HSAToday® – HSA Administration Software for TPAs, Making HSA Management Easy!
HSA administration (including assets and investments) is made easy with HSAToday
High deductible health plan enrollment is surging and TPAs need a solution that can help them compete in the increasingly lucrative HSA market. HSAToday is an HSA management platform that offers TPAs a way to increase revenue without taking on a lot of additional work. HSAToday features simplified HSA administration, a low investment threshold, industry-leading customer support, and an intuitive interface. These features can help you boost your bottom line and deliver greater client satisfaction. Blaze a trail to better HSA management, more revenue, and stronger client relationships with HSAToday!
Why Choose HSAToday? Benefits and Features
- Low Investment Threshold – At $1,000, HSAToday enables account holders to grow their hard earned dollars faster.
- Convenient mySourceCard®– With this account-linked debit card, participants can receive quick, secure access to their tax exempt funds. MCC or IIAS restrictions can also be enabled.
- Easy Participant Portal and Mobile App – With an internet connection, participants can enroll online, view account activity, pay providers, manage investments, access tax information and submit and store receipts. Many features are also available to participants through the mobile app.
- Custodial Platform – With HSAToday there is no need for separate partnerships with banks or other entities. DataPath offers custodial banking services in addition to a robust HSA administration platform.
- Industry-Leading Customer Support – DataPath’s commitment to customer support is unparalleled in the industry.
All these features and more make HSAToday the most convenient, easy to use HSA management system on the market. Unlike banks and other HSA platform providers, DataPath services the accounts by reconciling payments, contributions, distributions and interest payments. Plus, TPAs also don’t have to worry about reviewing expenses because HSA account holders can self-certify their purchases, leaving administrators with more time to build stronger client relationships. HSA administration has never been easier!
We found DataPath to be a wonderful partner...look forward to many years in the future.
HSA Management Challenges Solved by HSAToday
HSAToday allows administrators to cash in on the booming HSA market by giving them the ability to charge for the service. HSAToday adds value to both the employer and account holder experience with services and resources not usually offered by bank-hosted health savings accounts. Referring clients to a bank results in missed revenue for you and opens the door to frustration for your clients from the inconvenience of having multiple administrative providers.
HSAToday’s minimum for investing is $1,000, which means that account holders can start investing earlier and their dollars can grow quicker. Plus, employees can choose from a wide range of investment options tailored to their savings strategy. Investments are also customizable based on the account holder’s risk tolerance.
HSAToday provides a secure online portal that allows account holders and employers to manage their accounts. Employers may also use the portal to add company dollars to employees’ accounts.
Read our White Papers on HSA Management and HSA Management Services
White Paper: Positioning for Growth – Why TPAs Should Embrace a Thriving HSA Market -Health Savings Accounts (HSAs) have been growing in popularity over the past decade. Due to healthcare reform in Washington, D.C., and market demands, TPAs can benefit from a thriving HSA market.With multiple entities placing an increased focus on HSAs, TPAs need to know how to position ... Read more
White Paper: Evaluating Solutions to Leverage a Booming HSA Market -As the Health Savings Account (HSA) market continues to surge, the time is right for TPAs and other companies to jump in and build additional revenue. However, one significant area of concern for TPAs is competing with banks.In order to become a formidable alternative to traditional ... Read more
White Paper: 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.Introduction The rise of consumer directed healthcare (CDH) during the past decade has led many employers to seek new methods to incent ... Read more
More Information about HSA Management and HSA Management Services
Can You Have an HRA and HSA at the Same Time? - Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), help individuals and families pay for medical expenses. They also provide more control over how and where to pay for those ... Read more
Why Health Savings Accounts are Booming in 2017 - Data from recent years shows that Health Savings Accounts are booming and factors indicate continued growth in years to come. Since 2013, employee participation in Health Savings Accounts (HSAs), which enable individuals and families to use ... Read more
Kickstart the 2017 School Year with Your Employer-Sponsored Benefits - The 2017 school year is almost upon us! That means parents (and children) are starting their preparation rituals by shopping for clothes, school supplies, and back packs, and taking care of other assorted essentials. Of course, ... Read more
How a Mid-Year Change of Status Affects HSA Contributions - When a person has a change of status during the plan year, it affects his or her annual Health Savings Account (HSA) contribution limit. The following provides a regulatory overview (with some examples) of how ... Read more
FSAs, HSAs and BCRA – The New Senate Healthcare Bill - On Thursday, June 22, 2017, Senate Republicans released the draft of their new healthcare proposal, known as the Better Care Reconciliation Act (BCRA). Similar to the previously proposed American Healthcare Act (ACHA), Americans will see ... Read more
The Value of a Consumer Directed Healthcare Account - View the infographic below to discover the value of consumer directed healthcare accounts. The graphic features an overview of HSAs, HRAs, ... Read more
Millennials and HDHPs: A Perfect Fit for Employers and TPAs? - Millennials are younger and healthier in comparison to their Gen X and Baby Boomer peers. Are Millennials and HDHPs with ... Read more
Did You Know about these HSA Benefits? Six Things to Keep in Mind - If you have a Health Savings Account (HSA), there may be some benefits to this consumer directed healthcare account that ... Read more
HSA and Retirement – How Your HSA Can Boost Your Retirement Fund - HSAs were designed to help make healthcare more affordable and give people more freedom in their personal healthcare decisions. However, ... Read more
Are You a Health Benefits Pro? Take This Quiz to Find Out! - Do you think you are a health benefits pro? Put your knowledge to the test with this quiz! (function(d, s, id) ... Read more
Investing HSA Funds – The Key to Substantial Growth - HSA owners benefit from tax-free growth on their account through interest earned and investment income. However, with interest rates at ... Read more
ACA and Health Savings Accounts – What Could Be the Future of HSAs - In 2017, with the inauguration of a new president and with Congress openly discussing healthcare reform, Health Savings Accounts (HSAs) ... Read more
Eye Care and Your Employer-Sponsored Benefit Account - Eye care is an important part of your overall wellness. Comprehensive eye care includes exams, vision correction procedures, corrective eye wear ... Read more
HSA Enrollment May Surge During Trump Administration - Already a popular consumer driven health account, HSA enrollment could see a significant boost during the Trump Administration. Now that the ... Read more
CDH Accounts Can Help Take the Scare Out of Halloween Injuries - If you get injured this Halloween, look to your consumer directed healthcare (CDH) account to take the scare out of ... Read more
Department of Labor Rule Change Could Impact HSA Account Holders - The United States Department of Labor (DOL) finalized a conflict of interest rule designed to ensure that investment advisors deliver ... Read more
FSA, HRA, and HSA Account Holders Receive Congressional Boost - On July 6, 2016, the House of Representatives passed a significant piece of legislation that affects millions of Americans who ... Read more
Benefits Debit Cards Offer Convenience and Practicality - Today’s reality highlights the need for benefits debit cards: in a 21st century, first-world society, card payments are the norm ... Read more
DataPath Summit: The Nation’s Best Benefits Administration Platform - According to a recent study conducted by SHRM, employer-sponsored benefits increased by 35 percent in 2015, which is a seven ... Read more
HSA Investing – Many Account Holders are Missing Out - Health Savings Accounts (HSA), a popular component of employee benefit packages with high deductible health plans, offer an abundance of ... Read more
Cadillac Tax: What the Impending Tax Means for Businesses and Employees - In recent weeks, financial experts have been discussing the Cadillac Tax that applies to health care programs, including pre-tax contributions ... Read more
Help account holders invest their HSA dollars with confidence so they can grow their account balances quickly. Multiple bins are available, and users may access educational tools such as investment prospectus, RIA-developed lifestyle models, and detailed investor statements. DataPath has a licensed, in-house advisor who provides thoughtful, experienced guidance on investments.
HSA owners need an account-linked debit card so they can use their money easily and avoid the hassle of claims submission. Provide account owners quick, single-source access to their pre-tax dollars with the mySourceCard debit card. Plus, claims paid using the mySourceCard are auto-substantiated at the point of purchase, greatly reducing your claim processing workload and the incidence of “pay and chase.”
Accessible Claims and Receipts
Provide convenient, any-time access to claims and receipts for account holders. DataPath’s patented electronic ClaimsVault™ allows access to stored documents as long as the account holder maintains an active HSAToday account.
State-of-Art Mobile App
Mobile apps have become essential in today’s high tech world. Enable account holders to view their accounts, monitor card activity, and manage personal information using DataPath’s handy myRSC app, available for both Android and iPhone.
Industry-Leading Customer Support
Give your clients the best in customer support. DataPath’s commitment to customer support is unparalleled, and we work directly with clients to address their concerns and exceed their expectations.
Other Benefits Include:
- Available account information and support, 24/7, for administrators, employers, and account holders via myHSAToday.com
- Simplified HSA administration processes for account setup, contribution processing, expense certification, tax document preparation and notifications to account holders
- MCC-restricted and IIAS-integrated debit card prevents tax penalties resulting from ineligible use
- Accessible tax forms that may be viewed, printed, and filled out online. Receive assistance with forms 1099, 8889, and 5438
- Secure Office of Foreign Assets Control identity verification with results management
|Positioning for Growth: Why TPAs Should Embrace a Thriving HSA Market [ web ]|
|Evaluating Solutions to Leverage a Booming HSA Market [ web | pdf ]|
|Assessing the Benefits of an End-to-End Card Processor in the Consumer Directed Healthcare Market [ web | pdf ]|
HSAToday Videos July 2, 2017