Group Premium Administration
Maintaining eligibility and remitting premiums to multiple insurance carriers can be time consuming. Outsource your group premium administration and save valuable time. Save money by monitoring eligibility in accordance with your carrier's eligibility guidelines.
Services Offered
- Eligibility administration: including determining effective date, maintaining eligibility, benefit plans in specific geographic areas, and ensuring over-age dependents are terminated from plan
- Premium calculation: appropriate for medical, dental, vision, life, LTD, STD, AD&D and other employee benefit programs
- Consolidated group billing: for each employer group or subgroup, division or location
- Premium collection: from each employer group or subgroup
- Adjustment and reconciliation of each group bill monthly
- Weekly eligibility updates to insurance carriers
- Premium payment to carriers monthly through ACH or by check
- Customer Service support for employers and employees
