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 >>

What is a Limited Purpose FSA and How Account Holders Can Use It

Limited Purpose FSA

By now, most people are familiar with Flexible Spending Accounts (FSAs), which allow you to set aside money from your paycheck pre-tax to pay for a wide variety of medical expenses. You may not be familiar, though, with the limited purpose FSA, or LPFSA. A limited purpose FSA is a healthcare spending account that can only … 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 >>

HSA and Retirement – How Your HSA Can Boost Your Retirement Fund

HSA and Retirement

HSAs were designed to help make healthcare more affordable and give people more freedom in their personal healthcare decisions. However, due to tax advantages, friendly contribution options, and investment opportunities, more people are looking to their HSAs in retirement. Here’s what you need to know about your HSA and retirement. Health Savings Accounts (HSAs) offer … More >>

FSA Reimbursement: 9 Qualified Expenses You May Not Know About

FSA Expenses

If you participate in a Flexible Spending Account (FSA), there may be some qualified FSA expenses you didn’t know about. Healthcare FSAs allow you to use pre-tax money to pay for a wide variety of medical, dental and health-related products and services, including many over-the-counter items. Most people are familiar with common medical expenses, such as … 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 >>