HSA Management Software for TPAs, Easy HSA Administration!

HSA management (including investments) is made easy with Summit HSA

 

When you’re ready to compete in the lucrative HSA market, Summit HSA is ready. Summit is a cloud-based, all-in-one HSA management solution that offers TPAs the ability to increase revenue without taking on a lot of work. In addition, 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 deliver greater client satisfaction. Blaze a path to better HSA administration, more revenue, and stronger client relationships with Summit HSA!

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Why Choose Summit HSA?

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

  • Custodial Platform – With Summit HSA there is no need for separate partnerships with banks or other entities. DataPath offers centralized custodial banking services in addition to a robust HSA administration platform.
  • Expense Self-certification – Summit’s settings enable your participants to self-certify their HSA expenses, decreasing the amount of time you spend managing accounts.
  • Patented ClaimsVault® – Account holders can easily store and access their receipts and other documentation in our patented ‘electronic shoebox.’
  • Convenient HSA debit card– With the Summit HSA debit card, participants can receive quick, secure access to their tax exempt funds. MCC or IIAS restrictions can also be enabled.
  • Industry-Leading Customer Support – DataPath’s commitment to customer support is unparalleled in the industry. Our professional, courteous support team is knowledgeable and responsive to your needs and concerns.
  • 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 to participants through the mobile app.
  • Low Investment Threshold – Account holders can start investing their funds when their balance reaches $1,000. This allows them to grow their accounts quickly and easily without gimmicks.

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 administrators with more time to build stronger client relationships. HSA administration has never been easier!

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TaxFree Plans

We found DataPath to be a wonderful partner...look forward to many years in the future.

Dick Boever Principal

HSA Management Challenges Solved by Summit HSA

Summit allows administrators to cash in on the booming HSA market by giving them the ability to charge for the service. Summit adds value to both the employer and account holder experience with services and resources not usually offered by bank-hosted health savings accounts. Referring clients to a bank results in missed revenue for you and opens the door to frustration for your clients from the inconvenience of having multiple administrative providers.

Summit’s minimum for investing is $1,000, which means that account holders can start investing earlier and their dollars can grow quicker. Plus, employees can choose from a wide range of investment options tailored to their savings strategy. Investments are also customizable based on the account holder’s risk tolerance.

Summit provides a secure online portal that allows account holders and employers to manage their accounts. Employers may also use the portal to add company dollars to employees’ accounts.


Read our White Papers on HSA Management and HSA Management Services

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. As vendors merge and go through multiple acquisitions, they try to meet ... 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. With multiple entities placing an increased focus on HSAs, TPAs need to know how to position ... 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.  However, one significant area of concern for TPAs is competing with banks. In order to become a formidable alternative to traditional ... Read more

White Paper: Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market - When considering an account-linked payment card for employer benefits, TPAs must find a solution that provides improved security, accountability, and flexibility for all parties involved in the transaction. Introduction The rise of consumer directed healthcare (CDH) during the past decade has led many employers to seek new methods to incent ... Read more


More Information about HSA Management and HSA Management Services

Presenteeism in the Workplace – What is it and How to Address it - American businesses lose billions of dollars every year due to employees missing work due to physical sickness and mental health issues. Many businesses also deal with the practice of absenteeism – employees missing work on ... Read more

8 Ways to Engage Your Millennial Employees in Health Benefits - Are you an employer or HR? Chances are you have Millennial employees on your staff. The following infographic provides you with valuable information about this demographic, and how you can engage your Millennial employees in ... Read more

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 ... Read more

Press Release: DataPath Wins 2018 Digital Health Gold Award - DataPath, Inc. Honored with Gold Award for The Adventures of Captain Contributor Little Rock, AR, June 21, 2018 – DataPath, Inc., a leading national provider of healthcare benefits administration solutions, has been chosen for the 2018 ... Read more

Does Medicare Enrollment Impact My HSA Eligibility? and Other HSA Questions - For people enrolled in an HDHP and have (or are considering) an HSA, some commonly asked questions include “Does Medicare Enrollment Impact My HSA Eligibility?” For answers to this question and others, see below. Health Savings ... Read more

IRS Announces 2019 HSA Contribution Limits, HDHP Deductibles, and More - The IRS has announced the 2019 HSA contribution limits, out-of-pocket expense limits, and HDHP minimum deductibles in Revenue Procedure 2018-30. Health Savings Account owners will see an increase in contribution limits and out-of-pocket expense limits. ... Read more

HSAs and Workplace Wellness - For companies that are looking to reduce their healthcare costs and help deliver a better quality of life to their employees, a workplace wellness program coupled with an HSA-eligible HDHP could be the solution. Employers offer ... Read more

Press Release: DataPath white paper analyzes HSA profitability and potential administration solutions for TPAs - Little Rock, Arkansas (May 2, 2018) – As the HSA market steadily continues to grow, more third-party administrators (TPAs) are looking to add HSA management services to their portfolio. A new white paper published by ... Read more

Ideas for Funding Your HSA – Transfers, Rollovers, and More! - In addition to making tax-free payday contributions, your HSA comes with other funding options. Learn more about ways to build up your tax-advantaged account, including funding your HSA from other accounts. Owning a Health Savings Account ... Read more

Press Release – DataPath Launches Summit HSA - DataPath Announces Addition of HSA Administration and Investments in Cloud-Based Summit Platform DataPath’s fully-unified Summit platform becomes the industry’s only cloud-based solution to feature FSA, HRA, HSA and COBRA administration capabilities LITTLE ROCK (March 12, 2018) ‒ ... Read more


hsa management

Confident Investing

Help account holders invest their HSA dollars with confidence so they can grow their account balances quickly. Multiple bins are available, and users may access educational tools such as investment prospectus, RIA-developed lifestyle models, and detailed investor statements. DataPath has a licensed, in-house advisor who provides thoughtful, experienced guidance on investments.

hsa management

Convenient HSA Debit Card

HSA owners need an account-linked debit card so they can use their money easily and avoid the hassle of claims submission. Provide account owners quick, single-source access to their pre-tax dollars with the Summit debit card. Plus, claims paid using the Summit debit card are auto-substantiated at the point of purchase, greatly reducing your claim processing workload and the incidence of “pay and chase.”

hsa management

Accessible Claims and Receipts

Provide convenient, any-time access to claims and receipts for account holders. DataPath’s patented electronic ClaimsVault® allows access to stored documents as long as the account holder maintains an active Summit HSA account.

hsa management

State-of-Art Mobile App

Mobile apps are essential in today’s high tech world. Enable account holders to view their accounts, monitor card activity, and manage personal information using DataPath’s handy Summit mobile app, available for both Android and iPhone.

hsa management

Industry-Leading Customer Support

Give your clients the best in customer support. DataPath’s commitment to customer support is unparalleled, and we work directly with clients to address their concerns and exceed their expectations.

Other Benefits Include:

  • Available account information and support, 24/7, for administrators, employers, and account holders
  • Simplified HSA administration processes for account setup, contribution processing, expense certification, tax document preparation and notifications to account holders
  • MCC-restricted and IIAS-integrated debit card prevents tax penalties resulting from ineligible use
  • Accessible tax forms that may be viewed, printed, and filled out online. Receive assistance with forms 1099, 8889, and 5438
  • Secure Office of Foreign Assets Control identity verification with results management

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CDH White Papers

How TPAs Can Overcome Potential Pitfalls to Deliver a Unified HSA Experience and Maximize Earnings [web]
How to Revolutionize CDH Account and COBRA Administration with New, Seamless Technology for TPAs [web|pdf]
Positioning for Growth: Why TPAs Should Embrace a Thriving HSA Market [web|pdf]
Evaluating Solutions to Leverage a Booming HSA Market [web|pdf]
CDH White Papers Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market [web|pdf]

Easily administer FSAs, HRAs, HSAs, COBRA and more!

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