Single-Source Consolidated Billing

Having to manage payroll-deducted premiums and reconcile bills for multiple insurance carriers has become commonplace for employers who offer voluntary benefits to their employees.

Auditing billing statements for accuracy and paying multiple carriers is a daunting task for employers and HR departments.

Thanks to M Partners’ Single-Source Consolidated Billing process, no longer will employers need to worry about monitoring and reconciling carrier bills.

How we can help

• We monitor your carrier bills for accuracy, then reconcile them down to the policy or certificate level
• We consolidate all carrier premiums into one bill for you, and provide detail at the employee level
• You submit one payment to us, and we pay the insurance carriers

How this benefits you

• You avoid managing premiums from multiple carriers
• You remit premium accurately, thus avoiding overpayment
• You will no longer feel the need to limit the number or type of employee benefits offered

How it works

• We capture initial and ongoing group enrollment information from the benefit administration platform
• We pull monthly statements from each carrier, audit & reconcile their bills using our proprietary software
• You receive a single bill for all carriers, along with a detailed report that includes all enrolled employees,
• their benefit elections, and individual premium amounts
• We initiate one ACH debit for the total amount due to all carriers
• We remit a payment in the amount due to each carrier