Retiree Billing Solution for Retirement Plan Administrators
With a market-leading Retiree Billing solution and our commitment to outstanding customer support, DataPath is blazing a trail through the benefits administration industry.
As a TPA, you’re trying to remain competitive, stay on top of regulatory changes, and attract and maintain revenue streams. You need a versatile solution billing solution with ease-of-use features (such as active-to-retiree auto enrollment) and the ability to adapt to a wide variety of specifications. Overcome these challenges and chart a course to greater success for you and your clients with DataPath Retiree Billing solution.
Our Retiree Billing solution simplifies billing administration with easy data importing, integrated cash management, an intuitive interface, and fulfillment services, among other features. Retirement plan administration has never been easier.
DataPath Billing Solutions address important concerns such as these:
“Billing plan setup can be complex, and enrollment takes a lot of time.”
DataPath has simplified the the billing plan creation process by providing users with setup wizards and the ability to easily import census, benefit, qualifying event, and payment data. Our Retiree Billing solution automatically enrolls employees whose status changes from active to retired. Employee and group census data may also be imported from other DataPath solutions.
“My clients have unique billing needs, which require specific plans and tier structures for each one.”
Our Premium Billing solutions allow you to create unlimited plan designs and tier structures, with customizable eligibility, payment grace, and election periods. There are also unlimited options for subsidy and severance packages, and our solutions also accommodate all loss of coverage rules.
“Cash management is overwhelming with so many incoming and outgoing payments.”
DataPath’s integrated cash management enables you to track all payments received and remitted, create checks, and issue refunds to participants. You can even process payments by credit card, auto-draft, and checking or savings accounts through our online portal.
“I have to be able to bill to and record payments from third parties.”
Our simple, straightforward “third-party payer” feature allows an entity other than the named policyholder to be invoiced for premiums. Specify the third-party billing entity during account setup, or create as needed per benefit billed. Receipts can be identified in the system by the actual payer, allowing any subsequent refunds to be made to the payer rather than the policyholder.
- Perform status changes from one screen
- Utilize easy undo function to reverse rate changes, qualifying events, elections and terminations
- Simplify batch processing of letters and reports
State-of-the-Art Fulfillment Services
- Generate documents and notices automatically per event timeline
- Store documents digitally and on the web
- Print original documents on demand
- Receive proof of mailing
Accessible Web Portal
- Access your account, 24/7
- Make online elections
- Communicate, report, and interface with employers and employees
- Automate compliance
- Choose from multiple delivery options, including web posting with email notification
- Submit CSV or Excel file formats
Billing Solutions Brochures February 1, 2017
|Billing Solutions (pdf)|
|COBRA and State Continuation (pdf)|
|Direct and Customized Billing (pdf)|
|Retiree Billing (pdf)|
Billing Solutions Videos December 1, 2016
DataPath Premium Billing addresses all aspects of billing administration for groups and individuals, including COBRA Administration, Retiree Billing, Direct Billing and non-COBRA State Continuation.