Benefits enrollment season

Are You Ready for Enrollment Season?

Are you ready for enrollment season? For many working people, benefits enrollment season is coming up very soon. Open enrollment is the period during which you review your benefit options and choose which ones you want to enroll in for next year. These include health insurance, life insurance, and tax-advantaged healthcare benefits accounts, among others. … More >>

Should I sign up for an FSA?

Should I Sign Up for an FSA?

Benefits enrollment season is right around the corner. In addition to health, dental, and vision insurance, some companies offer other benefit options like commuter benefit accounts and consumer directed healthcare (CDH) accounts. Depending on your company’s benefit plan, you may be wondering – should I sign up for an FSA? What is an FSA? An … More >>

Benefits of an HSA: Portability, Deferred Reimbursement, Catch up Contributions, and More!

Health Savings Account (HSA) owners – there may be some advantages to your tax-advantaged healthcare benefit account you aren’t aware of. Most people are familiar with the triple tax savings: tax-free contributions, tax-free earnings, and tax-free withdrawals for qualified healthcare expenses. However, while HSAs are designed primarily to help reduce healthcare costs, some benefits of … More >>

FSA eligible expenses, Wallet, Money

FSA Eligible Expenses and Other Important Information

For many Americans, Flexible Spending Accounts (FSAs) are an important benefit that helps reduce their out-of-pocket healthcare costs and save money on their taxes. An estimated 43 percent of all civilian (non-government) workers have access to an FSA through their employers. These employer-sponsored, tax-advantaged accounts allows participants (employees) to set aside money before taxes to … More >>

Healthcare consumerism

Healthcare Consumerism: What is it and How Does it Affect Healthcare?

Healthcare consumerism, a movement designed to refine the efficiency and affordability of healthcare services, is working to change how people prioritize their personal healthcare. Imagine a system where savvy patients use their knowledge to take a more active role in purchasing and utilizing healthcare services. Healthcare consumerism is getting closer to making this a reality. … More >>

Seven Facts about FSAs and HSAs

7 Facts About FSAs and HSAs That Employees Should Know During Open Enrollment

Open enrollment season for benefits is a time for making important decisions regarding healthcare expenses for you and your family. In addition to health insurance options, many companies sponsor tax-advantaged consumer directed healthcare accounts, like Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs). FSAs and HSAs are popular because they can help you save … More >>

Smiling professional woman

Congratulations to the 2017 Arkansas Best Places to Work

As the presenting sponsor for a second consecutive year of Arkansas Business’ “Best Places to Work,” DataPath Administrative Services thanks all companies who participated and extends congratulations to the 2017 winners. This year, there are a record 36 recognized companies, including a number of our clients! From locations all across the Natural State, here are … More >>

Health Reimbursement Arrangement FAQs

Just the FAQs: Health Reimbursement Arrangements

Employees who have access to HRAs often have a lot of questions about their benefit accounts regarding funding, eligible expenses, and more. Here’s a list of Health Reimbursement Arrangement FAQs. A Health Reimbursement Arrangement (HRA) helps employees pay for out-of-pocket medical expenses for themselves and their families. Unlike Flexible Spending Accounts (FSAs), though, HRAs are … More >>

Consumer Directed Healthcare Account

Discovering the Value in Consumer Directed Healthcare Accounts

Consumer directed healthcare accounts not only help users save money due to their tax-advantaged status, but also give account holders more control over their healthcare dollars. This article and infographic provide an overview of HSAs, HRAs, and FSAs, along with other helpful information. What are Consumer Directed Healthcare Accounts? A consumer directed healthcare (CDH) account … More >>

The Adventures of Captain Contributor

Introducing Captain Contributor: You’ve Never Met Anyone Like Him!

Captain Contributor™ is not your everyday superhero; he’s the basis for a year-round, comprehensive program to educate and engage employees about tax-advantaged benefit plans. Let’s face it: benefits enrollment can be boring and the information is dense. Many employees have a hard time understanding their benefits and why they should use them. In a recent … More >>

Health Benefits

Employment-Based Health Insurance Deemed Most Important Benefit

With enrollment season rapidly approaching, it’s a good time to review current attitudes from workers toward their employment-based health benefits. The Health and Voluntary Workplace Benefits Survey (WBS) is conducted annually by the Employee Benefit Research Institute (EBRI) and Greenwald & Associates. The nationwide study examines a broad spectrum of health care issues, including worker … More >>

Limited-Purpose FSA

Understanding the Limited-Purpose FSA

You’re familiar with healthcare Flexible Spending Accounts (FSAs), with which you can set aside money from your paycheck pre-tax (before payroll taxes are calculated) to use in paying eligible medical expenses. You may not be as familiar, though, with the Limited-Purpose FSA (LPFSA). An LPFSA is an option made available by some employers in conjunction … More >>

HRA plan

HRA Plan Primer: Facts about Qualified Expenses, Taxes and More

Health Reimbursement Arrangements (HRAs) are employer-sponsored benefit plans that reimburse employees for qualified expenses. Unlike other types of employer-sponsored healthcare benefits, an HRA plan is owned and completely funded by the employer. Employee participants do not make contributions or pay taxes on reimbursements received. Generally, there are no limits on employer contributions to regular HRA … More >>

Saving for Retirement

Saving for Retirement? Think HSAs, Too

Although created to make healthcare more affordable and expand freedom in personal healthcare decisions, Health Savings Accounts (HSAs) can also play a significant role in saving for retirement. Due to their multiple tax advantages, generous contribution options, and valuable investment opportunities, HSAs can be used to supplement retirement accounts. HSAs and Healthcare First and foremost, … More >>

HSA Investing

How Does Your Tax-Free Garden Grow? HSA Investing Is One of the Ways

Did you know that HSA owners not only enjoy tax-free interest on their balances, but also tax-free returns from HSA investing? With interest rates at historic lows, consider investing your account funds to achieve substantial growth. Health Savings Accounts (HSAs) are tax-advantaged savings accounts that help people with a high deductible health plan pay for … More >>

COBRA Compliance

COBRA Compliance: Are You Sure?

Many employers are unknowingly out of COBRA compliance. Are you sure your company is following all the rules? Are you meeting your company’s COBRA obligations in a manner that is compliant with all applicable COBRA rules and regulations? Chances are, you’re not. In fact, the IRS estimates that 90% of employers who self-administer their COBRA … More >>