Payroll deductions are a common way for employers to bill health plan participants for insurance premiums. This method works well, but not all participants can be billed through payroll. And collecting premium payments outside of payroll is often difficult, time consuming, and stressful for employers and employees alike.
Direct Bill from HSA Bank is the solution. It’s a simple, convenient way to collect premium payments from those who aren’t on your payroll. It’s commonly used for billing retirees, employees on leave, part-time employees, and voluntary benefits, but it can be used for nearly anything that you need to bill outside of payroll. And with HSA Bank handling the administration, your company can enjoy more time for your other business needs.
