Billing Reconciliation and Payment
The Billing Reconciliation and Payment Service from PlanSource takes the worry out of billing and reconciliation for HR teams. From gathering monthly carrier bills and calculating self-reported totals to handling payments to insurance carriers and resolving issues, PlanSource manages the process from end-to-end. By ensuring that eligibility and billing match to the enrollment data reported in the PlanSource Benefits Administration system, HR professionals get a valuable benefit - more time to focus on higher value activities.
How Does The Service Work?
Why Billing Reconciliation and Payment?
Let someone else sync-up the bills to ensure correct payments
Stop tedious comparisons between enrollment and carrier records
Ensure correct premium payments are made to insurance carriers
Ensure that adjustments are done in a timely manner
PlanSource Does The Hard Work For You With Plenty of Benefits
Let someone else track
and pay individual carrier bills
comparisons of monthly invoices
and resolve the quickly
Minimize the risk
of incorrect premium payments
Establish a single point of contact
for billing from multiple carriers
“PlanSource manages all the tedious functions of benefits administration for me so I can spend my time on other value-added areas. Bill reconciliation alone is worth the cost of this platform! No other platform offers this service.”
-Lisa DeGisi, Benefits and Welfare Specialist, BPM
What’s Included In The Service?
Whether it’s a self-bill or list-bill, we’ll take care of it
Clients get one bill showing everyone who needs to be paid
Employers pay us and we’ll pay everyone on your behalf
All list bills are audited and any issues with carriers resolved