Health Savings Accounts (HSAs) are tax-favored IRA-type trust or custodial accounts that can be contributed to by, or on behalf of, “eligible individuals” who are covered by certain high-deductible health plans (HDHPs) to pay for certain medical expenses of the eligible individuals and their spouses and tax dependents. HSAs first became available as of January 1, 2004 after being created by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA). The statutory rules governing HSAs are found primarily in Code §223. Unlike HRAs and Archer MSAs, HSAs can be funded on a pre-tax basis through a cafeteria plan.

TCO has partnered with HSA Today to offer the best HSA solution available today!

HSAToday’s features include:

Confident Investing

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.

Convenient mySourceCard®

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-the-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.
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.

To learn more about HSAs in our Learning Center please Click Here.