A very important piece of the health exchange puzzle will be Payment Management. There is expected to be a large volume of sensitive financial and personal data that will pass through the exchanges. It is imperative that this be a secure and flexible process.

WebInsure Billing & Payment solution enables states to manage all payment related information to and from the exchange. It allows management and aggregation of premium and subsidy payments, late payments and broker commissions and more.

Salient Features:

• Bill to individuals/households, employer, employees, Federal agencies, Navigators/brokers and carriers
• Allow individuals to pay via credit card, bank transfer, or payroll deduction
• Collect payment contribution from employers
• Collect subsidy portion from state and federal programs
• Collect payments from Health Reimbursement Accounts (HRAs) or Health Savings Accounts (HSAs)
• Collect broker commissions and exchange fees from carriers
• Aggregate payments from different entities
• Fund transfer and reconciliation from different entities
• Notifications to entities about payments, non-payments, terminations