Smartbill seamlessly integrates with Smartflex to manage your benefit package. Smartbill collects the premiums, audits the insurance carrier bills, and pays the premiums for the employees – a truly "hands-off" benefit administration package for the employer.
As your fiduciary partner, Smartbill shares responsibility for administering the Smartflex plan. As the employer, your role is to keep new hires and plan terminations compliant with ERISA guidelines. Smartbill is responsible for all monetary requirements, including fixing carrier errors, auditing billing against payroll deductions, etc.
The Smartbill fee per month is based on the number of employees enrolled in Smartflex: 1-50 employees is $10 per month per employee; 51-100 employees is $7.50 per employee per month; and 100+ employees enrolled is $5 per employee per month.
Using Smartbill reduces the amount of man-hours an employer invests in managing a benefit program and gives the employer a partner as fiduciary under the Smartflex plan.