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.  

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 >>

FSA Contribution Limit 2017, IRS Inflation Adjustments Affect FSAs

FSA, HRA, HSA, COBRA, Insurance Payments

Newly released IRS inflation adjustments increase the FSA contribution limit in 2017. The Internal Revenue Service (IRS) released its inflation adjustments for 2017, which affect more than 50 tax provisions, including several consumer directed healthcare (CDH) and employer-sponsored benefit accounts. Those who participate in Flexible Spending Accounts (FSAs) and Transit accounts will see some changes. … More >>

CDH Accounts Can Help Take the Scare Out of Halloween Injuries

Halloween

If you get injured this Halloween, look to your consumer directed healthcare (CDH) account to take the scare out of treating your boo-boo. Halloween is magical! All week long, people get festive by decorating their houses and lawns, carving pumpkins, and dressing up in their favorite costumes. However, when someone gets injured, Halloween can be … More >>

COBRA and State Continuation – Frequently Asked Questions

COBRA & State Continuation

The thought of losing your health insurance coverage can be terrifying. Here are some frequently asked questions (FAQs) and their answers regarding COBRA insurance and State Continuation health care coverage: What is COBRA? COBRA stands for the Consolidated Omnibus Reconciliation Act. This is a federal law passed in 1985 that permits employees to retain health … More >>

Retiree Billing – Finding the Right Solution

retiree

Retirement is a time for great celebration for most people. At the conclusion of a long and fruitful career, many people have plans to travel to places they’ve never seen, spend more time with their loved ones, enjoy their hobbies, and just take a deep breath after all those years in the workplace. When people … More >>

Patents Bolster DataPath Products, Ingenuity

RelianceCard Patent

by Art Aldridge, Vice President of Technology DataPath has been innovating software solutions for over three decades. Our founder saw potential in the benefits administration market, and under his guidance, we began blazing a path to new frontiers by developing software for tax-advantaged employer benefits back in the 1980s. Over the course of the company’s … More >>