ICHRA and EBHRA; New Rules from IRS

ICHRA and EBHRA: IRS Expands HRA Plan Types for Employers

The Internal Revenue Service (IRS), in coordination with other Federal agencies, published a final ruling today which expands Health Reimbursement Arrangement (HRA) plan types for employers. HRAs are employer-funded benefit plans used by employees to cover qualified healthcare expenses. The newly-created Individual Coverage HRA (ICHRA) and Excepted Benefit HRA (EBHRA) will be available beginning January … More >>

The Importance of COBRA Compliance for Employers

The importance of COBRA compliance cannot be understated. For employers, COBRA is often the most challenging aspect of offering healthcare benefits. In addition to being time-consuming (and sometimes confusing), failure to comply with COBRA requirements can put companies at risk of serious legal issues and steep financial penalties. What is COBRA? COBRA (Consolidated Omnibus Budget … More >>

2019 FSA and HSA contribution limits

2019 FSA and HSA Contribution Limits

The IRS has recently released the 2019 contribution limits for Flexible Spending Accounts (FSAs), and transportation benefit accounts – increasing limits for most tax-advantaged benefit plans. In May 2018, the IRS published the increases for Health Savings Accounts (HSAs), including out-of-pocket maximums. See below for 2019 FSA and HSA contribution limits, and for increases to … More >>

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 >>