Electronic Funds Transfer (EFT) Drafting

Why EFT Drafting?

PIOPAC’s Electronic Funds Transfer (EFT) Drafting removes you from the billing process and payroll deductions.

If your workforce includes DOL Independent Contractors, workers in remote locations, or sales personnel with fluctuating commissions, you can provide them access to valuable benefits that your competitors may not be offering.

Our approach allows you to offer benefits, without providing payroll deductions. By circumventing payroll process, this reduces billing burdens of associated administrative costs and improves your overhead by eliminating the invoice reconciliation process altogether.

PIOPAC does all the collecting, aggregating, reconciling, and remitting those premiums.

EFT Drafting can route directly from:

• Checking & Savings accounts
• Debit & Credit Accounts
• Payday Cards

Advantages of EFT Drafting

Offer your members benefits without the need to access a payroll system. Never receive or reconcile an invoice, never hold funds, and never remit premiums.

Our “friction-less” payment solutions enable you to offer enhanced benefits without the traditional “billing burden” and employer engagement.

• No Need for Payroll Deduction Slot
• No Set-Up Fees for Employers, Unions, Associations, or agents
• No Subsidy Requirement

The Choice Is Yours

As plan sponsor, you choose the benefits, (which may include health programs, life disability, supplemental offerings and/or Minimum Essential Coverage (MEC) plan(s) to name a few) that best meet your member’s coverage needs. You also choose the enrollment method that best aligns with your engagement strategy (e.g. onsite enrollers, call center, and/or online platform). You provide marketing support and enrollment conditions where the members can become educated on the new benefit offerings and provide the environment for them to enroll in the protection they need.

Why Go With PIOPAC?

• We cut out the billing hassles that you don’t have time for.
• Our flexible approach includes all your preferred benefit carriers.
• We can also collect union and association dues and, when requested, additional monies for non-insured products.
• Through our Continous CoverageCare(™), we provide you with a US-based bilingual Customer Care team with TTY and LanguageLine Solutions® services for participants with billing inquiries. Text messages, emails, and outbound phone calls are included to proactively resolve any billing discrepancies and assist when a member goes on leave.
• If Section 125 presents a barrier to offering benefits for employees or members, our EFT Drafting approach eliminates the compliance requirements and record-keeping needs you would contend with.