What is Healthcare Consumerism and How Does it Affect Healthcare?

Healthcare consumerism

Imagine a healthcare system where everyone in the U.S. is a knowledgeable, savvy consumer of medical services and plays an active role in purchasing and consuming the services they receive. With the advent of healthcare consumerism – a movement to make the delivery of healthcare services more efficient and cost-effective – it may be here … More >>

Guide to Investing Your HSA Account for Growth

The following infographic, “A Guide to Investing Your HSA Account for Growth”, provides an overview on Health Savings Account (HSA) basics, why you should use your HSA for retirement, investment strategies, and more:   Guide To Investing Your HSA Account for Growth Health Savings Accounts (HSAs) are more than just a tax-advantaged tool for paying … More >>

DataPath IT Security Bulletin: Dept. of Homeland Security Issues Warning about Hurricane Harvey Scams

DHS: Hurricane Harvey

On August 28, 2017, the Department of Homeland Security (DHS) issued a statement on email, scams, and other malicious cyber activities surrounding Hurricane Harvey.  DHS Statement on Hurricane Harvey US-CERT warns users to remain vigilant for malicious cyber activity seeking to capitalize on interest in Hurricane Harvey. Users are advised to exercise caution in handling … More >>

3 Key Indemnity Payment Issues for Payment Administrators

Indemnity Payment

In a recent poll of C-level executives conducted by DataPath, payment administrators answered a range of questions regarding indemnity payment processing. The inquiries sought to better understand the challenges and industry trends that payers experience. Among the questions posed, the main focus centered on payment types, frequency, cost, and other related issues. 3 Major Indemnity … More >>

Health Reimbursement Arrangement (HRA) FAQs

HRA FAQs

This guide provides answers to frequently asked questions about Health Reimbursement Arrangements (HRA FAQs). For questions and answers regarding Qualified Small Employer HRAs (QSEHRAs), go here. A Health Reimbursement Arrangement (HRA) is part of consumer driven healthcare, allowing participants to use set aside money to pay for out-of-pocket medical expenses for themselves and their families. … More >>

Can You Have an HRA and HSA at the Same Time?

Can you have an HRA and HSA at the same time?

Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), help individuals and families pay for medical expenses. They also provide more control over how and where to pay for those expenses. One frequently asked question is “can a person have both an HRA and HSA at the same time?”. The … More >>

Why Health Savings Accounts are Booming in 2017

Health Savings Accounts are Booming

Data from recent years shows that Health Savings Accounts are booming and factors indicate continued growth in years to come. Since 2013, employee participation in Health Savings Accounts (HSAs), which enable individuals and families to use tax-free money to pay for eligible health care expenses, has increased by nearly 54%. In 2015, estimated HSA enrollment … More >>

How Workers’ Comp Payment Administrators Can Stay Relevant in the 21st Century

Payment Administrators

For any business or industry, the ability to stay relevant is key to success. Staying with the old ‘tried-and-true’ ways, without the capacity, willingness, or foresight to adapt to technological advances, can be a company’s death knell. As Bill Donnell, President and CEO of National Council on Compensation Insurance (NCCI), points out, Blockbuster lost its … More >>

Kickstart the 2017 School Year with Your Employer-Sponsored Benefits

Back to school

The 2017 school year is almost upon us! That means parents (and children) are starting their preparation rituals by shopping for clothes, school supplies, and back packs, and taking care of other assorted essentials. Of course, school-aged children have a lot of needs, one of them being healthcare. With the dawn of a new school … More >>

Why Small Businesses Should Consider QSEHRAs

In today’s cost-conscious healthcare environment, small businesses have several tools they can use to manage the cost of providing employees with a healthcare plan. One of the most effective is a Health Reimbursement Arrangement, or HRA. Not only do HRAs enable employers to use tax-deductible funding to help employees pay for healthcare expenses, they also … More >>

How a Mid-Year Change of Status Affects HSA Contributions

Change of Status

When a person has a change of status during the plan year, it affects his or her annual Health Savings Account (HSA) contribution limit. The following provides a regulatory overview (with some examples) of how a mid-year change of status affects HSA contribution limits. Most HSA owners are aware that they can change their planned … More >>

FSAs, HSAs and BCRA – The New Senate Healthcare Bill

FSAs, HSAs and BCRA

On Thursday, June 22, 2017, Senate Republicans released the draft of their new healthcare proposal, known as the Better Care Reconciliation Act (BCRA). Similar to the previously proposed American Healthcare Act (ACHA), Americans will see big changes to both FSAs and HSAs should the BCRA pass in its current form. The following provides an overview … More >>

The Value of a Consumer Directed Healthcare Account

View the infographic below to discover the value of consumer directed healthcare accounts. The graphic features an overview of HSAs, HRAs, and FSAs, along with other helpful information. What is a Consumer Directed Healthcare Account? A consumer directed healthcare account is a type of medical savings account that: Helps pay for eligible medical expenses Can … More >>

DataPath Announces the Release of the Captain Contributor Program

Captain Contributor Employee Engagement Program

The healthcare administrative solutions company recently rolled out an interactive employee engagement tool.  Little Rock AR, June 15, 2017 — DataPath, a leader in the healthcare and billing solutions industry, debuted a new employee engagement program, Captain Contributor, during the Connections & Best Practices Conference held in Las Vegas, Nevada. “We’ve worked diligently to create … More >>

Captain Contributor – The Fun (and Informative) Employee Engagement Program

Captain Contributor

Up in the sky! It’s a bird, it’s a plane…no, it’s Captain Contributor, the new superhero on a mission to help workers and employers save on their taxes. Captain Contributor increases employee engagement with and understanding of their employer-sponsored benefit plans. Industry professionals know that consumer-directed health (CDH) plans offer a lot of advantages, including … More >>

The Advantages of Employer-Sponsored Debit Cards

Employer-sponsored debit cards

Employees, employers and TPAs all find value from a strong employer benefits package. Employer-sponsored debit cards can further bolster benefits offerings. In today’s fast-paced world, where time is of the essence, debit cards provide an efficient payment method for consumers everywhere. They eliminate the time and hassle involved in writing checks or stopping at the … More >>

DataPath Connections & Best Practices Conferences to Begin June 12 in Las Vegas, NV

Two Conferences Held Consecutively by DataPath Will Benefit Users of All Levels LITTLE ROCK, AR, June 12, 2017 — DataPath, a leader in the healthcare and billing technology industry, will be hosting two conferences in Las Vegas, Nevada, from June 12-14th. This is the first year that both conferences, Connections and Best Practices, will be … More >>

Payment Administrators: Do You Know About These Virtual Payment Benefits?

Virtual Payment Benefits

When it comes to claims remittance and other B2B transactions, virtual payment benefits surpass the benefits of traditional methods such as checks, ACH, and wire transfers.  Using cards as a form of payment is a part of everyday life. Look around: credit cards, account-linked debit cards, reloadable debit cards, gift cards, and more – cards … More >>

Millennials and HDHPs: A Perfect Fit for Employers and TPAs?

Millennials and HDHPs

Millennials are younger and healthier in comparison to their Gen X and Baby Boomer peers. Are Millennials and HDHPs with HSAs a good fit for employers and TPAs? A recent study on adults with health insurance shed light on the healthcare spending habits of the up-and-coming Millennial generation. Among the findings are that younger workers … More >>

Medicare Set-Aside 101: Facts TPAs Need To Know 

MSA Administration

For TPAs who offer or are considering MSA administration, here is an overview of Medicare Set Aside accounts. Navigating the ins-and-outs of Medicare billing can present real challenges for healthcare TPAs – especially when it comes to Medicare Set Aside (MSA) regulations. When a person eligible for Medicare receives a personal injury settlement, the Centers … More >>

IRS Announces 2018 HSA Contribution Limits

2018 HSA Contribution Limits

IRS has released 2018 HSA limits, raising maximum out-of-pocket expenses and contribution limits. On Thursday, May 4, the Internal Revenue Service (IRS) released the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs). Contribution limits, minimum deductibles, and the maximum for out-of-pocket expenses all go up next calendar year. 2018 HSA Contribution Limits Starting January 1, … More >>

House of Representatives Passes American Health Care Act

Capitol Hill; AHCA

Yesterday, the House of Representatives passed the American Health Care Act (AHCA) with a vote of 217-213. The bill now goes to the Senate for approval. In its current form, AHCA affects tax-advantaged health care accounts: Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements. It also has tax implications for employers and people … More >>

The Benefits of End-to-End Payment Processing

End-to-End Payment Processing

Single-source, end-to-end payment processing can result in stronger client relationships, increased accountability, and decreased fraud. For payment administrators, partnering with a payment processing company that handles the entire payment chain can pay numerous dividends. More and more people rely on debit or credit cards to pay for goods and services. Consumers are primarily concerned about … More >>

Did You Know about these HSA Benefits? Six Things to Keep in Mind

HSA Benefits

If you have a Health Savings Account (HSA), there may be some benefits to this consumer directed healthcare account that you don’t know about. Most people understand the HSA benefits of triple tax savings: tax-free contributions, tax-free earnings, and tax-free withdrawals for qualified healthcare expenses. While designed primarily to help reduce the cost of healthcare, … More >>

HRA Plans: What You Need to Know About Qualified Expenses, Taxes, and More

HRA Eligible Expenses

Health Reimbursement Arrangements (HRAs) are employer-sponsored benefit plans that allow employees to withdraw tax-free money to pay for qualified medical expenses. Unlike other types of employer-sponsored healthcare benefits, the employer owns the HRA and completely funds it; employees do not make contributions. If your employer offers an HRA, here are some important things to know … More >>