HSA Management and HSA Management Services
HSAToday® – Manage HSA Assets and Investments
Navigating the employer benefits landscape is filled with complex administrative hurdles for third party administrators, particularly when it comes to HSA management.
Since 2005, HSAToday® has been a trailblazer in the Health Savings Account market, with its low investment threshold, patented records and receipts vault, and white label branding. HSAToday can help you boost revenue and build stronger client relationships while DataPath does all the administrative work for your clients’ HSAs.
HSAToday provides everything necessary for employers and account holders to take full advantage of tax savings and investment opportunities, with extra benefits including wellness options. Account holders can enroll online, make withdrawals and contributions, submit receipts for certification, access statements, update personal and plan information, manage investments, and calculate contributions and tax savings any time through a secure, single sign-on web portal.
Blaze a trail to better HSA management and stronger client relationships with HSAToday.
Here are just a few of the challenges solved by HSAToday:
“Managing HSAs is tedious. Plus, the employee can register for an HSA at a bank for free, which relieves me of the task. What is the benefit of using HSAToday?”
When you register for HSAToday, you won’t have to worry about administering your clients’ HSAs. DataPath takes on full administration of the accounts. You get the benefit of added revenue without the hassle of HSA management.
“Many HSA providers require a $2,500 minimum before the account holder can start investing. The high minimum hinders account growth.”
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.
“Employers and employees find it difficult to manage their accounts through a third party.”
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.
Help account holders invest their HSA dollars with confidence. Multiple bins are available, and users may access educational tools such as investment prospectus, RIA-developed lifestyle models, and detailed investor statements.
Provide quick, single-source access to HSA dollars with the mySourceCard debit card. Plus, claims paid using the mySourceCard are auto-substantiated at the point of purchase, greatly reducing the claim processing workload and the incidence of “pay and chase.”
Accessible Claims and Receipts
Provide convenient 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
Enable account holders to view their accounts, monitor card activity, and manage personal information using DataPath’s myRSC app, available for both Android and iPhone.
Other Benefits Include:
- Available account information and support, 24/7, for administrators, employers, and account holders via myHSAToday.com
- Simplified administrative processes for account setup, contribution processing, expense certification, tax document preparation and notifications to
- 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