Based on a partnership between AP Intego and your payroll provider, pay as you go billing links your payroll information directly with our pay as you go process and automatically remits payment to your insurance company. Unlike traditional billing, where your premium is based on an estimated annual payroll, pay as you go systematically calculates your premium using your actual payroll data, every pay cycle.
Here's how it works:
- Your payroll company sends us a copy of your recent payroll.
- Based on the types of wages and amounts paid for each employee/wage type, the insurance you owe is calculated.
- Each pay period, the premium you owe - typically a variable amount based on the actual amount of payroll paid - is withdrawn from your bank account and sent to your insurance company.