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 participants, perform remittances, and generate events and notifications for elected coverages using the COBRA, Retiree, and Direct Bill interfaces. Users can edit Premium Billing settings from the Settings menu. To access Premium Billing settings: Premium Billing … Read More >>
The Denial Codes & Comments section of Premium Billing allows users to add, view, and edit denial codes used when an individual is denied coverage. * Required fields appear in Red To access Denial Codes & Comments: Denial Codes In this section, users can add, edit, and delete denial codes. The Codes table (Fig. 3) lists … Read More >>
Summit allows users to customize and create notifications (letters and emails) to meet both TPA and Employer communication needs. This section covers Summit’s Premium Billing communication features, which support sending letters and email notifications between the TPA, Employers, Carriers, and Participants. To access Premium Billing Notifications & Communications: The Notifications & Communications page will display … Read More >>
Premium Auto Draft Settings allows TPAs to draft premium payments from the checking accounts of participants who have opted in for auto‑drafted payments. Schedules are used to generate or post Premium Auto Drafts in batches. Participants with default banking information who opt in to premium auto‑drafting will have their premium payments drafted for each billing … Read More >>
Summit allows users to configure premium billing plan default settings on this page. Users can set rate expiration alerts and view, modify, and create Employer Templates from this screen. To access Premium Billing Default Settings: Premium Billing Default Settings The Premium Billing Default Settings page is divided into two subsections. They are Rate Expiration Alert … 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 add and select a new remittance bank account. * Required fields appear in Red To access Remittance Settings | Banking/Checking, Banking/Checking The Banking/Checking tab is selected by default and contains three sections: General Operating Account The General Operating Account section of the … Read More >>
Schedules are arrangements that define when certain processes must be carried out, including a list of events and times. Users 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 … Read More >>