Paylogix® Services

services

“Hard work spotlights the character of people: Some turn up their sleeves, Some turn up their noses, And some don't turn up at all.” -Sam Ewig

Paylogix® is in the premium administration business. We’re in the business of servicing the premium paying and premium collection business. We often generate a single billing statement for multiple products and/or multiple carriers. Premium administration dramatically simplifies the administrative complexities often burdened by the employer or group sponsor of benefit programs. This is our area of specialty.

With on-line services, we are merely taking this level of service one step further. There is no filing or paperwork to process. Past billing historical data and on-line assistance is available at your fingertips. We utilize an integrated electronic document management system. All hardcopy and electronic “paper work” is available for reference and confirmation. There are no envelopes to be opened or mail to be delivered, delayed or lost. The data exchange is infinitely faster and the number of tasks involved in the remittance of premium have been reduced.

What methods of collecting premiums are in use?

Electronic

We have implemented an Internet based web-enabled Consolidated Billing® system. The system notifies the client via e-mail that an electronic statement has been prepared. The client may then access the secure web address containing the respective invoice. The client has the option to simply print the statement and remit to us via standard courier or respond on-line within an interactive environment for a completely paperless transaction.

We also provide Automatic Clearing House Services. This enables us to debit an account at nearly any domestic financial institution.

Manual Bill

Hard copy or paper statements are forwarded to the client via common courier. Billing is typically in advance. This provides the premium payor ample time to make any necessary payroll deduction changes prior to collection and remittance. Advance billing is typically one billing frequency period. Billing is reviewed prior to mailing for verification of any past due balance. Billing statements are forwarded to the client with a return envelope for remittance.

Virtual Solutions.

Paylogix®’s web-enabled premium billing solutions are available on an application service provider (ASP) arrangement, transforming your legacy based paper trail of invoices and receivables into efficient online interactive relationships. This technology lease provides a pay-as-you-go means for an insurer to launch a fully functional electronic business-to-business (B2B) application via the Internet. As part of a comprehensive B2B e-commerce strategy, Paylogix® automates the invoicing, payment and related customer service functions between the insurer and the employer. Built by an experienced third party administrator of premium billing services, our offering is the only web-based invoicing application that provides a fully interactive environment designed to address the dynamic character of group and voluntary insurance products.

Paylogix® solutions are designed for the most demanding insurance B2B invoicing requirements - those with volume client relationships, invoices and line items. This design ensures a scalable solution for large users as well as for users that will implement in phases or grow over time.

What remittance procedures are in use?

Premiums are forwarded to the carrier and accompanied with a Billing Review report. This report gives details on who was billed when and who paid what with resolution down to the policy level. The system is designed to address a billing period for an employer/sponsor and separated by product. Both electronic and hardcopy transmittals are used. Any preferred electronic data exchange format by a carrier is readily embraced and supported.

What are the remittance frequencies supported?

Quite simply, any and all. Our system is supported internally and includes simple data entry screens to set up the desired billing frequency. A list of billing modes currently being used includes: weekly, biweekly, semi-monthly, semi-monthly first, semi-monthly last, monthly, monthly last, monthly-first Xday (X= any weekday or numeric specified date), quarterly, semi-annual, and annual.