HSA Management and HSA Administration Services

HSA management with investments is made easy with Summit HSA

When you’re ready to take advantage of the lucrative HSA market, Summit HSA is ready.

Summit is an all-in-one, cloud-based HSA management solution that offers TPAs the ability to increase profits without taking on a lot of additional work. Plus, with Summit’s seamless functionality, you can administer FSAs, HRAs, COBRA and other employer-sponsored benefits within a single solution. These features can help you boost your bottom line and develop higher client satisfaction.

Scale the mountain to improved HSA administration, more revenue, and stronger client relationships with Summit!

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Querbes & Nelson

DataPath has given us a way to set ourselves apart from other brokers.

Rachel Thrash Claims Manager

Why Choose Summit HSA?

Summit enables you to offer employers and account holders a convenient ‘one-stop shop’ for every HSA-related need with centralized HSA management, flexible banking options, and integrated investments in a secure, web-based environment.

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Custodial Platform

DataPath offers custodial banking services (with flexible banking options). Summit HSA is centralized banking and simple HSA management together in a single solution.

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Expense Self-Certification

You can enable Summit’s settings to allow participants to self-certify their HSA expenses and decrease the amount of time you spend managing accounts.

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Patented ClaimsVault®

Account holders can easily upload and store their receipts and other documentation in our patented ‘electronic shoebox.’

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Convenient HSA Debit Card

With the Summit HSA debit card, participants have quick, secure access to their tax exempt funds. MCC or IIAS restrictions can also be enabled.

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Confident Investing

Account holders can invest their HSA funds with confidence so they can grow their account balances quickly. Multiple bins are available, and users may access educational tools such as investment prospectuses, RIA-developed lifestyle models, and detailed investor statements.

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Industry-Leading Customer Support

DataPath’s commitment to customer support is unrivaled in the industry. Our professional, courteous support team is knowledgeable and responsive to your needs and concerns.

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Easy Participant Portal and Mobile App

With an internet connection, participants can enroll online, view account activity, pay providers, manage investments, access tax information, and submit and store receipts. Many features are also available through the mobile app.

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And More!

Accessible tax forms may be viewed, printed, and filled out online. Account holders can also receive assistance with forms 1099, 8889, and 5438. Summit HSA also offers secure Office of Foreign Assets Control identity verification with results management.

All these features and more make Summit HSA the most convenient, easy-to-use HSA management system on the market. Unlike banks and other HSA platform providers, DataPath services the accounts by reconciling payments, contributions, distributions and interest payments. Plus, TPAs don’t have to worry about reviewing expenses, leaving more time to build stronger client relationships. HSA management has never been easier!

Read Our White Papers on HSA Management and HSA Management Services

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White Paper: How TPAs Can Boost Profits and Balance Their Workload Through Platform Efficiency - As new technologies emerge, TPAs who offer both CDH account and COBRA administration should continually evaluate their day-to-day business operations to reduce costs through greater efficiency. Read more

White Paper: How TPAs Can Deliver a Unified HSA Experience and Maximize Earnings - Since 2005, the market for Health Savings Accounts (HSAs) and qualified high deductible health plans has been continuously growing, and so has the market for HSA management services. Read more

White Paper: How To Revolutionize CDH Account and COBRA Administration with New, Seamless Technology for TPAs - Computer technology is continually evolving. The benefits administration platforms of years past are ill-equipped to meet the demands of 21st century users, and benefits administrators are looking for increased efficiency, better data integrity, and greater value from software vendors. Read more

White Paper: Positioning for Growth – Why TPAs Should Embrace a Thriving HSA Market - Health Savings Accounts (HSAs) have been growing in popularity over the past decade. Due to healthcare reform in Washington, D.C., and market demands, TPAs can benefit from a thriving HSA market. Read more

White Paper: Evaluating Solutions to Leverage a Booming HSA Market - As the Health Savings Account (HSA) market continues to surge, the time is right for TPAs and other companies to jump in and build additional revenue. TPAs need a simple and affordable administrative solution that provides their clients robust features, while also enabling them to boost their bottom line. Read more

More Information about HSA Management and HSA Management Services

Understanding the HSA Withdrawal Penalty and Other Useful Information

Health Savings Accounts (HSAs) are a wonderful tool for saving money on healthcare expenses. When you enroll in a qualified high deductible health plan and sign up for an HSA, you contribute pre-tax money into an account then withdraw those funds for qualified healthcare expenses. When used for qualified expenses, withdrawals are tax-free. However, many HSA owners wonder if the money can be used for non-qualified expenses. If so, is there an HSA withdrawal penalty?

Enrollment Season Checklist

Infographic: Open Enrollment Checklist

Facts, Figures & Tips for a Successful Enrollment Process.
The following infographic provides an overview of facts, figures and tips for employers to have a successful open enrollment process.

New FSA and HSA Materials for Captain Contributor

DataPath Publishes New FSA and HSA Materials for Captain Contributor

DataPath, Inc., a leading provider of cloud-based benefits administration solutions, recently released new materials for its award-winning employee education and engagement program, The Adventures of Captain Contributor. The new materials include second edition comic books, videos, and fact sheets for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs).

Health Savings Account FAQs

Health Savings Account FAQs

Health Savings Accounts are increasing in popularity due to participants’ ability to reduce healthcare expenses, save on taxes, and put additional money aside for retirement. HSAs have been available since 2005, and people have many questions about how to qualify for an account, what expenses are eligible, how to open an account, and other Health Savings Account FAQs. Here’s what you need to know about these powerful tax-advantaged tools.

Does Medicare Enrollment Impact My HSA Eligibility?

Does Medicare Enrollment Impact My HSA Eligibility? and Other HSA Questions

For people enrolled in a high-deductible health plan (HDHP) and have (or are considering) an HSA, some commonly asked questions include “Does Medicare Enrollment Impact My HSA Eligibility?” Here are the answers to this question and others.

2019 HSA Contribution Limits

2019 HSA Contribution Limits, HDHP Deductibles, and More Announced by the IRS

2019 HSA contribution limits, out-of-pocket expense limits, and HDHP minimum deductibles were announced by the IRS in Revenue Procedure 2018-30. Health Savings Account owners will see an increase in contribution limits and out-of-pocket expense limits. The new amounts go into effect January 1, 2019.

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