Are you receiving checks from ASRS for Health Insurance Premium Benefits or Excess Benefits? Did you know you can receive payments five to ten days faster and more securely by taking advantage of direct deposit?
Employers are strongly encouraged to begin this process by completing the Employer/Vendor ACH Direct Deposit form and returning it via secure message (This form is available in your secure employer myASRS account on the Forms & Packets page.)
Once completed and processed by ASRS, the form will allow ASRS to send the monthly Premium Benefit subsidy and/or Excess Benefits payments electronically to the bank you designate. ASRS believes this method will be faster, more secure, and allow for better tracking of these payments.
ASRS highly encourages employers to take advantage of the electronic deposit method as soon as possible, as this process will be mandatory in the very near future per A.R.S. § 38-716.
Written by William Roberts, Employer Relations
Published May 2023
