Billing Services
We understand the administrative frustrations associated with the insurance payment process. FBS offers true integrated billing and monthly reconciliation for each of our clients. Our proprietary reconciliation software offers our clients full flexibility to provide payroll and benefits staff with multiple billing options, including electronic reconciliation, ACH, wire transfers and consolidated check remittance.
Integration
FBS provides a full suite of billing services through our online enrollment system. With this single-source platform, FBS creates a streamlined billing process to help improve payroll efficiencies, as well as reduce HR/Payroll costs. We equip employers with the tools to make payroll management easy.Monthly Billing
FBS delivers a monthly billing report through our secure FTP site containing all enrolled employer and employee premiums. FBS will also reconcile client monthly payroll to identify premium discrepancies to ensure that all payroll amounts are accurate and fully balanced.Common Remitter
The FBS billing team will remit all payments to insurance carriers. Your dedicated billing coordinator will identify payment discrepancies and contact necessary partners to assist in resolving any payment and/or policy issues.Retirement Plan Administration
A retirement plan is an essential part of future financial security. We deliver a comprehensive retirement platform along with unmatched compliance, remittance, and customer support services. Our mission is to educate your employees through out financial literacy program and provide employees a clear path to retirement.
- 401(k)
- 403(b)
- 457
- FICA Alternative
Section 125
Flexible benefit plans provide significant tax savings for employees and employers. Through our partnerships, FBS has provided quality administration on plans including:
- Health Savings Accounts (HSA’s)
- Flexible Spending Accounts (FSA’s)
- Health Reimbursement Arrangements (HRA’s)
Our team environment combines years of experience with technological innovation; providing plan administration through a single-source solution that is efficient and accurate.
COBRA Administration
FBS understands the stress of daily benefit administration caused by employee turnover. Our services are combined with partners who have extensive experience in COBRA administration and share our mission to offer The Total Benefit Solution. We work to provide clients with the most up-to-date information and documentation, staying abreast with regulations and guidelines.
Enrollment Management
FBS helps manage the entire enrollment process, both during open enrollment and ongoing. We coordinate each step, from planning and implementation to set-up and enrollment, reducing the time and resources our clients have to devote. Through our multi-faceted approach FBS Simplifies the delivery and communication of benefit information which in turn facilitates a successful enrollment.
