Premium Billing Services

Here's how VBASoftware's Premium Billing Services can help you:
  • Robust rating structure that allows for almost limitless design in billing, including: plan, plan type, tier, benefit, network, enrollment counts, age/sex, employee address, employer address, adult/child and more
  • Individual Billing allows for premium processing at an individual independent of defined rates at the Employer Group/Division
  • Premiums calculated by Employee based on defined rates and whether the billing calculation is to be individual based or Group based
  • Self-Admin billing allows for premium calculations based on user entered census data at a group level without the need for individual eligibility
  • Payments received entered against original invoice allowing for an invoice to be closed short automatically creating a future adjustment for this group to enforce data integrity
  • Invoices are automatically adjusted when enrollment information is changed based on defined rules
  • Company and Group settings allow for dynamic definition of impacted enrollments when creating adjustments as well as what the Group deems is an Adjustment
  • Fully functional distributions area hooked to premium billing that applies user defined rules to automatically distribute payments to a specified payee
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See what VBASoftware can do for your business

VBASoftware is designed to allow you to administer any line of business your way. VBA offers unlimited flexibility and robust functionality utilizing the latest in cloud-based technology. Don’t sacrifice. Have it all with VBA Software.

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