The insurance "Self-Billing" module in MyEnroll360 makes it easy for employers to pay their group life, short-term disability, and long-term disability premiums to their carriers. The MyEnroll360 Self-Billing module consolidates employees into coverage-specific reports that meet each insurer's reporting requirements.
The consolidated billing is based on employees' enrollment data in MyEnroll360. MyEnroll360 consolidates employees’ current and retroactive adjustments (adds, changes and terminations, if any), for benefit elections, premium, coverage date, and benefit volumes/level for each premium-payment-due-period (usually monthly but it can be more frequent depending on each carrier's specific requirements). The data is synthesized into one report. Current debits and retroactivity credits flow neatly onto the Self-Billing reports in accordance with the insurance carriers' specifications. Copies of the Self-Billing PDFs are stored in MyEnroll360 for reference for paying carriers.
The benefits of the MyEnroll360 Self-Billing reports include:
To learn more about the MyEnroll360 Self-Billing module, contact your account manager or email Solutions@BASusa.com.