Streamlined HRA Administration, Account-Linked HRA Debit Card, QSEHRA
DataPath Summit is a revolutionary cloud-based platform for the administration of Health Reimbursement Arrangements (HRAs), including QSEHRAs, and other consumer directed healthcare accounts. Summit enables simplified HRA administration for TPAs with:
- Quick account setup with default settings and wizards that streamline data entry and record keeping processes
- Custom plan setup for each employer group, including contribution schedules and reimbursement settings
- Account-linked HRA debit card with IIAS and MCC restriction capability
- And more!
DataPath Summit enables HRA administration without boundaries.
Saving Time and Money with Summit HRA Administration
Summit is more than HRA administration software; it’s the ‘everything you could need’ solution for CDH account and COBRA billing administration. In addition to HRA management, you can administer FSAs, DCAPs, Limited Purpose FSAs, Transit/Commuter accounts, and COBRA billing.
Summit’s robust benefits and features can help you grow your business:
Summit’s plan setup wizards streamline HRA administration, data entry, and the record keeping process. Set up a new plan with just a few clicks or customize to meet employer needs.
Complex HRA Administration Made Easy
Summit is the only cloud-based solution that can administer unlimited HRAs – from the simplest to the most complex – without the need for enhancement requests.
Summit is the only platform that
enables you to share specific data on shared clients with your referring brokers.
Simple Business Consolidation
Summit recognizes that TPAs are consolidating and outsourcing more than ever. Summit includes a Master-Sub relationship that is unparalleled in the industry.
HRA Debit Card
Offer your employer groups quick, convenient access to their HRA benefit dollars with an account-linked HRA debit card. The Summit HRA debit card is customizable with your logo upon request.
Powered by MasterCard®, the Summit debit card offers a stacked environment that allows participants to access multiple benefit accounts (DCAP and HRA, for example) from a single payment source. The Summit HRA debit card can be used everywhere major credit cards are accepted. The benefits debit card can boost participation rates for employer groups.
DataPath is the industry’s only solutions 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.
HRA Administration Resources
On Tuesday, October 31, 2017, the Internal Revenue Service (IRS) released official guidance on the usage of Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs) in Notice 2017-67, The guidance comes nearly a year after the passage of the 21st Century Cures Act, which was signed into law by President Obama in December 2016, and contains 79 questions and answers in a 59-page document. Topics covered…
This guide provides answers to frequently asked questions about Health Reimbursement Arrangements (HRA FAQs). For questions and answers regarding Qualified Small Employer HRAs (QSEHRAs), go here. A Health Reimbursement Arrangement (HRA) is part of consumer driven healthcare, allowing participants to use set aside money to pay for out-of-pocket medical expenses for themselves and their families. While HRAs have the same basic legal guidelines as other…
Health Reimbursement Arrangements (HRAs) are employer-sponsored benefit plans that allow employees to withdraw tax-free money to pay for qualified medical expenses. Unlike other types of employer-sponsored healthcare benefits, the employer owns the HRA and completely funds it; employees do not make contributions. If your employer offers an HRA, here are some important things to know about the accounts. Since HRAs are employer-owned, HRA plan setups…
In December 2016, President Obama signed the 21st Century Cures Act into law. The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Previously, the Affordable Care Act (ACA) prohibited businesses from offering HRAs for individual insurance premiums. With the passage of the…
‘What are the differences between an FSA vs HRA vs HSA?’ is a common question for many people. Here’s a quick overview of the different accounts, how they’re similar and how they standalone. At the bottom of the post is an infographic with a visual representation of the comparisons. When it comes to consumer driven healthcare (CDH), there are three popular employer-sponsored benefit accounts: Flexible…
Health Reimbursement Arrangements, better known as HRAs, are an important piece of the consumer driven healthcare market. The employer-funded account is one arm of healthcare consumerism which enables individuals to take better control of their personal medical decisions. Here are the pros and cons of this benefit account. Pros for Employers Offering HRAs Cost Control Employers choose how much to contribute to each employee’s HRA…