoday.com or visit
us at www.myhsatoday.com. We are looking forward to hearing from you.
Click
here to read the entire article.
The DataPath Family is Growing!
Congratulations to the following new parents:
Jeannie and Jason Lee. Brooke Elizabeth Lee was
born May 10. She weighed 5 lbs., 10 oz.
Alexa and Bret Bonnell. They are the proud parents
of twins!
Amber
Marie Bonnell was born April 20 (9:43 am) She weighed 2 lbs., 15 oz.
at birth, and
is now up
to 4
lbs., 9 oz.)
Emily Paige Bonnell followed her at 9:57 am. She weighed 2 lbs., 14oz. at
birth, and is now up to 4 lbs., 6 oz.
April and Stan Carson. Isabella Hopkins Carson
was born April 28. She weighed 7 lbs., 6 oz.
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