Summit – Cloud-Based Benefits Administration Software
Seamless employee benefits administration for FSA, HRA, HSA, Dependent Care, Transit, COBRA and more
Summit is the only true all-in-one cloud-based solution, featuring seamless benefits administration for CDH accounts, HSAs, and COBRA billing. Created with the needs of TPAs in mind, Summit simplifies and streamlines employee benefits administration across all lines of service such as FSA, Dependent Care, HRA, QSEHRA, HSA, Transit/Commuter accounts, and COBRA. Summit’s unified design is unrivaled – it’s the only benefits administration software solution that centralizes CDH account, HSA, and COBRA functionality in a single platform.
How Summit Will Save You Time and Money
- Quick and easy account setup – Our default settings and wizards allow plan setup with just a few clicks. You can customize contribution schedules, reimbursement and card settings, or whatever your clients need. You can also simplify new employer groups or plan years.
- Global record keeping – Summit enables you to keep single employer and participant records for both CDH and COBRA administration. In addition, single benefit plans can possess different CDH and COBRA attributes.
- Automated reimbursements – Speed up and simplify payment administration by automatically generating payments and stop manual payment creation.
- Flexible data exchange – Tell Summit the type of data you expect, and it automatically reads and inputs the data you need. Our exchange also has automated data retrieval and delivery.
- Non-discrimination testing – Non-discrimination testing in Summit is simple, whether the data being tested is already in the system or imported specifically for this purpose. In addition, our benefits administration software allows you to adjust participants’ compensation limits, and to print and share test results including recommended plan changes.
- Additional Tools to Help You Grow – Unique broker portal, a la carte plan design capability, and full white label branding can elevate your business to the next level.
CDH Account Administration
Summit allows practically unlimited plan design, from the simplest to the most complex. With our cutting-edge benefits administration software, you can customize your clients’ account-based plans with:
- Multiple benefit designs and options (medical, dental, vision, wellness, etc.)
- Account-linked debit card that offers a stacked benefit environment that allows portability between benefits
- Differentiated deductibles
- Co-insurance rates and co-pays for each benefit option
- Variable employee/employer responsibility
- Roll-over
HSA Administration and Investments
Summit HSA helps TPAs increase revenue without taking on a lot of additional work. Summit features simplified HSA administration, a low investment threshold, and industry-leading customer support. Boost your bottom line with a benefits administration platform that offers:
- A participant portal for account holders to enroll online, pay providers, manage investments, access tax information and submit and store receipts
- Account-linked debit card for participants to receive quick, secure access to their HSA funds; MCC or IIAS restrictions can also be enabled
- Custodial banking services that eliminate the need for separate partnerships with banks or other entities
COBRA Administration
Since 2002, DataPath has been a recognized leader in COBRA billing solutions. Now with Summit COBRA, we’re elevating the way you handle benefits administration. Scale the mountain to greater success for you and your clients with Summit’s seamless COBRA functionality, including:
- Single employer and participant records for both CDH and COBRA administration
- Single benefit plans that can possess different CDH and COBRA attributes
- Event-based notice generation
- Automatically monitored COBRA-related events
- Time-frame tracking
- Flexible loss-of-coverage options
Additional Features and Benefits
Reaching the pinnacle of employee benefits administration has never been easier. Benefits administration software should make it easy for TPAs to do their jobs and grow their business, and that’s exactly what DataPath had in mind when we created Summit. Features include:
- A la carte plan design
- Simple business consolidation
- Secure broker access
- Full white label branding
- Faster, more secure payments
TaxFree Plans
We found DataPath to be a wonderful partner...look forward to many years in the future.
Read our White Papers on Employee Benefits Administration Software
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 ... 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 ... 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. 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 |
More Information about Employee Benefits Administration Software
| Press Release – DataPath Launches Summit HSA – DataPath, Inc., a leading innovator of employer-sponsored benefits administration solutions, announced today its new Health Savings Account (HSA) administration and investment functionality in Summit, the company’s cloud-based platform. The HSA expansion will make DataPath Summit the industry’s only SaaS solution with fully-unified CDH, investment and COBRA billing capabilities. Learn more about this new functionality for its healthcare benefits administration software.
DataPath Announces the Release of COBRA in Cloud-Based Summit Platform – DataPath, Inc., a leading innovator in the consumer-directed healthcare industry, announced today new COBRA billing functionality in Summit, the company’s cloud-based benefits administration software platform. With Summit COBRA, benefits administrators will be able to perform both CDH and COBRA account administration within the industry’s only fully-unified cloud system. Find out how this technology is revolutionizing employee benefits administration. Press Release: DataPath White Paper Analyzes Technology Solutions and the Impact on TPAs – DataPath keeps the needs of third party administrators (TPAs) top of mind when developing and updating employee benefits administration platforms like Summit. In this whitepaper, DataPath examines how communication breakdowns and unsynchronized data can degrade the TPA-client relationship; cost TPAs, employers, and employees time and money; and cause administrative headaches through redundant fees and duplicate workflows. The white paper also discusses technological solutions that allow TPAs greater flexibility, reduced costs, streamlined processes and confident compliance. Read to learn how a comprehensive, all-in-one employee benefits administration software solution can address these issues. DataPath Summit: The Nation’s Best Benefits Administration Platform – DataPath has listened to the needs of TPAs everywhere to design an employee benefits administration platform that is everything they could ever need. From one simple, cloud-based platform, TPAs can now manage FSAs, HRAs, HSAs, Transit Accounts and Benefits Debit Cards from one simple centralized location. Learn how Summit makes employee benefits administration easy here. |
The ‘Everything You Could Need’ Employee Benefits Administration Software Solution
Summit supports a virtually unlimited array of benefit account types, including FSAs, Dependent Care, HSAs, HRAs, QSEHRAs, Transit/Commuter, COBRA and more.
Summit is your full-service solution for account-based financial management. A powerful, cutting-edge benefits administration platform, Summit allows practically unlimited plan design, from the simplest to the most complex. Administrators can design a customizable account-based plan with the following:
- Multiple benefit designs and options (medical, dental, vision, wellness, etc.)
- Debit card that links to any account-based employer benefit package and offers a stacked benefit environment that allows portability between benefits
- Differentiated deductibles
- Co-insurance rates and co-pays for each benefit option
- Variable employee/employer responsibility
- Roll-over
Quick and Easy Account Setup
Summit’s default settings and wizards streamline employee benefits administration, data entry, and record keeping processes. Setup a new plan with just a few clicks or customize to meet employer needs.
Save time by customizing default settings for the data entry processes you use most:
- Default plan parameters — e.g., FSA, HRA, HSA, etc. — that can be further customized as needed from setup to setup
- Contribution schedules
- Reimbursement schedules
- Debit card functionality
Summit’s wizards walk you through each step and ensure that the necessary information has been entered. In addition, an easy-to-follow progress bar helps keep you on track.
Complete HSA Management Capabilities
Summit offers you and your clients full HSA administration functionality. As a custodial platform, Summit is your one-stop shop for HSA management, banking and investments, allowing you to compete in the booming HSA market without having to take on a lot of work.
Summit HSA includes:
- Custodial platform, so there’s no need to partner with a bank
- Expense self-certification for participants
- Patented ClaimsVault® for electronic receipt and document storage
- Integrated investments
Seamless COBRA Administration
Since 2002, DataPath has been a recognized leader in COBRA billing solutions. Now with Summit COBRA, we’re elevating the way you handle benefits administration.
Scale the mountain to greater success for you and your clients with Summit’s seamless COBRA functionality, including:
- Single employer and participant records for both CDH and COBRA administration
- Single benefit plans that can possess different CDH and COBRA attributes
- Event-based notice generation
- Automatically monitored COBRA-related events
- Time-frame tracking
- Flexible loss-of-coverage options
Simple 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.
Roll new books of business as a Subordinate under your Master portfolio, and gain comprehensive search and reporting functionality across all books of business while maintaining data separation.
Summit was also designed to simplify data integration. You already have data transfer systems in place with distinct file structures. Summit’s integration tool lets you continue to send and receive files in the same format you use now. You tell Summit the format in which you will provide the data and how to expect it.
Summit takes it from there.
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.
You control:
- Access rights
- Read/Write permissions
- Data segregation
- Report creation and customization
- Quality and Audit controls
Summit’s unique broker access allows brokers to get the information they need, without risking clients’ privacy.
Non-Discrimination Testing
Non-discrimination 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.
White Label Branding
Customize the administration and participant portals with your brand, reflecting your logo, colors, themes, message, and web address. DataPath branding need not appear on any public-facing pages or features.
Summit is your private employee benefits administration platform, branded to fit your business needs. You have complete freedom to customize your site without DataPath’s ‘fingerprint’ appearing on any public-facing page.
That’s reserved for you.
And even more reasons to reach for Summit:
Global Navigation and Search – Summit learns your most frequent daily functions and automatically pushes them to you as you navigate, eliminating endless clicking to find the information you use most. No other web-based solution is designed specifically to allow multiple windows to be open simultaneously.
Top-Notch Reporting Capabilities – Summit’s unique drag-and-drop report writer lets you create custom reports within minutes. Management-level dashboards, statistical analysis, and data modeling tools provide ‘big data’ when you need it.
Data Migration Beyond the Boundaries – Summit makes normal import/export restrictions a relic of the past. Rather than limiting you to a few pre-defined file formats, Summit enables you to specify the format in which you will be providing the data and how Summit can expect it to arrive. From payroll imports to carrier feeds and beyond, importing and exporting doesn’t get any easier.
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Summit CDH and COBRA Administration Overview (pdf) |
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Why Work with DataPath? (pdf) |
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Partner Marketing: Investing in Your Success (pdf) |
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SSAE 18 SOC 1 Type 2 Audit Certificate (pdf) |
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Evaluating Partner Marketing Services: How TPAs Can Grow Revenue and Cut Costs by Partnering with a Benefits Platform Solutions Provider [web] |
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How TPAs Can Balance Their Workload, Ensure Compliance, and Generate More Revenue Through Platform Efficiency [web|pdf] |
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How TPAs Can Overcome Potential Pitfalls to Deliver a Unified HSA Experience and Maximize Earnings [web|pdf] |
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How to Revolutionize CDH Account and COBRA Administration with New, Seamless Technology for TPAs [web|pdf] |
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Positioning for Growth: Why TPAs Should Embrace a Thriving HSA Market [web|pdf] |
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Evaluating Solutions to Leverage a Booming HSA Market [web|pdf] |
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Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market [web|pdf] |
