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 >>

Virtual Payment Frequently Asked Questions (FAQs)

Virtual Payment FAQs

Want to learn more about virtual payments? See below for a list of virtual payment FAQS. Virtual payments are becoming a popular payment method in business-to-business (B2B) transactions. As an alternative to cash, checks, and EFT, virtual payments are quick, secure, and can greatly reduce costs for all parties involved. See below for answers to … More >>

DataPath Attends 36th Annual ECFC; Visits Congressional Leaders

ECFC

DataPath, Inc. company representatives were in Washington, D.C. March 8-10 to attend the 36th ECFC Annual Meeting. As an active member in the Employers Council on Flexible Compensation (ECFC), and with DataPath President and CEO John Robbins, Jr. serving on the ECFC Board of Directors, DataPath is very interested in how recent legislative and regulatory … More >>

AHCA: HSAs, FSAs, Cadillac Tax and More

AHCA Overview

On Monday, March 6, House Republicans published the American Health Care Act (AHCA), a proposal to repeal and replace multiple provisions in the Affordable Care Act (ACA). Among the parts that remain the same are that people with pre-existing conditions cannot be denied coverage and dependents under age 26 can stay on their parents’ healthcare … More >>

Getting Workers’ Comp Payments? Here are 6 Reasons Why Claimants Should Use a Reloadable Debit Card

Reloadable Debit Card

When it comes to workers’ comp payments, injured workers can face a slew of challenges. Unbanked and underbanked workers encounter serious hurdles, especially if they’re working in a location far from home. If they don’t have access to their home bank (due to injury, distance, or otherwise), it becomes difficult to cash or deposit a … More >>

Investing HSA Funds – The Key to Substantial Growth

Investing HSA Funds

HSA owners benefit from tax-free growth on their account through interest earned and investment income. However, with interest rates at historic lows, account owners should consider investing HSA funds as a means for substantial growth. Health Savings Accounts (HSAs) are popular, tax-advantaged savings accounts designed to help people with high deductible health plans pay for out-of-pocket … More >>

Virtual Payments: A New Wave of Payment Solutions

Virtual Payments

eChecks, electronic checks, ePayables, virtual payments … all are similar and nearly synonymous with one another. Nevertheless, they represent the new wave of payment solutions for 21st century commerce. For centuries, paper checks and money have been the norm for transactions of goods and services. Cash is an affordable option, but it’s vulnerable to theft … More >>

Eye Care and Your Employer-Sponsored Benefit Account

Eye Care

Eye care is an important part of your overall wellness. Comprehensive eye care includes exams, vision correction procedures, corrective eye wear and more. Thanks to vision insurance and employer-sponsored benefit accounts, receiving eye care has become more affordable and accessible for many people. According to the Centers for Disease Control (CDC), 67 percent of Americans with private … More >>

What is RenewCard™ and Why Do You Need One for Your Indemnity Payments?

RenewCard

Making workers’ compensation indemnity payments to employees who get injured on the job can be a frustrating and time-consuming process. Managing workers’ compensation indemnity payments often requires employers to navigate a complex and confusing maze of government regulations and payment providers. Additional issues such as check fraud, late or missing payments, and the cost of … More >>

QSEHRA Frequently Asked Questions

QSEHRA FAQs

In December 2016, President Obama signed the 21st Century Cures Act into law. The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Previously, the Affordable Care Act (ACA) prohibited businesses from offering … More >>

The 21st Century Cures Act: An Infographic

The 21st Century Cures Act

The following infographic highlights the important points regarding the 21st Century Cures Act and standalone HRAs for insurance premium reimbursements. The Cures Act affects millions of small businesses and their employees. Learn how DataPath can help you administer small business HRAs. The 21st Century Cures Act On December 13, 2016, President Obama approved the 21st … More >>

HRAs – A Look at the Pros and Cons

HRA

Health Reimbursement Arrangements, better known as HRAs, are an important piece of the consumer driven healthcare market. The employer-funded account is one arm of healthcare consumerism which enables individuals to take better control of their personal medical decisions. Here are the pros and cons of this benefit account. Pros for Employers Offering HRAs Cost Control … More >>