Offering custom solutions for insurance carriers, employers, and agents
Rectangle Health benefits carriers, employers, and agents by collecting premiums from payers through credit card payments. We can help your policyholders protect their valuable coverage with automated payments. People depend on their health insurance coverage. During times of illness or stress, it can sometimes be a challenge for people to remember to pay monthly insurance premiums. However, on-time premium payments are essential to ensure there are no lapses in coverage when your members need it most.
Rectangle Health’s premium payment processing solution:
- Encourages members to make timely payments to keep their policies valid
- Assists organizations in receiving payments to keep member accounts current
- Customizes to the unique needs of insurance carriers, private employers, and individual agents
- Allows for optimized premium payment options that include frequency of payment, account type, and notification preferences
Improve timely premium collection and increase policyholder satisfaction
Not only does our system improve collections and drastically reduce the chances of lapsing coverage, but it also raises policyholder satisfaction with best-in-class customer support. Expiration reminder emails are sent to members when credit card information needs to be updated. And, we make every effort to collect payment. Our system will run a declined credit card on file up to three times; if unsuccessful, we will immediately let the member know there is a problem with payment that may affect their coverage. Plus, our dedicated support team is available 24/7 to answer questions and help your policyholders make payments.