Premium Remittance Schedules

PIOPAC has been helping simplify or eliminate the need for payroll deduction to fund employee & member benefits since 1990. The PIOPAC system helps simplify benefits, weather up-front billed, or arrears billed, or even a hybrid of both, administering premiums can get complicated for payroll staff. New employees, outgoing employees, which invoices do employees join or come off of? The PIOPAC system simplifies this process. PIOPAC’s system is also capable of keeping these drafts and remittance straight according to which policies are due and when, and for which polices and relative effective dates, even when multiple effective dates or remittance schedules are used for the same organization’s benefits.

This gets exponentially more complicated when organizations offer plans that are split between coverages that bill in arrears, and coverages that bill up front.

Simplify your clients role in offering benefits by utilizing PIOPAC today. See how the PIOPAC system can be used to simplify draft schedules and premium remittance.

The below illustration shows how cases can be set up, to accommodate arrears billed offerings, pre-funded offerings, or even hybrid schedule offerings while prioritizing consistency of effective dates, or simplicity with static draft amounts.