Report Analysis and Virtual Computing #39

Consistent with C-surance’s mission to achieve the maximum results with minimum effort, the next five reports will show you the wide range of information now available on a simple request.

C-surance will enable you to generate the various desired reports. Each one can be personalized according to each built-in option stored in your analysis project.

You will get a detailed billing report for each insurance member taking into account the rate and the proposed limited benefits selected through your insurer options.

A rapid review of this report will make you realize the multitude of information it contains. For example, benefits limits are available for each individual. Also, next to certain benefit there are small asterisks available to indicate that providing the proper insurability billing; one can have access to extended benefit amount.

The invoice summary will provide you with the total accrued amounts and the number of lives involved for each proposed benefit.

For each of the previously submitted invoices, C-surance will enable you to get an optimized employer/employee contribution report for each member.

Now, for each of the selected RFP’s, and supported by the process achieved through the what it calculation module, you can obtain an employer/employee contribution report which has been optimized according to the information contained in each of them.

This synopsis has strong fiscal values. It contains the total amount being invoiced, the employer/employees’ contribution, the federal and provincial taxable benefits and those that than can be deductible.

A more thorough analysis of the results will show that different classes do not have the same tax treatment. In fact, when he had to manage the employer/employees' contribution, the operator was able to provide different processes for different classes in accordance with the company’s needs.

Specific processes will be given for disability files as per business regulation previously established and inserted into the C-surance. This last page shows a synopsis of the various calculations with regard to the employer/employees’ contribution.

When we want to combine the billing results with the fiscal ones, it is then possible to produce an individual file for each employee.

It is also possible to generate a detailed report for each member, or each option of the selected RFP’s.

The individual report being presented to each member includes the file’s overall relevant information. The member will be able to identify all elements of its file along with benefits, premiums, coverage and employer/employee’s contribution. If necessary, the employer could ask the member to bring any desired adjustment before the contract has been implemented.