Turn Roadblocks into Revenue
Have you run into a billing roadblock? See how other brokers have utilized PIOPAC services to turn these common roadblocks into revenue. Have a roadblock of your own? Reach out to us:
Roadblock: The complications or extra workload of managing deductions and invoices for VB carriers, drives the organization to decline adding VB benefits to their employees or members.
Revenue:
When hearing an organization “wants nothing to do with billing,” think PIOPAC. Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Encounter an organization that doesn't have payroll deduction slots, or they ran out?
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Come across an organization who desires to offer benefits, but payroll deductions are not an option since payroll is managed at another location.
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Industries where reconciliation is a challenge due to transitional nature of workforce (retail, restaurants, hotels, casinos, nursing homes, seasonal work).
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as; employee loyalty, increased employee engagement, less turnover, and more without the administrative workload often associated with managing deductions for flex and seasonal workers.
Roadblock: Employer has agreed to pay for an off-the-Job Accident Expense Plan to reduce Worker’s Comp claim frequency (Monday morning injury type claims) and would like to offer access to other Supplemental Products but is unwilling or unable to provide payroll deduction.
Revenue:
With PIOPAC's robust system, employers can subsidize benefits as much or as little as they want by defined contribution or by policy. PIOPAC can gather the employer sponsored premiums from the employer while simultaneously drafting the employee’s additional premiums from the participant’s preferred checking or card. This removes the need for payroll deduction and still gives the employer the many advantages of offering benefits.
Roadblock: Employer desires to offer VB to full-time employees but does not want to offer benefits to part-time and variable-hour employee’s, in order to avoid the hassles with payroll for those populations.
Revenue:
Utilizing PIOPAC can help the organization offer benefits to their part time and variable hour (even 1099 workers) without the hassle commonly associated with payroll deduction. PIOPAC can gather premiums for from the employer's payroll checking account for the full-time employees, and draft part time and variable hour employees (even seasonal or temporary workers) who can pay their premiums directly with a recurring draft from their personal checking account or card of their choice. This gives the employer the power and advantages of offering benefits, and cultivating a bench for future hires, while managing staffing to match output needs while protecting the organization from exhaustive costs and administrative workload commonly associated with payroll deductions and invoice management for these types of employees.
Roadblock: Professional Employer Organization (PEO) is interested in the revenue opportunity if they offer VB and simultaneously, they are focused on reducing their administrative costs and they view reconciliation as an expense.
Revenue:
Reconciliation can be complicated, exhaustive, expensive, and taxing. Working with PIOPAC can help PEO's retain and attract the right staff, without the burden and costs of administrating the benefits.
Roadblock: Employer desires to offer Voluntary products without running through Section 125 to avoid compliance requirements and recordkeeping.
Revenue:
Direct Deposit Pay services allows employers to point after tax premiums from employee's wages to benefits without the need for individual deductions for benefits, DDP and EFT services (which removes the employer completely from the administration of benefits billing) both utilize after-tax monies and no cafeteria plan is needed for benefits for these solutions.
Roadblock: Employers would like the advantages of pre-taxing benefits, effectively removing benefits from otherwise payroll expenses, but do not see that those "savings" offset the costs of administering benefits.
Revenue:
Employers can offer benefits on a pretax basis. Simply key in the deductions for employees, and keep PIOPAC apprised of any changes. PIOPAC will draft the deducted premiums from the employer's payroll account, generally avoiding invoice payments; all the while, enjoying the advantages of pre-taxing the benefits if they so choose.
Roadblock: Lack of personnel resources to handle VB invoice reconciliation for multiple carriers due to budget constraints or current workload.
Revenue:
Administering benefits can be costly and complicated at times, PIOPAC's EFT solution completely circumvents the need for any payroll administration of benefits. PIOPAC’s nominal fee for service covers up to three remittance files, and PIOPAC can manage many more for just a small incremental increase in service fees. Drastically cut expenses of managing employee benefits without all the workload and expenses often associated with them.
Roadblock: Company with a workforce in remote locations and fluctuating hours and commissions where their paychecks won’t consistently cover the premium each pay cycle.
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Seeking to maintain DOL Independent Contractor Employment Classification, expressed interest in offering access to Supplemental Benefits but not interested in facilitating payment of the premium via statement deduction (trucking).
Revenue:
Offering benefits via payroll and statement deductions can be sticky if state authorities deem that the organization is treating 1099 as employees. It is often thought a best practice to make coverages available to 1099 workers while not getting involved with the funding of the benefits. PIOPAC's EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: “Shared” employees with other firms (part-time employees with two or more employers such as nurses, livery drivers, restaurant workers).
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Multistate employer requests they have no responsibility for billing. They’ve grown by acquisition and now have multiple unions and payroll systems; they do not desire to offer payroll deduction.
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Employer offers a monthly defined contribution toward VB premium and they currently accept paper checks from employees for premium amounts beyond that threshold if they buy up or add family coverage. Employer is seeking a more streamlined billing option.
Revenue:
With PIOPAC's robust system, employers can subsidize benefits as much or as little as they want by defined contribution or by policy. PIOPAC can gather the bulk of premiums from the participants preferred checking or card, and then gather the subsidies from the employer. This removes the need for payroll deduction and still gives the employer the many advantages of offering benefits.
Roadblock: Organizations that will not or cannot manage payroll deductions.
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Organizations capable and willing to manage payroll deduction but not reliable to pay premiums in a timely manner.
Revenue:
Our EDD process allows employers to take advantage of offering benefits through payroll deduction, perhaps enabling tax savings of pre-taxed plans by pulling the funds from being wages while eliminating the need to reconcile and pay invoices.
PIOPAC’s EFT solution may also be a fit, since this completely circumvents the payroll system all-together.
Roadblock: Organizations which do not have payroll deduction decision making control as they are part of a parent company.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, organizations can offer benefits to their local employees at particular locations without involving their corporate headquarters payroll department.
Roadblock: Organizations which do not have payroll deduction decision making control as they are part of a parent company.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, organizations can offer benefits to their local employees at particular locations without involving their corporate headquarters payroll department.
Roadblock: Organizations with the burden of administering multiple insurance products through multiple carriers.
Revenue:
PIOPAC remits premiums to approximately 100 carriers and TPA's each and every month, paying multiple carriers each month is no challenge for PIOPAC's robust system. Organizations need only consider their needs and choose the appropriate service model that best overcome their specific challenges of administering benefits for their employees or members.
They can accommodate this by determining the best fit for their organization between, Employer Deduction Drafting (EDD), Direct Deposit Pay (DDP), and Electronic Funds Transfer (EFT).
Roadblock: The complications or extra workload of managing deductions and invoices for VB carriers, drives the organization to decline adding VB benefits to their employees or members.
Revenue:
When hearing an organization “wants nothing to do with billing,” think PIOPAC. Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Encounter an organization that doesn't have payroll deduction slots, or they ran out?
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Seeking to maintain DOL Independent Contractor Employment Classification, expressed interest in offering access to Supplemental Benefits but not interested in facilitating payment of the premium via statement deduction (trucking).
Revenue:
Offering benefits via payroll and statement deductions can be sticky if state authorities deem that the organization is treating 1099 as employees. It is often thought a best practice to make coverages available to 1099 workers while not getting involved with the funding of the benefits. PIOPAC's EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Seasonal workforce makes invoice reconciliation challenging due to gaps in employment (ski resorts, catering, hotels, call center, tourism, farms, delivery, retail).
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: “Shared” employees with other firms (part-time employees with two or more employers such as nurses, livery drivers, restaurant workers).
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Multistate employer requests they have no responsibility for billing. They’ve grown by acquisition and now have multiple unions and payroll systems; they do not desire to offer payroll deduction.
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Employer offers a monthly defined contribution toward VB premium and they currently accept paper checks from employees for premium amounts beyond that threshold if they buy up or add family coverage. Employer is seeking a more streamlined billing option.
Revenue:
With PIOPAC's robust system, employers can subsidize benefits as much or as little as they want by defined contribution or by policy. PIOPAC can gather the bulk of premiums from the participants preferred checking or card, and then gather the subsidies from the employer. This removes the need for payroll deduction and still gives the employer the many advantages of offering benefits.
Roadblock: Union Running VB through payroll deduction requires the time and expense of generating a Request for Proposal.
Revenue:
This is commonly a challenge in the Public Sector space. Our EFT solution completely circumvents the need for any payroll administration of benefits, often resulting in avoiding the need to perform an RFP process.
Roadblock: A Union/Labor Organization desires to provide VB but does not have access to payroll slot because of negotiations with employers.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: A union/Labor Organization is interested in offering VB as a new membership benefit and desires no employer involvement due to required contract negotiation to move forward.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: A multi-employer union with no access to payroll slots and every employer desires to offer benefits to attract membership.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: Unions merged and their in-house billing system can’t facilitate premium collection for the new increased membership base.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: Members throughout the US including Guam, and Puerto Rico require a standardized party to collect insurance premiums and non-insurance product fees.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: Organizations that will not or cannot manage payroll deductions.
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Encounter an organization that doesn't have payroll deduction slots, or they ran out?
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: Seeking to maintain DOL Independent Contractor Employment Classification, expressed interest in offering access to Supplemental Benefits but not interested in facilitating payment of the premium via statement deduction (trucking).
Revenue:
Offering benefits via payroll and statement deductions can be sticky if state authorities deem that the organization is treating 1099 as employees. It is often thought a best practice to make coverages available to 1099 workers while not getting involved with the funding of the benefits. PIOPAC's EFT solution completely circumvents the need for any payroll administration of benefits.
Roadblock: “Shared” employees with other firms (part-time employees with two or more employers such as nurses, livery drivers, restaurant workers).
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Multistate employer requests they have no responsibility for billing. They’ve grown by acquisition and now have multiple unions and payroll systems; they do not desire to offer payroll deduction.
Revenue:
Since our EFT solution completely circumvents payroll, employees can enjoy the advantages of offering benefits such as employee loyalty, increased employee engagement, and more without the administrative workload involved with managing deductions for flex and seasonal workers.
Roadblock: Members throughout the US including Guam, and Puerto Rico require a standardized party to collect insurance premiums and non-insurance product fees.
Revenue:
Since our EFT solution completely circumvents the need for any payroll administration of benefits, unions can attract membership with benefit offerings and bypass the need to involve their employer's payroll systems.
Roadblock: Organizations that will not or cannot manage payroll deductions.
Revenue:
Our EFT solution completely circumvents the need for any payroll administration of benefits.