On Tuesday, May 12, the IRS published additional COVID-19 guidance for employer-sponsored healthcare benefits. Drafted to address unanticipated changes in medical and childcare costs due to the COVID-19 emergency, the two Notices relax mid-year election changes for health Flexible Spending Accounts (FSAs) and Dependent Care Assistance Programs (DCAPs). They also provide more flexibility in grace … More >>
Cloud Based FSA Administration Software with DataPath Summit
FSA Administration, FSA Debit Card, FSA Eligible Expenses
DataPath Summit is a powerful cloud-based solution that enables administration for healthcare Flexible Spending Accounts (FSAs), limited purpose FSAs (LPFSAs), and dependent care FSAs (DCAP). Summit promotes efficient FSA administration for TPAs with:
- Quick account setup with default settings and wizards
- Customizable plan setup for nearly unlimited plan designs, contribution schedules, and reimbursement settings
- Convenient mobile app allows participants to check balances and submit claims from their handheld devices
- Account-linked FSA debit card with stacked benefit environment
Advance your FSA administration capabilities with DataPath Summit.
Quick, Easy Account Setup
Summit’s default settings and wizards streamline FSA administration, data entry, and the record keeping process. Set up a new plan with just a few clicks or customize to meet employer needs.
Simple Consolidation
Summit recognizes that TPAs are consolidating and outsourcing more than ever. Summit includes a Master-Sub relationship that is unparalleled in the industry.
Secure Broker Access
Summit is the only FSA administration software that enables you to share specific data on shared clients with your referring brokers.
Full White Label Branding
Customize your participant and employer portals with your logo, colors, and distinct URL. The Summit mobile app can also be customized to reflect your brand.
FSA Debit Card
Offer your participants quick, convenient, secure access to their benefit dollars with an FSA debit card. The Summit debit card, powered by MasterCard, features a stacked benefit environment that allows access to multiple accounts from a single source. Participants can use their Summit FSA debit card everywhere major credit cards are accepted.
With an FSA debit card, you can increase auto-substantiation rates and decrease the amount of time spent entering paper claims, which simplifies FSA administration. The Summit card can be customized with your logo upon request. The benefits debit card also incentivizes participation rates for employer groups.
DataPath is the industry’s only FSA administration software provider that is also an end-to-end card processor. We keep every card related process in-house, including industry-leading customer service and technical support.
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Sound Benefit Administration
I was sold on the COBRA product with DataPath. I checked several references. They all turned out good. So with confidence I moved to DataPath, and I have never regretted my decision.
Gina Marken
Principal
FSA Administration Software Resources
COVID-19 Claims Run Out Extension for FSA and HRA Plans
On April 29, 2020, the IRS, Department of Labor, and other federal agencies published a final notice providing COVID-19 relief guidance on COBRA extensions. The notice also extended run out periods for health Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) plans. Learn more about the COVID-19 claims run out extension and what it … More >>
COVID-19 Testing and Healthcare Benefits FAQs
In recent weeks, Congress and the IRS have acted to provide relief to Americans due to the COVID-19 (coronavirus) health emergency. With the passage of the CARES Act, updates to HDHPs, HSAs and other measures, businesses, workers and third party administrators have a lot of questions about these changes. See the list below for answers … More >>
CARES Act: HDHPs and Telemedicine; OTC Medications Become Eligible Healthcare Expenses
On Friday, March 27, 2020, Congress passed the CARES Act (H.R. 748) and the President signed it into law. The $2 trillion bill is designed to provide economic relief for American citizens and business due to the COVID-19 healthcare emergency that has greatly impacted the U.S. economy. In addition to the stimulus checks and unemployment … More >>
Press Release: DataPath and TPA Stream Announce Partnership
DataPath announces new partnership with TPA Stream to help Summit clients increase efficiency and process claims more effectively.
IRS Announces 2019 FSA Contribution Limit Increase
2019 FSA contribution limits will increase by $50.00, going from $2,650 to $2,700. The increased contribution limit affects health FSAs and limited purpose FSAs. Health FSAs may be used for a wide range of out-of-pocket healthcare expenses, including co-pays, deductibles, most dental and vision services, prescriptions, and more. Limited Purpose FSAs are coupled with an HSA and may be used for vision and dental expenses only. Dependent Care Assistance Plans will stay at the $5,000 annual limit.
