Read the article written by PYMNTS.com here
Leasing, real estate, credit cards and many other expenses are done on a monthly basis in terms of payments, but workers’ compensation has been quite different.
Workers’ comp has historically been a market in which either the entire payment or a big portion of it was made upfront.
With today’s technology, integrations and ability to share data, though, there’s an alternative: pay as you go. With this process, it’s paid coincident with payroll.
“I look at it as practically everything else is in a monthly period in terms of payments, so why isn’t this one?” Michael Carus, chief operating officer and chief financial officer at InsurePay, told PYMNTS.