Services

Insurance

Managing insurance payments across diverse plans, carriers, and participants is complex — but your payment process doesn’t have to be. iStream’s Insurance Services help insurance administrators, third-party vendors, employers, and HR partners efficiently collect, manage, and disburse insurance premium funds through secure, bank-agnostic digital solutions.

Solutions

ICHRA Premium Reimbursement Solution (PRS)

Streamlined Reimbursements for Employer-Sponsored Healthcare

iStream’s ICHRA Premium Reimbursement Solution (PRS) simplifies the process of reimbursing employees for their individual health plan premiums. Designed to integrate with existing ICHRA providers, this service handles disbursements with accuracy, timeliness, and compliance in mind, all while keeping employers and participants informed.

✅ Automates reimbursement disbursements from employer to employee
✅ Integrates with ICHRA administrators via API or secure batch processing
✅ Supports compliance with IRS and DOL regulations
✅ Offers full transparency and reconciliation reporting

💡 How It Works:

1. Employers Sponsor an ICHRA plan.
2. Administrators approve reimbursement requests.
3. iStream processes ACH reimbursements to employees and provides real-time visibility.

Insurance Premium Aggregation (IPA)

Consolidated Premium Collection for Multi-Carrier Plans

iStream’s IPA solution simplifies the collection and aggregation of premium payments across carriers and plan types. Designed for insurance administrators, IPA automates incoming funds from employers and employees and disburses them to appropriate carriers — complete with detailed reporting and reconciliation.

✅ Collect employee and employer premium shares
✅ Aggregate funds across multiple carriers or plan types
✅ Automate disbursements with full reconciliation
✅ Eliminate manual spreadsheets and outdated transfer methods

📘 Featured Resource:
Unlocking Efficiency and Reliability: The Value of Insurance Premium Aggregation