Our goal is to make the retiree tracking and billing for coverage as simple as possible for our clients. We can either perform just the full service billing of the individuals who have to submit checks, or we can provide the optional service of tracking and coordinating with your pension plan administrator, the employee contributions and remittance from the administrator. We would also be happy to report changes to either the clients HR Department or their insurance Carriers.
On a monthly basis, Sax Benefits Group will mail each retiree an invoice showing exactly what amount is due. Retirees will make their checks payable to Sax Benefits Group. SBG will collect all of the checks, and on a monthly basis, send a single check to you the client for the retiree payments. SBG also has the ability to automatically withdraw the monthly payment from the retiree's bank account through electronic funds transfer (ACH)
Sax Benefits Group offers the following retiree billing administration services:
