WebCOBRA On Demand makes COBRA Premium-payment administration simple.
- Track premium payments through a professional accounting-based system in the payment ledger, to maintain an account balance throughout the entire COBRA coverage period.
- Enter payments on a per-QB basis, or enter multiple payments using the Batch Payment Wizard process.
- QB accounting statements accompany premium disbursements.
- Supervisor-level users can track the payments entered by their staff using the History or User Tracking features.
- Batch Payments and Individual Payment Entry screens (with QB search capability) are available from the Administrator home page.
- Multiple payment types, including check, credit card, EFT, and money order, are available.
- User can customize what constitutes a deficient payment and how to handle such payments.
- An easy-to-use Wizard process provides the amount owed to the Sponsor/Carrier or Client/Employer.
- A customizable Check Template is available.
- An accounting statement accompanies each check and displays the premiums being paid to the recipient.
- Instantly print checks for disbursement to the Sponsor/Carrier or Client/Employer.
- Payment Ledger includes a professional accounting-based system that displays all payments and payment information, including remaining balance amounts owed and/or to be credited.
- User Tracking shows payment entries, payment voiding, and other associated payment functions.
- Standard accounting reports are available, including a Premium Subsidy Listing Report, Premium Receipt Report, and Premium Reconciliation Report.
- System automatically prompts deficient payment confirmation.
- Returned check alternatives, including option to immediately terminate QB.
- Administrator-level override for User-level payment entry options.
Payment Entry
Premium Disbursements
Accounting