DataPath, Inc.

FSA holders forfeited an average of $441 in unused balances in 2022. DataPath Summit users have DirectPay, which allows participants to purchase eligible items from FSAStore right from their online portal with just a click – fast, convenient, and secure. https://bit.ly/4dP1Flx

In this Employee Benefit News article from earlier this year, DataPath CFO Chris Gunderman shares some strategies HSA owners can adopt to grow and use these accounts to their full potential. https://bit.ly/3C5K3Qd

Factoring Medicare into benefits for older employees and retirees? It's often the best coverage option but can include significant out-of-pocket expenses. DataPath Summit makes it easier for employers to offer assistance. Learn more in this infographic. https://bit.ly/3ZPbxr0

With a growing emphasis on customized, cost-efficient health benefit solutions, ICHRAs are gaining popularity. ICHRA adoption by U.S. employers increased by 29% overall – and by a whopping 84% among ALEs alone – between 2023 and 2024 (HRA Council). https://bit.ly/3AOWung

Today is National Cocoa Day! Did you know that drinking cocoa is good for you? Cocoa beans contain antioxidants that may help prevent cancer and flavonoids that can positively affect arterial health. Now, if only the IRS would include cocoa as a Section 223 eligible expense....😉

Electronic funds transfers (EFTs) significantly changed in September 2022 with the implementation of new NACHA Nested Third-Party Sender (TPS) rules. Understanding these rules is crucial for TPAs to ensure smooth operations and avoid potential penalties. https://bit.ly/3yXzd1K

In a study by Willis Towers Watson (WTW), 72% of U.S. employees now prefer to stay with their current employers, marking a shift in workforce dynamics. Companies can gain a competitive edge by offering appealing, strategic benefits packages. https://lnkd.in/ejZkdRQF

There are presently more than 50 million children under age 13 in the U.S. Does your company offer a dependent care FSA? Many employees will save more with a DCFSA than by taking the child care tax credit. Learn more in our blog. https://bit.ly/3PocYWz

With only 47% of employees having access to an FSA and 39% to an HSA through their employer (per BLS), TPAs have many growth opportunities. Partner with DataPath for the technology and BPO solutions you need to succeed. #WhereDoYouWantToGrow #NoBoundaries https://bit.ly/3ZEJRVE

The IRS has announced via Notice 2024-83 that the Patient-Centered Outcomes Research Institute (PCORI) fee for policy or plan years ending between October 1, 2024, and September 30, 2025, will be $3.47. Learn more about what PCORI is for. https://bit.ly/2UB3CvE