Exchange Payments
Overview
The WebInsure Exchange Payments module allows the insured individual/employee, small business, federal agency or carrier to receive invoices and make payments. Our solution supports multiple payment modes like credit cards, account debit, paycheck deduction, payment through checks and direct billing and reconciliation of payments from all parties.Salient Features:
- Allow individuals to pay via credit card, bank transfer, or payroll deduction
- Collect payment contribution from employers
- Collect subsidies from state and federal programs
- Collect payments from Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs)
- Submit final payment to insurer upon approval
- Billing to individuals/households, employer, employees, Federal agencies, Navigators/brokers and carriers
- Aggregation of payment from different entities
- Notifications in the event of non-payment by any party
- Notifications to federal agency about any changes in enrollment that impact subsidy payments
White Paper
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