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 >>

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 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 >>

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 >>

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 >>

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 >>

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 >>

Testimonial: How One Company Fueled Growth by Outsourcing Claims Entry

Summary A third-party healthcare benefits administration firm needed to grow its business but was overwhelmed by claims processing for Flexible Savings Accounts and Health Reimbursement Arrangements. Finding an accurate, affordable solution that would allow the staff to focus on front-office tasks and enable the company to grow was challenging. The firm outsourced its claims entry … 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 >>

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 >>

FSA vs HRA vs HSA – What are the Differences?

FSA vs HRA vs HSA

‘What are the differences between an FSA vs HRA vs HSA?’ is a common question for many people. Here’s a quick overview of the different accounts, how they’re similar and how they standalone. At the bottom of the post is an infographic with a visual representation of the comparisons. When it comes to consumer driven … 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 >>

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 >>

FSA, HRA, and HSA Account Holders Receive Congressional Boost

FSA, HRA, and HSA Account Holders Receive Congressional Boost

On July 6, 2016, the House of Representatives passed a significant piece of legislation that affects millions of Americans who receive employer benefits. H.R. 1270, the Restoring Access to Medication and Improving Health Savings Act of 2016, was first introduced in March 2015, and passed the House this July with a vote of 243-164. The … 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 >>

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 >>

HRA vs HSA – What’s the Difference?

FSA, HRA, HSA, COBRA, Insurance Payments

Do you know the difference between a Health Reimbursement Arrangement (HRA) and a Health Savings Account (HSA)? Each account has its own benefits and merits, and they are similar in some ways. The philosophy behind an HRA and an HSA is that they are designed to help make healthcare more affordable for workers and their … More >>