Goodbye clunky reimbursement
One seamless solution for ICHRA payment automation designed to work with any existing plan
Simplify ICHRA reimbursement
Automated
Make premium payments without cumbersome paperwork and employee involvement
Compliant
Easily meet substantiation and regulatory requirements and make payroll adjustments
Flexible
Payment options designed to meet the needs of any carrier's payment preferences
ADAPTABLE
The ability to work with any broker or administrator and their ICHRA offering, regardless of platform
Download an overview to learn more about our ICHRA payment automation solution.
PPM in action
Learn how Premium Payment Manager works in our new product video. We cover how PPM enhances your ICHRA offering, simplifies ICHRA reimbursement and the exact steps we follow to automate your healthcare payments.
PREMIUM PAYMENT MANAGER
Familiar process,
new options
Manage employee premium payments and reimbursement administration without any additional employee burden, just like with a traditional plan.
PPM is an automatic, self-regulating reimbursement solution essential for integrating an ICHRA into any offering.
- API integration
- Automated carrier payments
- Flexible carrier payment methods
- Real-time funding reports
- Regulatory compliance
- Reimbursement documentation
HOW IT WORKS
Incredibly simple reimbursement with payment automation
Are you ready to pay all employees’ total premiums through a single monthly ACH payment, deduct their portion through payroll, receive all the proof necessary for IRS deductibility AND keep all the reimbursement administration behind the scenes where it belongs?
Employers design an ICHRA plan with a broker, administrator, or enrollment agent of their choice
Employers design an ICHRA plan with a broker, administrator, or enrollment agent of their choice
Employees are educated on the offering and enroll in individual coverage on the marketplace
Employees are educated on the offering and enroll in individual coverage on the market place
Employee premium enrollment information is collected and housed within PPM
After enrollment that’s where we come in. Employee premium enrollment information is collected and housed within PPM
PPM creates accounts at all insurance carriers where employees are enrolled
PPM creates accounts at all insurance carriers where employees are enrolled
PPM funds these accounts through a single monthly ACH transfer from the employer’s bank account, regardless of the number of employees or carriers
PPM funds these accounts through a single monthly ACH transfer from the employers bank account, regardless of the number of employees or carriers
As carriers apply these funds to employees’ premiums, PPM records and reports the transactions to ensure IRS deductibility status
As carriers apply these funds to employees’ premiums, PPM records and reports the transactions to ensure IRS deductibility status
Through the PPM dashboard, employers update employee eligibility, view reporting to adjust payroll accordingly and can access year-end reporting information
Through the PPM dashboard, employers update employee eligibility, view reporting to adjust payroll accordingly and can access year-end reporting information