Is it a bird? A plane? A flying tax man?!? After a sequence of freakishly unlucky events, a once meek tax man is transformed into a super hero! Captain Contributor’s origin story and his mission to help people save on their taxes is out of this world. And what’s with that form-fitting leotard? Watch this video to discover … More >>
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 >>
Award-winning Employee Education and Engagement ProgramEmployer-sponsored healthcare accounts can be hard to understand. That’s why DataPath Administrative Services has adopted a year-round employee education and engagement program for our groups. The Adventures of Captain Contributor, a national-award winning program, is both informative and entertaining. In a series of comic books and videos, Captain Contributor and … More >>
With a Health Savings Account (HSA), there are certain rules that govern whether or not you can contribute to the account. One requirement is that you must be enrolled in a qualified high deductible healthcare plan (HDHP). As people get older and qualify for Medicare, HSA owners may be wondering how Medicare affects their HSA. … More >>
For any business owner, payroll is an essential task. And when payroll goes wrong, you are sure to hear about it. Errors and miscalculations can be a major headache because they negatively affect employee satisfaction, not to mention the legal issues that can come with them. Outsourcing payroll may seem like an unnecessary expense, but … More >>
Forms and Materials Library for EmployersWelcome to the Forms and Materials Library. You will find a wealth of information about tax-advantaged benefit accounts, compliance questions and answers, commonly used forms, benefit card and system information, and more. FSA HSA HRA COBRA Bank Draft for Administrative Fees Compliance Services ERISA: Does My Plan Need to be … More >>
Authorize Discussions with Others HIPAA regulations prevent DataPath from sharing any details about your account, claim, reimbursement, debit card, etc. with anyone besides yourself unless we have a signed Authorization for Release of Information on file that names the specific person. Submit this form if you want to authorize other people, such as your spouse, … More >>
COBRA, HIPAA, ACA Reporting and More Describes the different compliance services available from DataPath Administrative Services, including COBRA administration, HIPAA, ERISA, and ACA Reporting. Details which of these services are mandatory for employers under current laws and regulations based on number of employees.
Handy Reference! Don’t know an SMM from a SPD? This handy reference sheet gives detailed but easy-to-understand explanations of the four types of documents required for all ERISA health and welfare benefit plans: Plan Document; Summary Plan Document (SPD); Adoption Agreement; and Summary of Material Modification (SMM).
Eligibility Requirements and Steps to Consider Effective for tax years after December 31, 2010, small employers have been allowed to adopt SIMPLE Cafeteria Plans, which are deemed to meet nondiscrimination requirements as long as the plan sponsor meets certain eligibility, participation, and minimum contribution requirements. This “safe harbor” also covers the non-discrimination requirements applicable to … More >>
QSEHRAs (pronounced “Cue-SERRAs”) Legislation creating the QSEHRA was passed as part of the 21st Century Cures Act in December 2016 and went into effect January 1, 2017. With a QSEHRA, small businesses can reimburse employees tax-free for their medical expenses, including personal insurance premiums. This guide outlines the requirements to sponsor a QSEHRA.
Fastest Possible Claims Payments Health Reimbursement Arrangement (HRA) with Claims Crossover provides for fast HRA claims payments (without employees having to first file a claim or pay an eligible expense) thanks to health claim feeds direct from the carrier. Contact DataPath Administrative Services for more information on your specific situation.
No More “Use It or Lose It” When you offer an FSA with the Carryover option, employees are no longer at risk of “use it or lose it” on their FSA accounts. Adopting the Carryover option can lead to greater employee satisfaction and a higher percentage of employees participating in the plan – which saves … More >>
Annual Return/Report of an Employee Benefit Plan Form 5500 is the form used to file an employee benefit plan’s annual information return with the Dept. of Labor (DOL). Only group plans that have 100 or more enrolled as of the anniversary date each year must file, except for government and church groups. Form 5500 must … More >>
Non-compliance penalties are steep Is the manner in which you are meeting your company’s COBRA obligations compliant with all COBRA rules and regulations? Chances are, it’s not. In fact, the IRS estimates that 90% of all employers who self-administer their COBRA obligations are not compliant. This explainer provides more information on common areas of non-compliance … 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 >>