Benefit Accounts Help with Back to School Healthcare Needs

Back to school healthcare expenses

The 2017 school year is upon us! Families are engaging in the annual rituals of shopping for clothes, school supplies, and other essentials. School-aged children definitely have a lot of needs, and one of them is healthcare. That’s where your employer-sponsored benefits can help! As the new school term begins, remember to use your benefit … More >>

Discovering the Value in Consumer Directed Healthcare Accounts

Consumer Directed Healthcare Account

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 Impact of a Mid-Year Change of Status on HSA Contribution Limits

Change of status

Did you know that a change of status during the plan year affects the account holder’s annual Health Savings Account (HSA) contribution limit? The following provides an overview of regulations plus examples of how the changes to contribution limits are calculated. If you have an HSA, you are probably aware that you can change your … More >>

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

The Adventures of Captain Contributor

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 >>

Employment-Based Health Insurance Deemed Most Important Benefit

Health Benefits

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 >>

Understanding the Limited-Purpose FSA

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 Primer: Facts about Qualified Expenses, Taxes and More

HRA plan

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? Think HSAs, Too

Saving for Retirement

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 >>

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

HSA Investing

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 >>

10 Things to Know About HSAs

10 Things to Know about HSA

For calendar-year plans, we’re almost halfway through the plan year. It’s a great time to review ten important things to know (and remember) about HSAs. Tax Savings HSA account holders save on taxes three different ways. First, contributions to the account are not taxed. Second, interest earned on the balance is tax-free. And finally, withdrawals for qualified … More >>

6 Ways to Increase Employee Wellness Participation

Employee Wellness Program

It’s the New Year! After the long holiday season, many people are making resolutions to help themselves reach new goals in 2017, including eating healthier, getting more exercise, managing their finances better, and more. For employers, there’s never been a better time to boost (or implement) an employee wellness program to help your workforce get … More >>

2017 Contribution Limits for FSAs and HSAs

2017 Contribution Limits

During Open Enrollment season, it’s important for individuals to know the 2017 contribution limits for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Here’s a quick guide to next year’s contribution limits and other important information: Flexible Spending Account (FSA) In October 2016, the IRS released its inflation adjustments which raised the limits for … More >>

Open Enrollment Period for 2017 Begins November 1

Open Enrollment

The annual open enrollment period during which people can sign up for health insurance plans through government exchanges for the 2017 plan year begins November 1, 2016 and ends January 31, 2017. For private employers, enrollment dates vary per organization and the time frame may be much shorter. With the enrollment period open, the time … More >>

IRS Increases FSA Contribution Limit for 2017

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 >>

Congratulations to the Winners of Arkansas’ Best Places to Work 2016

Best Places to Work

DataPath Administrative Services, presenting sponsor of Arkansas Business’ “Arkansas’ Best Places to Work 2016,” extends its congratulations to this year’s award honorees. A total of 29 Arkansas businesses were honored this year, the largest in the history of the award. The Best Companies Group evaluated the applicants and determined that the following businesses are the … More >>

Debit Cards, A No-Brainer for Employer-Sponsored Benefits

Debit Cards, A No-Brainer for Employer-Sponsored Benefits

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, and more. With consumers utilizing debit and credit cards more and more each day, the … More >>

DataPath Administrative Services Launches New Website

DataPath Administrative Services Launches New Website

The new datapathadmin.com features a clean interface, bold graphics, and improved navigation. In addition, employers and participants can: Log in to their accounts Access current industry news from leading sources View DataPath’s up-to-date Facebook and Twitter activity Connect with the company’s social media accounts Watch engaging videos about our company and plan information Visitors may … More >>

Congratulations to the Winners of Arkansas’ Best Places to Work 2015

Best Places to Work 2015

DataPath Administrative Services, presenting sponsor of Arkansas Business’ “Arkansas’ Best Places to Work 2015,” would like to congratulate this years’ award honorees. The Best Companies Group evaluated the applicants and determined that the following businesses are the Natural State’s best places to work: United Federal Credit Union – Benchmark Winner ABC Financial Arkansas Blue Cross Blue … More >>

Green is Great!

Electronic billing and payment methods beat paper-based methods when it comes to overall security of your personal and financial data.  An estimated 85% of identity theft cases start with stolen paper invoices, statements, receipts and checks. DataPath Administrative Services is SSAE 16 Type II compliant, and our web portals protect your information behind many layers … More >>

IRS Announces 2015 COLA Increases

Via Rev. Proc. 2014-61, the IRS today announced 2015 COLA Increases for more than 40 tax provisions, including: SECTION 125 HEALTH FLEXIBLE SPENDING ACCOUNTS (FSAs) – The annual cap increases to $2,550 per employee. SECTION 132 PARKING AND TRANSIT ACCOUNTS – The monthly limitation increases to $250 for Parking and remains at $130 for Transit. SECTION 137 … More >>