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 >>

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 >>

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 >>

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 >>

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 >>

Testimonial: A Focus on Quality and Client Care Forges a Strong Partnership

CDH Account

Summary Diversified Administration, Inc., a third party administration firm, seeks to deliver top quality to its clients. They focus on helping employees to maximize take-home pay and businesses to increase tax savings, lower premiums, and generate increased employee loyalty. To accomplish this, Diversified Administration, Inc. partnered with DataPath to administer consumer directed healthcare (CDH) accounts … 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 >>

White Paper: Using Technology to Enhance the Delivery of MSA Benefits

Using Technology to Enhance the Delivery of Medicare Set-Aside (MSA) Benefits

DataPath recently published ‘Using Technology to Enhance the Delivery of MSA Benefits,’ a white paper that evaluates the challenges that self-administered Medicare Set Aside (MSA) accounts present to both workers’ compensation MSA recipients and third party vendors, such as Pharmacy Benefit Managers (PBMs). However, the think piece argues, there is an available technology-based solution that … More >>

Medicare Set Aside (MSA) Accounts – How It Works

Medicare Set Aside (MSA) Account

A Medicare Set Aside account, also known as an MSA, is an important component of the workers’ compensation payment landscape. Here’s the essential information you need to know about who qualifies for them, how they work, approved expenses, etc.: What is an MSA? An MSA is a settlement resulting from a workers’ compensation or personal … More >>

RenewCard Simplifies and Secures Workers’ Comp Payments

RenewCard

It’s no secret: American workers are becoming more mobile. Between 2005 and 2012, there was a 79% increase in the number of employees who worked remotely1. With more and more people working away from home, many of them are located far from their personal banks. When these employees get hurt on the job, how does … More >>

DataPath Launches Medicare Set Aside Payment Solution

RelianceCard Patent

DataPath RelianceCard™ Helps Payers and Pharmacy Benefit Managers Monitor Workers’ Compensation Medicare Set Aside Settlement Funds LITTLE ROCK (June 15, 2016) – DataPath announced today the launch of its newest workers’ compensation solution, RelianceCard™, a card-based payment solution for Medicare Set Aside (MSA) arrangements. The customizable card provides MSA recipients easy access to funds and … More >>

DataPath Payment Solutions: Quick, Modern, Secure

Finding the right payment solution can be tough. Making payment by check is costly (up to $8 per transaction1) and time-consuming. Furthermore, paper checks are vulnerable to fraud, and if a payment is late or never received, payers can receive a lot of angry phone calls or negative social media attention from upset recipients. This … More >>

White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

FSA, HRA, HSA, COBRA, Insurance Payments

DataPath, Inc. recently published a white paper that assesses the benefits of an end-to-end CDH card processor in the consumer directed healthcare market and suggests a remedy that addresses these critical concerns. The chief problem is the involvement of multiple parties in the payment process, which results in myriad complications for all parties. This convoluted … More >>

White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market

FSA, HRA, HSA, COBRA, Insurance Payments

When considering an account-linked payment card for employer benefits, TPAs must find a solution that provides improved security, accountability, and flexibility for all parties involved in the transaction. Introduction The rise of consumer directed healthcare (CDH) during the past decade has led many employers to seek new methods to incent plan enrollment and enable employees to access … More >>

The Hidden Risks of Workers’ Compensation Payment Processing

Benefits Debit Card

Controlling workers’ compensation costs by automating processes, while maintaining the privacy and security of injured workers, is crucial. As payers look to automate payment processes, they could be creating greater risks, complications and inefficiencies. On the surface, the workers’ compensation payment process involves only three players—the payer, the provider and the injured worker. The payer … More >>

Benefits Debit Cards Offer Convenience and Practicality

Benefits Debit Card

Today’s reality highlights the need for benefits debit cards: in a 21st century, first-world society, card payments are the norm rather than the exception. Card payment terminals are found just about everywhere – doctors’ offices, pharmacies, grocery stores, retail shops, taxicabs, subway stations, and more. With consumers utilizing debit and credit cards more and more … More >>

DataPath Summit: The Nation’s Best Benefits Administration Platform

Summit

According to a recent study conducted by SHRM, employer-sponsored benefits increased by 35 percent in 2015, which is a seven percent increase from the previous year. This statistic, coupled with the study’s finding that “job seekers place greater importance on health care coverage … and on other benefits rather than their base salaries” points to … More >>

Three Reasons to Consider a Bank-Neutral Card Solution for Workers’ Compensation Payments

Benefits Debit Card

Indemnity payments to injured workers are met with many challenges. Today’s increasingly mobile workforce, a need for greater security, and the desire to lower overall costs may have you considering a modern and flexible payment solution. A bank-neutral debit card may be the answer for these issues: 1. Mobile Workforce Workers in the United States … More >>

High Commuter Costs are Siphoning Money from Workers’ Wallets

Transit

According to a recent article featured on CNN Money, commuters in the United States spend an average of $2,600 annually on their daily commute. This comes out to about $10 per day getting to and from the work place. Furthermore, 60% of survey respondents reported an increase in their commuting costs as compared to 19% … More >>

New Legislation on EMV Chips Won’t Affect DataPath Cards

Consumers who use debit and credit cards may have recently noticed that their cards look a little bit different. Many companies are now issuing cards with a card chip on the front, which is known as the Europay, MasterCard, and Visa (EMV). There is good reason many card issuers are using this new technology: Congressional … More >>

RenewCard Automates Workers’ Compensation Indemnity Payment Processing

DataPath RenewCard reduces indemnity payment expenses, manual errors; simplifies tracking. /PRNewswire/ — Indemnity payments not only represent a sizable portion of workers’ compensation expenses, they also require significant administrative resources. DataPath announced today that it is introducing RenewCard, a card-based indemnity payment solution designed to streamline the process for workers’ compensation payers. “Our discussions with payers uncovered … More >>