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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McGregor & Associates, Inc.

We have shopped around, and we cannot find another HSA platform that offers what DataPath offers. The reporting, customer service, ease of ability to use the system – you won’t find that anywhere else.

Raquita Rowland HSA Division 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. Improvements in technology give rise to numerous opportunities for cost reduction, but they also introduce important questions that must be addressed. For example, is relying on two or more systems for separate but related business functions creating more work for ... 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. However, TPAs who want to compete and make money by adding HSAs to their portfolio see significant barriers to market entry — finding revenue opportunities, time and cost involved, and multiple business partnerships, among others. To avoid these ... 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. With multiple entities placing an increased focus on HSAs, TPAs need to know how to position themselves in order to take advantage of this lucrative revenue stream. Those who don’t could lose out on a ... 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 banks, TPAs need a simple and affordable administrative solution that provides their clients robust features, while also enabling ... Read more

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2019 HSA Contribution Limits

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

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