The Reconciliation Report helps employers compare expected premium amounts with actual premium payments for employees enrolled in AutoPay.
What is a Reconciliation Report?
A Reconciliation Report is used to review and reconcile AutoPay premium activity.
The report compares:
Expected premium amounts
Actual premium payments
Employee deductions
Reimbursement amounts
What information is included in the report?
The report may include:
Business unit name
Employee name
Reimbursement period
Allowance amount
Expected premium
Actual premium paid
Pre-tax deductions
Post-tax deductions
Reimbursement amounts
When do pre-tax deductions appear?
Pre-tax deductions may appear when:
The employee uses AutoPay.
The premium exceeds the employee's allowance.
The plan qualifies for off-exchange treatment.
When do post-tax deductions appear?
Post-tax deductions may appear when:
The employee uses AutoPay.
The premium exceeds the employee's allowance.
The plan is only available through the Marketplace.
Who should use this report?
The Reconciliation Report is intended for:
Payroll administrators
Finance teams
Benefits administrators
The report applies only to AutoPay participants.
Key takeaway
The Reconciliation Report helps employers reconcile expected and actual premium payments for employees using AutoPay.