We offer two great options for Billing Reconciliation:
Two Source and Three Source Bill Reconciliation

Two Source Bill Reconciliation

We will reconcile actual premiums collected from employees’ payroll against expected premiums based on vendor invoice/bill and provide a total amount the vendor is owed along with a detailed report.

  • Total premium amount due to vendor
  • Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
  • Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records

  • NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
  • NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck

Three Source Bill Reconciliation

We will reconcile actual premiums collected from employees’ payroll against expected premiums based on elections and vendor invoice/bill. We will then provide a total amount the vendor is owed along with a detailed report.

  • Total premium amount due to vendor
  • Overpaid: employee premiums overpaid per vendor expectations and/or client’s enrollment records
  • Underpaid: employee premiums underpaid per vendor expectations and/or client’s enrollment records

  • NotBilled: employee premiums collected that match the client’s enrollment records but are not present on the vendor’s invoice/bill (when itemized by invoice/bill provided)
  • NotCollected: employee premiums expected by vendor but no premiums collected from employee’s paycheck

  • Orphaned: record that only appears on one of the three reconciliation sources

  • File submission to payroll

What are you waiting for?

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