BAS’ Premium and Expense Billing Solution provides easy and efficient accounting and billing capabilities, which can improve collections from employer locations/divisions. BAS’ systems can support any type of billable expense and distribute invoices by email and US Mail on a daily, weekly, monthly, quarterly, semi-annual or annual cycle.
BAS offers three types of premium billing solutions, along with a custom alternative:
Location Billing - Designed for organizations with divisions or locations that need to be billed for their share of insurance premiums. These premiums can be for the locations’ employees’ group insurance benefits, or it can be for the premiums paid up to the organization’s “central office” for coverage such as property, casualty, workers comp, general liability, fine arts, etc.
Consolidated Billing - Designed to have all of the group insurance bills (health, dental, vision, life, STD, LTD, etc.) directed to BAS for BAS to organize, reconcile and consolidate the amounts due into one invoice for the organization. BAS delivers the single invoice to the organization, and then uses ACH withdraw technology to obtain the funds from the organization. Thereafter, BAS uses those funds to pay all of the various insurance carriers on behalf of the organization.
Retiree Billing - Designed to offload an organization’s entire retiree billing responsibility to BAS. BAS’ retiree billing services include:
- Initial Setup & Data Reconciliation
- Initiating Employee to Retiree
- Automated Benefits Assignment
- Automated Instant Premium Billing
- Interim Billing Statements
- Secure, Professional Premium Collection and Processing
- Self-Service Account Access Module
- Self-Service Life Event Module
- Electronic Data Interchange Module (EDI)
Custom Solution - BAS also offers a billing solution that can be customized. This MyEnroll.com billing module offers remarkable flexibility to bill practically any type of billable item.
