Simplify Premium Billing with BAS

Premium billing can quickly become an administrative burden for HR and benefits teams. Tracking who owes a premium, issuing invoices, monitoring payments, reconciling amounts received, and following up on exceptions can require significant time, particularly when employees or other participants are paying premiums outside of regular payroll deductions.

Benefit Allocation Systems, LLC (BAS) provides premium billing and reconciliation services designed to take these administrative responsibilities off the employer’s plate. Through MyEnroll360, BAS can manage billing, payment collection, reconciliation, and participant-level payment records as part of a coordinated benefits administration process.

More Than Just Sending an Invoice

BAS premium billing services can support a variety of populations and billing arrangements, including:

• Retiree premium billing
• Leave of absence premium billing
• Direct premium billing to employees
• Monthly invoicing and payment reconciliation
• Participant-level payment tracking
• Identification and resolution of billing exceptions
• Multiple billing frequencies, including monthly, quarterly, semiannual, annual, and one-time annual coupons
• Late-payment and reminder communications

Each billing cycle can be invoiced, tracked, collected, and reconciled, with payment status documented at the participant level.

Support for More Complex Billing Needs

BAS can also support organizations with billing requirements that extend beyond individual participant premiums. Location-based billing can be used to allocate and bill expenses such as health plan premiums, property and casualty premiums, taxes, pension contributions, and other expenses.

Depending on the client’s needs, BAS can support lockbox, ACH, and wire collections and remittances, as well as monthly insurance carrier premium payments from collected funds. Billing information can also be incorporated into general ledger updates to help coordinate financial reporting and reconciliation.

Billing Connected to Benefits Administration

One advantage of BAS’s approach is that premium billing does not have to operate as a separate, disconnected process.

MyEnroll360 supports enrollment, billing, compliance, reporting, and other administrative functions through a connected system and shared participant record. Enrollment information can flow into billing, billing activity can support compliance processes, and reporting can provide visibility into the administration.

For HR teams, this can mean less manual reconciliation between separate systems and better visibility into participant billing and payment status.

Let BAS Handle the Details

Whether an organization needs to bill retirees, collect premiums from employees on leave, directly bill other participant populations, or manage more complex premium and expense allocations, BAS can provide the technology and administrative support to manage the process.