List Billing Premium Calculations
Our system calculates member-level age-based premiums for all medical and dental plans. Employers see the full premium, the employer portion of the premium, and the employee-paid portion of the premium in their employer portal and on the monthly invoice. During plan shopping, employees see their portion of premiums (after employer contributions have been applied) for all available medical and dental plans.
Invoice Generation
Invoices are available electronically to employers, brokers, and general agencies. Invoices are mailed to the employer.
Quotes are generated and distributed electronically, with the ability to download as PDF or spreadsheet currently in development.
The system generates one invoice for employers regardless of how many different carriers or different types of medical or dental plans the employer chooses to offer.
Lockbox Management
Wells Fargo’s system allows us to manage lockbox payments, download reports of lockbox payments, and review images of all lockbox payments. We are currently in the process of automating processing of lockbox payment file feeds directly into the NFP financial management system.