Healthcare Insurance Partners

Healthcare Insurance Partners

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 is the convenient premium payment option that meets members’ needs for timely payment to keep their policies valid, and your need to receive payments to keep member accounts current. Our insurance premium payment processing solution can be utilized by insurance carriers, private employers and individual agents; all can set up 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.

Advantages for Your Organization

Rectangle Health posts payments to the system of record in real-time and provides detailed reporting of deposits and credits by settlement date.

  • Insurance carriers can collect payments directly from individual policyholders – facilitating participation in the Affordable Care Act (ACA) and other marketplace exchanges.

  • Employers can simplify payroll by eliminating premium deductions – enroll employees for member plans through agent enrollment or self-enrollment. When enrolling, employees can identify a second form of payment to help secure their coverage.

  • Agents benefit from a system that integrates with any enrollment engine – work with multiple insurance carriers simultaneously and offer a range of payment options from point-of-sale to entire system development. Rectangle Health can collect premiums and reconcile with insurers and their banks.

Advantages for Policyholders

Partner With Us Contact us today to learn how Rectangle Health can help your organization collect insurance premiums and payments.

Rectangle Health Guarantee

If you don’t see a dramatic reduction in accounts receivable balance after a few months of instituting our full program, we’ll take the entire system back at no charge to you.