Simple to Use
Easing the HR burden must be a part of any effective Health Savings Account solution. HSAToday was designed with both the employee and employer in mind, and getting started is quick and easy: the portal will guide you through the process of making contributions and funding your employees’ health savings accounts.
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HSAToday is a secure, fast, and reliable web-based solution. All you need is an internet connection and a computer to access it – there is no special software to install. Data backup and disaster recovery planning are included in the package, giving you peace of mind.
HSAToday was designed for ease-of-use, with an intuitive interface and flexible contribution and funding options. Online instructions are available to guide you through the processes.
HSAToday is a complete, end-to-end service for you and your employees, bringing together a savings account with fully-integrated investments, health plan information, and expense tracking through our patented ClaimsVault® technology.
Contact us for more information on how to offer HSAToday to your employees.
HSAToday has a number of service options. Your administrator can provide a comprehensive service, taking care of all HSA tasks on your behalf. Or if a self-service model is what you prefer, then our online tools enable your HR staff to have control. Call your administrator today for detail.
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Account setup can be completed through two options. Online enrollment will be facilitated by your administrator who will perform basic setup and provide a web link for your employees. HSAToday accounts may also be setup by your staff by importing a census file.
While the payroll deductions import tells HSAToday how much in deposits each employee should receive, employers can actually fund the accounts through our online portal as well by instructing us to draft your company’s bank account. As long as fund transfers are initiated prior to our daily deadline, your employee account balances will reflect the deposits by the next business day.
Secure and Compliant
Given the sensitive nature of personal and medical information, we understand your concerns with trusting a third party to safeguard this data. DataPath has been in the employee benefits business for over 30 years and information security is one of our top priorities for all clients and products.
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Our security controls undergo annual testing by accredited SSAE 16 auditors and these reports are available on request. We have two state-of-the-art data centers where we store and backup all client information. Each data center is a hardened facility with physical security.
Ensuring the privacy of your employees’ financial and personal health information is very important to us. The HSAToday ClaimsVault is an ‘electronic shoebox’ that account owners can use to store claims, receipts, and other documentation that proves their distributions were spent on qualified expenses. Any information stored in ClaimsVault remains private and protected.
Health savings accounts are more than a bank account. With legal requirements, tax reporting, and investment options, HSAs require specialized attention that you cannot get from most banks. Our partner TPAs have the expertise and industry knowledge to provide all the support you need.
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When you enroll your group for HSAToday, we provide you with a dedicated account manager who can help you with all aspects of HSAs, including regulatory and compliance support.
When your employees are ready to transition to HSAToday, we provide you with the tools to make this process run smoothly. Enrollment assistance comes in many forms, including phone support from an experienced enrollment specialist.
HSAToday administrators are just a phone call away. Personal care and understanding are the trademarks of our customer service. Our administrators believe you should get a person when you call, not a voicemail. We are ready to take your call today.
Maximizing the success of an HSA rollout requires coordination and good communication. We can provide you with an out-of-the-box communications campaign including email templates, flyers, brochures, and stuffers.
Good, timely information is key to almost every business function. HSAToday’s detailed reporting enables you to effectively manage employee accounts and steer clear of tax issues.
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HSAToday keeps track of employee contributions and their proximity to the IRS contribution limits. This solution also tracks your high-deductible health plan to distinguish between Individual and Family coverage and determine the appropriate limits – something most banks just cannot do.
If an employee exceeds or if an error in deposit exceeds IRS contribution limits, HSAToday displays a warning notification. The warning displays when loading contributions, allowing you to resolve the discrepancy before posting.
HSAToday includes both cash balance reporting and self-service tools to help you manage your unallocated funds. For example, you can add money to your employer account or initiate a withdrawal on demand.