Invoice billing is the process of generating invoices every month for premium collection. Vee Technologies helps our clients generate monthly invoices to collect monthly premiums from each employer group. Our premium invoice billing solution streamlines invoice processing, allowing your organization to reduce costs, gain greater control over accounts payable, and save valuable time.
Our ground-breaking solutions include:
- Making enrollment changes (the addition of members to an employer group or changes to that group)
- Adjusting the premium amount of each employee based on changes in plan enrollment
- Billing calculations (generating individual invoices for an employer group based on the starting or ending date of employment, premium rates based on coverage selection, TPA administration fees, and brokers’ commissions)