For benefits administrators and brokers, what does the future of technology hold? What can software providers do to help them drastically improve their services, give them a competitive edge, and ensure they can stay in compliance? March 16, 2021 By Adam Rockers Originally Posted by BenefitsPro Former Microsoft CEO Steve Ballmer said “The number one … More >>
Cloud-based Benefits Administration Software
Seamless benefits administration solution for FSA, HRA, HSA, Dependent Care, Transit, COBRA and more
Summit is the industry’s first, true all-in-one cloud-based solution. Our platform features comprehensive benefits administration functionality for CDH accounts, HSAs, COBRA, and Premium Billing.
Purpose-built for a better benefits experience, Summit simplifies employee benefits administration for third party administrators. TPAs can offer a full suite of health and Dependent Care FSAs, HRAs, HSAs, Transit/Commuter accounts, COBRA, and direct and retiree billing in a single solution, or choose individual lines of service specific to their business.
Rise above the competition with DataPath Summit!
Learn How Our Benefits Administration Software Works
Assets and Investments
FSAs, HRAs, HSAs, DCAPs, Transit
COBRA, Retiree, and Direct Billing
- Includes Health, Dependent Care, and LPFSAs
- Quick and easy account setup with default settings and wizards
- Nearly unlimited plan designs, contributions schedules, reimbursement settings
- FSA card with stacked benefits environment
- Set up and administer nearly unlimited HRA plan types, including ICHRA, EBHRA, and QSEHRA
- Customize plans at the tier level, including deductibles and reimbursements
- Modify card MCCs per employer plan
- Easy-to-use plan templates
- Perform HSA management, banking, and investments in a single solution
- Claim certification options for TPAs and participants
- Online enrollment and elections for participants
- Investing options and accessible educational materials
- Offer section 132 benefits for transit fare, commuter vehicle, and parking accounts
- Convenient debit card with terminal restrictions available in many major metros, including NYC, New Jersey, Northern Virginia, Philadelphia and San Francisco
Recent News about Benefits Administration Software
DataPath announces new partnership with TPA Stream to help Summit clients increase efficiency and process claims more effectively.
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.
A new white paper released today by DataPath evaluates the evolution of computer technology and examines how current software solutions impact the work of third party administrators (TPAs). DataPath, a platform provider for consumer directed healthcare accounts, COBRA and billing administration, also highlights the importance of an all-inclusive approach to solutions development.
Whitepapers and Infographics about Benefits Administration Software
HRAs are a flexible tax-advantaged vehicle to help employers save money while delivering a strong benefits package for their workforce. The challenge for third party administrators is finding a benefits administration solution that enables them to attract and retain clients, deliver superior service, and create flexible and complex HRA plans without overbearing constraints from their solutions provider.
Using a multi-platform approach to CDH and COBRA benefits administration can create a host of problems for third party benefits administrators. The following infographic highlights the negative impacts of a multi-platform approach and examines the benefits of a single solution.
The following infographic outlines the must-have features of benefits administration software for third party benefits administrators. If your solution doesn’t have all of these, it may be time to upgrade. To streamline your workflow and increase the bottom line, look for these features and capabilities.
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.
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.
Whitepaper: 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.
Whitepaper: 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.