HSAs have been around for almost two decades and continue to exhibit long-term adoption growth. However, many TPAs have been cautious about adding this account to their services menu. How can TPAs capitalize on this expanding opportunity and enter this consistently growing market?
During enrollment season, benefits administrators and employers look to build and deliver a benefits package that helps companies keep and attract top talent. While employees generally report they are happy with their employer’s benefits, statistics show that account adoption is often lacking. With a better understanding of their employer groups and proven educational approaches, TPAs can experience a more successful and fulfilling open enrollment period. Background Open enrollment can be a stressful time for benefits
DataPath Summit is the first cloud-based solution purposely designed as a single, all-encompassing platform for administering CDH accounts, COBRA, billing, and well-being benefits. Whether your business plans involve administering just one line of service or all of them, Summit can help you get where you want to grow. With a seamless design, Summit’s flexibility allows TPAs to take advantage of the full suite of solutions, or to choose only those services specific to their business.
Summit was designed with TPAs in mind, empowering them to provide superior FSA administration for health, limited purpose, and child care FSAs. Our cloud-based FSA solution features a streamlined plan setup with default settings and wizards; TPAs can also create plan templates to be used with other similar plans. With the powerful data exchange, administrators can import plan participants and dependents, enrollments, claims, and contributions. Summit enables TPAs to conduct nondiscrimination testing directly in the
Summit HSA features comprehensive, cloud-based HSA functionality, allowing TPAs to provide a level of service many banks won’t offer. Designed for simple HSA management, Summit features comprehensive functionality for TPAs, employers, and participants. Administrators can be as hands-on or as hands-off as they like, with options such as allowing participants can enroll online, make elections, and self-certify expenses. Summit features integrated investing, with investment options and educational materials available right in the portal. Conquer the
Summit empowers TPAs with the ability to build nearly unlimited Health Reimbursement Arrangement (HRA) plans, including group HRAs, Individual Coverage HRAs, Excepted Benefits HRAs, and Qualified Small Employer HRAs. Our cloud-based HRA solution empowers administrators with the ultimate in plan design flexibility. TPAs can customize plan details at the tier level, including deductibles and reimbursements. They can also set up other plans including dental, vision, and student loan reimbursement benefits. Summit card behaviors can be
Summit equips TPAs to go beyond “typical” benefit offerings to meet the needs of today’s diverse workforce with Lifestyle Spending Accounts. Lifestyle Spending Accounts (LSAs) are post-tax, employer-funded reimbursement accounts that assist employees in accessing products, services, or activities that help improve their overall sense of well-being. Expenses eligible for LSA reimbursement are chosen by the employer and can be nearly unlimited in scope. Many employers choose expenses within the categories of physical fitness, mental
Since 2002, DataPath has helped COBRA administrators get where they want to grow with industry-leading COBRA and Billing solutions. Administrators want to stay competitive, keep on top of regulatory changes, and attract and maintain new revenue streams. Summit’s powerful functionality allows you to take advantage of simplified terminations, automated notices and communications, flexible billing options, and more. Plus, we offer fulfillment and BPO services to help you grow your business. TPAs can also utilize the
The industry’s first, true all-in-one solution, Summit simplifies employee benefits administration for third-party administrators. TPAs can offer the full suite of solutions, or choose individual lines of service specific to their business. Considering an all-in-one administrative platform? You have choices. Here are the top 5 reasons why you should choose DataPath Summit: Get where you want to grow with DataPath Summit.
DataPath Summit BPO services offer you a level of convenience and quality that you won’t find elsewhere. Focus on running your business and becoming more efficient by letting DataPath handle your claims entry, fulfillment, enrollment, and contribution processing needs. DataPath Summit clients can enjoy: Let DataPath Summit help you automate and streamline many of your day-to-day processes with affordable and compliant BPO services.