For Insurance Brokers
BnD Payments eliminates insurance invoice reconciliation for your clients — at zero cost to the employer. You quote the premium with our fee built in. The employee pays it. Nobody writes an extra check.
Call (862) 205-5204The call you never want to get
You know the one. An employee lost coverage because reconciliation fell through the cracks — and somehow it becomes your problem.
"I don't understand — I thought this was all handled. Why did my employee's policy lapse? I'm calling you because you sold me this plan."
BnD Payments exists to make sure that call never happens. We reconcile every invoice against every payment, every month. If there's a discrepancy, we catch it and resolve it before it becomes a cancellation. Your clients never have to think about it. And neither do you.
How the money flows
The model is simple — and there is zero additional cost to the employer.
The voluntary insurance policy is priced with our service fee built in. The fee varies based on the employer's payroll frequency — weekly, biweekly, or semi-monthly.
Each employee adds BnD's account to their direct deposit. Their premium arrives at BnD automatically every pay period — no action required from the employer.
BnD reconciles all payments received against the carrier invoice and remits payment to the insurance company on time, every month.
The employer never touches the money. No invoices to process, no payments to chase, no reconciliation to manage. Ever.
Our commitment to your clients
When you refer a client to BnD Payments, here is exactly what we commit to.
Your client is up and running quickly. We handle the setup process and confirm completion to you directly.
We catch every discrepancy before it becomes a cancellation. Your clients stay covered, month after month.
We notify you when your referred client is fully set up. After that, no news is good news — and we keep it that way.
We are licensed, bonded, and insured as a TPA. Your clients' financial information is handled with full professional accountability.
Employees update direct deposit once. Employers provide a monthly report. After that, we handle everything.
The fee is built into the employee's premium. The employer never receives an extra invoice or pays anything additional.
How the referral works
Getting a client set up with BnD takes less than five minutes of your time.
When you price the policy, simply add our small per-employee service fee to the premium. The fee varies slightly based on the employer's payroll frequency — weekly, biweekly, or semi-monthly. Nothing else changes in how you sell.
After placing the policy, refer your client to BnD Payments. We reach out within 24 hours, explain the setup process, and get everything moving. The employer provides a simple monthly report — that's their only ongoing involvement.
Each employee adds BnD Payments' account information to their direct deposit. Their premium is automatically sent to us each pay period. No checks, no manual payments, no chasing anyone down.
We match every payment received against the invoice from the insurance carrier, resolve any discrepancies, and remit payment on time — every month. You receive confirmation when your client is fully onboarded.
No lapsed policies. No reconciliation headaches. No frustrated employer calling you about a coverage problem. You placed the policy and it just works.
Here's language you can use right in the meeting, the moment after you close the policy:
Zero cost objection. Zero administrative burden objection. The employer has no reason to say no — and you've just made your policy sale significantly stickier.
Frequently asked questions
Everything brokers want to know before referring their first client.
Employees add BnD's account information to their direct deposit, and their insurance premium is automatically sent to us each pay period. We reconcile all payments received against the invoice from the insurance carrier and ensure timely payment. The employer provides a monthly report — that's their only ongoing involvement.
Nothing. Our service fee is built into the premium the employee pays. The employer never receives an additional invoice or pays anything beyond the standard policy costs.
Our fee is a small per-employee monthly amount that varies based on the employer's payroll frequency. Weekly payroll requires more reconciliation work than biweekly or semi-monthly, so the fee reflects that. We'll give you the exact figure for each client's situation before you quote.
We work with all major voluntary benefit products including short-term and long-term disability, critical illness, life and legal insurance, dental and vision, and long-term care insurance.
Minimal. The employer provides a monthly payroll report. Employees set up their direct deposit once. After that, BnD handles everything — reconciliation, discrepancy resolution, and timely payment to the carrier.
Yes. BnD Payments is a licensed, bonded, and insured Third Party Administrator (TPA). We handle all financial information with full professional accountability and industry-standard security practices.
We identify and resolve discrepancies before they become payment issues. That's the core of what we do — catching mismatches between what was collected and what the carrier invoiced, so policies never lapse due to reconciliation errors.
Yes. We work across multiple carriers and can manage reconciliation for companies that have voluntary benefits with more than one insurance provider.
Fill out this form and we'll be in touch within one business day to walk you through the partnership and answer any questions.