COCO Payment Services

COCO Payment Services (CPS) delivers the first ever fully integrated premium payment processing solution for professional administrators and employers. CPS has accumulated more than 10 years of experience in processing thousands of highly time-sensitive premium payments totaling millions of dollars monthly.

Better Than Your Bank's Lockbox

With COCO Payment Services, your organization can have the benefits of a sophisticated lockbox services. CPS is a highly affordable, scalable, and secure method for processing large volumes (21,000 items per hour) of premium payments. Strict adherence is maintained to premium payment deadlines, grace periods, and postmark dates.

A Fully Integrated Solution

All payments are procssed and uploaded into your COBRApoint account for grace period adjudication and validation. Premium payments are verified against your actual COBRApoint data and are rejected if the payment is not determined to be timely.

Full Array of Payment Options

COCO Payment Services offers your enrolled participants a full suite of payment options. Through COBRApoint's secure Member Portal, participants can utilize both credit cards and bank transfers to submit their monthly payments.

Security

Systems for COBRApoint and COCO Payment Services are located in a $70 million data center. The facility is HIPAA, PCI, and FBI SANS compliant, and SAS 70 Type II reviewed.

Posting of Participant Payments

COCO Payment Services posts all valid payments to the participant's account, empowering your organization with the most accurate view of member eligiblity and paid-through status.

Comprehensive Web-based Reporting

COBRApoint's standard reporting package includes detailed financial management and eligibility status reports for your organization.

Remittance of Monies

At regular and predictable intervals, COCO Payment Services will electronically tranfer monies collected.