To ensure correct balances and payments, precise management of eligibility, carrier files, and premium payments is a must. Saving our clients thousands of dollars each month, our premium reconciliation process is accepted by employers and carriers for a seamless integration.
Premium Reconciliation Services
Reconciliation of premium payments on a monthly basis, based on our database of participant coverage. We can use either a balance forward process or a full-file compare.
Summariesof all changes and terminations for all plans.
Retroactivitythat is automatic and system-driven.
Invoices segmentedaccording to the company's needs - by location, division, or cost center.
Balance forward methodthat brings the prior month's payments forward with additions, deletions, and changes, then compares the new balance to the carrier bill.
Consistent look and feelfor all plans that simplifies and improves accuracy for internal accounting.
One bill for simplificationwith all lines of coverage for each carrier calculated.
List of billscreated for self-administered plans.
"At Atlas Copco North America LLC, we have complexity in our data - with multiple legal entities and over 30 pay schedules. The benefitexpress team has managed this well for years."
Beth Woods Manager, HR Service Center
"The support I received from the benefitexpress team and particularly our account manager exceeded my expectations. During the enrollment process, benefitexpress was very flexible and quick to respond whenever we needed them."
Director of HR
"It's simplicity. Of all benefitenrollment/adminsystemsI have ever seen and/or usedbenefitexpressis THE MOSTUSER-FRIENDLY!!"
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