Since insurers are extremely limited in how they can collect insurance premiums, Plata Pay’s ICHRA premium payments platform has been invaluable for us. Now we have certainty that each employee’s premiums are paid because we control the funding of the accounts, while the carriers control the collection of those premiums.
Plus, we get reporting that verifies all the accounts we fund or paid up and that the collections have been made. Then we just repeat the process each month.