This page outlines the best practices for: ACH and Credit/Debit Card Management and Remittance The flexibility of Summit Premium Billing allows participants to make ACH and credit/debit cards via the Participant Portal and mobile app. The following are suggested best practices for managing ACH and card payment remittances and communications. Remit to Entity – Remit … Read More >>
Summit Premium Billing was developed to allow participants to elect coverage for all benefit plan types. Summit can bill the participant, do remittances, and generate events and notifications for the elected coverages, using the COBRA, Retiree, and Direct Bill interface. The user can edit the settings of the Premium Billing from the Settings menu. To … Read More >>
The Denial Codes & Comments section of Premium Billing allows the user to add, view, and edit the denial codes used for when an individual is denied coverage. * Required fields appear in Red To access Denial Codes and Comments: Go to Settings. Click Premium Billing. Select Denial Codes & Comments. The Denial Codes & Comments … Read More >>
Summit users can customize and create notifications (letters and emails) to meet TPA and Employer needs. This section covers Premium Billing communication flexibility and features in Summit, which allows communications between the TPA, Employers, Carriers, and participants via letters and email. To access Premium Billing Notifications & Communications: The “Notifications & Communications” page will display (Fig. 2). … Read More >>
Premium Auto Draft Settings allows TPAs to draft premium payments from the checking accounts of participants that have opted in for auto-drafted payments. Schedules are used to generate or post Premium Auto Drafts in batches. Participants with default banking information that opt-in for premium payment auto-drafting will have their premium payment auto-drafted for each billing … Read More >>
Summit allows the user to set up premium billing plan default settings on this page. Users can set rate expiration alerts, as well as view, modify, and create Employer templates here. To access Premium Billing Default Settings, Premium Billing Default Settings The Premium Billing Default Settings page is divided into two subsections. They are Rate … Read More >>
Summit allows a user to enter bank account information at the TPA and employer levels. The account identifies the bank account payments that have been remitted from a TPA’s bank account to a coverage payee. Summit is able to notify the TPA that a remittance schedule has been run and is ready to download. To … Read More >>
The Banking/Checking tab allows the user to select an existing remittance bank account or to add and select a remittance bank account. The Banking/Checking is the default selected tab, containing 3 sections: General Operating Account, Default Remittance Account, and Carrier Remittance Options. * Required fields appear in Red To access Remittance Settings | Banking/Checking, Banking/Checking The … Read More >>
Schedules are arrangements by which certain processes must be carried out with a list of events and times. A user can add, edit, and view created Remittance Schedules in the Schedule tab of the Premium Billing Remittance Settings page. * Required fields appear in Red To access Premium Billing Remittance Schedules, The Premium Billing Remittance Settings … Read More >>