Insurance premium charges are the premiums from our insurance carrier partners, charged as per your company’s insurance plan design.
Each month, we receive an invoice from the insurance carrier partner for your specific benefit plan. We gather these billing details for your insured products, along with your League spending account usage (if applicable) and subscription charges, and consolidate all charges into a single League invoice for you.
Insurance premiums are managed and set by the insurance carrier, so please note that any updates or adjustments to these premiums by the insurance carrier (on the invoice we receive from them) will be directly reflected in your League invoice. If you have any questions regarding unexpected changes to your insurance premiums, feel free to reach out to email@example.com.
Insurance premiums are billed historically, which means you will be charged for the insurance premiums of your employees for the current billing period.
Example: Your invoice generated April 2, with Billing Period = March 1 - March 31, will contain insurance premiums for the March 1 - March 31 billing period.
You can expect insurance premium charges to appear starting from your first monthly invoice.