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 >>
Cloud Based HRA Administration Software with DataPath Summit
Streamlined HRA Administration, Account-Linked HRA Debit Card, QSEHRA
DataPath Summit is a groundbreaking cloud based platform for the administration of Health Reimbursement Arrangements (HRAs), including ICHRAs, EBHRAs, QSEHRAs, and other CDH accounts. As the industry's best HRA administration software, Summit enables easy HRA administration for TPAs with:
- Complex HRA plan creation without having to submit an enhancement request
- Streamlined plan set up with default settings and wizards
- Customized plan capabilities for each employer group, including contribution schedules and reimbursement settings
- Account-linked HRA debit card with IIAS and MCC restriction capability
- And more!
Streamlined Account Setup
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
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.
Secure Broker Access
Summit is the only HRA administration software that enables you to share specific data on shared clients with your referring brokers.
Easy 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 HRA 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.
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.
HRA Administration Software Resources
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.
DataPath releases new HRA materials for award-winning employee engagement program LITTLE ROCK, ARKANSAS (September 24, 2019) – DataPath, Inc., a leading developer of technology solutions for employer-sponsored benefits, announced today that it has released new materials for its award-winning The Adventures of Captain Contributor™ education and engagement program. Focused on Health Reimbursement Arrangements (HRAs), these … More >>
The Internal Revenue Services (IRS) issued a final rule to create two new types of Health Reimbursement Arrangements (HRAs). The newly created Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA will go into effect on January 1, 2020.
A Health Reimbursement Arrangement (HRA) is part of consumer driven healthcare. While HRAs have the same basic legal guidelines as other types of reimbursement accounts, they differ in that they’re funded exclusively by the sponsoring employer. Funding amounts and eligible expenses are unique to each employer.
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. Employers and workers alike have questions about how a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) will affect them. Legal experts are in the process of interpreting the law, but here’s a list of some QSEHRA FAQs and their answers that are generally agreed upon.