Flexible Compensation: More than Healthcare Adding Compensation Management Services Can Help TPAs Thrive in a Challenging Market Employer-sponsored benefits come in many different forms. Most commonly, benefit packages include health and life insurance coverage, paid time off, healthcare spending accounts, and retirement plans. However, there is another form of flexible compensation that is becoming steadily … More >>
CDH Account Administration with DataPath Summit
Manage FSA, HRA, HSA, Dependent Care, Transit, Debit Cards and More
Summit is the “everything you could need” solution for CDH account administration.
Designed specifically with TPAs in mind, Summit helps you master the challenges of tax-advantaged account administration for FSAs, HSAs, HRAs, Dependent Care accounts, Transit, and more. Plus, our cloud-based platform combines CDH account administration with flexible financial processing options, including banking and investment capabilities for HSA account holders.
It’s everything you and your clients could need in a single, cohesive platform.
Quick, Easy Account Setup
Summit’s default settings and wizards streamline employee benefits administration, data entry, and record keeping processes. Set up a new plan with just a few clicks or customize to meet employer needs.
Summit’s convenient mobile app lets account holders access account information, check balances, and submit claims on-the-go. Available for Apple and Google devices.
Easy Business Consolidation
Summit was built to meet the current market reality that firms are consolidating and outsourcing more than ever. Summit includes a Master-Sub relationship that is unparalleled in the industry.
Secure Broker Access
Summit is the only platform that empowers you to give brokers secure, online access to specified data on shared clients. With Summit, you designate what data can be shared with which people. Maintain full control while forming closer relationships with referring brokers to grow your business.
Nondiscrimination testing in Summit is simple, whether the data being tested is already in the system or imported specifically for this purpose. In addition, Summit allows you to adjust participants’ compensation limits, and to print and share test results including recommended plan changes.
Claims Processing Services
Allow our knowledgeable and professional team handle your claims processing, participant enrollments, and contribution processing. Most claims can be turned around in a day and our fees compare favorably with other alternatives.
Read Our Whitepapers about CDH Account Administration
Employers may be switching to HDHPs and HSAs, but there are still some barriers to employees embracing the change. A lack of understanding and confusion about cost shifting are among the factors in non-adoption. TPAs and brokers, as front line experts for consumer directed healthcare, have the tools and knowledge to deliver greater HSA adoption … More >>
Today’s healthcare consumers have more choice than ever when it comes to healthcare benefits. However, research suggests they are not utilizing those benefits as effectively as they could, in large part due to lack of knowledge and understanding about them. For third party administrators, understanding where the gaps exist and providing solutions to address them … More >>
Healthcare benefits are complicated. Federal regulations are under constant scrutiny and frequently undergo revisions. Plan setup, account management, and compliance are just a few of the time-consuming demands that come with the job of benefits administration. While employers may think they should handle these detail-oriented duties with an in-house staff, outsourcing benefits administration to an … More >>
HRAs are a flexible tax-advantaged vehicle to help employers save money while delivering a strong benefits package for their workforce. The challenge for third party administrators is finding a benefits administration solution that enables them to attract and retain clients, deliver superior service, and create flexible and complex HRA plans without overbearing constraints from their solutions provider.
As new technologies emerge, TPAs who offer benefits administration such as CDH account and COBRA administration should continually evaluate their day-to-day business operations to reduce costs through greater efficiency.