Cloud Based HSA Software with DataPath Summit

HSA administration 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 software 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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Susan Luskin President/CEO

Diversified Administration, Inc.

DataPath's competitive pricing, quality products and services, and focus on client relationships can't be beat.

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

HSA Software - Custodial Platform

Custodial Platform

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

HSA Administration - Expense Self-Certification

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.

HSA Software - ClaimsVault®

Patented ClaimsVault®

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

HSA Administration - Convenient HSA Debit Card

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.

HSA Software - Investing

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.

Industry-Leading Customer Support

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. 

Easy Participant Portal and Mobile App

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. 

HSA Software

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 the most convenient, easy-to-use HSA administration platform on the market. Unlike banks and other HSA software 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 administration has never been easier! 

Read Our White Papers about HSA Software and Administration

Whitepaper: Why Employers Should Consider Outsourcing Benefits Administration
Healthcare benefits are complicated. Federal regulations are under constant scrutiny and frequently undergo revisions. Plan setup, account management, and compliance[...]
White Paper: How TPAs Can Boost Profits and Balance Their Workload Through Platform Efficiency
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.
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. TPAs need a solution that can help them streamline benefits administration, including HSAs, to deliver an industry-leading customer experience.
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 COBRA software vendors.
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 and market demands, TPAs can benefit from a thriving HSA market. With employers placing an increased focus on high deductible health plans and HSAs, TPAs and benefits administrators need to know how to take advantage of this lucrative revenue stream.
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 Information about HSAs

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.
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.
FSA vs HRA vs HSA – What are the Differences?
When it comes to consumer driven healthcare (CDH), there are three popular employer-sponsored benefit accounts: Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), and Health Savings Account (HSA). On first glance, when comparing an FSA vs HSA, FSA vs HRA, or HRA vs HSA, it can feel a little daunting. Each account has some overlapping similarities, but each is remarkably different.
Portability and 9 Other Important Things to Know About an HSA
Unlike an FSA or an HRA, both of which are owned by the employer, HSAs are owned by the individual. This means that the account owner funds the HSA, spends the money (within IRS regulations), earns interest, and chooses whether or not to invest the money. Most importantly, the individual keeps the account (HSA portability) should their employment status change due to job loss, changing company, or retirement. Employers may also choose to contribute to the HSA, but the account owner keeps the funds.
HSA Eligible Expenses
Since they were enacted in 2003, Health Savings Accounts (HSAs) have become an integral part of the consumer directed healthcare landscape for those with a high deductible health plan. One of the chief benefits of having an HSA is that account holders can use that money to pay for a wide range of eligible medical expenses for themselves, their spouses, and their tax dependents.
HRA vs HSA – What’s the Difference?
Do you know the difference between a Health Reimbursement Arrangement (HRA) and a Health Savings Account (HSA)? The key difference between the two is that an HRA is employer-owned whereas an HSA is employee-owned. With an HSA, the employee keeps the account and can transfer it when he or she changes jobs. Account holders may also invest their HSA funds.