Stop Overpaying Your Premiums

ARLINGTON HEIGHTS, Ill., Sept. 21 /PRNewswire/ -- Companies who offer their employees a range of benefits—health, dental, vision or retirement plans—face the challenge of reconciling multiple premium bills from multiple vendors. Rules and formats are disparate and complex, with premiums varying by job category, tenure and employee within the company.

How do you make sure you're not being overcharged?

The award winning My Premium Accountant™ (MPA) from Benefit Express automatically finds premium errors without manual intervention—it's easy and it delivers 100% return on investment in just the first few months of use.

As a module within the enrollment tool My Benefit Express™, My Premium Accountant™ matches actual enrollment and coverages on-screen with the vendors' paper bills. The module calculates who should be on the bill, who should not, and how much the premium should be.

"Many clients have come to us specifically for this innovative, accurate and easy to use tool," said Monica Hinchey, Chief Client Services Officer for Benefit Express. It's customizable so anyone can run the views and reports, either company personnel or Benefit Express staff.

"We've found that companies typically face an error rate of 6 percent or more on the invoices they receive," said Hinchey. "My Premium Accountant can bring that down to 1 or 2 percent while tracking credits that should be counted on the next bill. And in terms of time and staffing, a company could save four to five man-days per month just by using MPA."

If covered employees are missing from the bill, the module classifies them as pending for inclusion on the next bill and determines whether the company owes a retroactive premium. This automated premium module can also include line items that are not premium-related, such as service charges and other add-ons.

For more information about how My Premium Accountant can benefit your company, contact Maria Bradley at (877) 837-5017 or mbradley@mybenefitexpress.com.

About Benefit Express

At Benefit Express, our focus is on flexible administration solutions. Our self-service platform - My Benefit Express ™ - delivers tools which help you efficiently manage HR & Benefits Administration. With My Benefit Express ™ clients have direct access to: customized content delivery, enrollment assistance, employee benefit education tools, transactional administrative processing/tracking, carrier billing reconciliation, vendor data-links and detailed HR reporting. Our solutions provide the flexibility for you to choose how, where and by whom work gets done. For more, visit www.benefitExpress.info. 

SOURCE Benefit Express