August 20, 2009
NEW Rates for the HSA participants with PSE and ASE
We are pleased to announce that the Health Savings Account (HSA) Administration contract for all Arkansas State and Public School employees with high-deductible health plans was again awarded to DataPath on August 5th, 2009. The new rates are listed below and you will be pleased to learn that participants ARE NO LONGER REQUIRED TO PAY MONTHLY FEES as they have in the past. Please review the new rates and do not hesitate to call if you have questions. We are very pleased to be able to continue to serve the Arkansas State and Public School Employees and look forward to serving you.
The State of Arkansas will be absorbing the following HSA fees for the participants:
Account Setup (One Time)
| Online or electronic account setup: | $15.00 |
| Paper account setup: (Debit Card included) |
$25.00 |
Monthly Participant Fee
| HSAToday Participant Fee: (Debit Card included) |
$4.00 |
The member will pay the following Participant's fees:
| Additional Debit Card | $5.00 |
| Paper Disbursement (check) | $1.50 |
| Paper Copy 1099 SA or 5498 | $5.00 |
| Corrected 1099 SA or 5498 | $25.00 |
| Investment Monthly Fee: | $3.00 |
| Account Closing Fee: | $25.00 |
| Paper Statements Monthly | $2.00 |
| Returned Deposit EFT or Check | $15.00 |
| Overdraft/NSF | $25.00 |
| Minimum Account Balance | $25.00 |
All Electronic Deposits, Reports, or Statements will be FREE OF CHARGE.
Thank you,
DataPath Administrative Services, Inc.
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