Is an Administrative Services Only Plan Right for Your Firm?

If you’ve ever braved the world of insurance quotes, you’ve probably run across the term Administrative Services Only (ASO) plans. Maybe you’ve heard about ASOs, but never knew what it entailed and if it was appropriate for your small business or organization. Under an ASO arrangement, an employer self-insures the benefits it pays out, but uses an outside company to deal with claims processing and paying providers. Simply put, an employer pays an insurance company or Third Party Administrator (TPA) to process claims based on a fee per person enrolled…

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What consumers can expect from Medigap coverage

According to senior Medicare adviser from PlanPrescriber, Steve Zaleznick, consumers with original Medicare have been watching their insurance premiums steadily climb, and it is recommended that these individuals carefully consider their Medigap supplemental coverage in order to make sure that adequate protection under a less expensive plan. According to the director of benefits access policy of the Washington D.C.-based nonprofit advocacy organization, National Council on Aging, Hilary Sohmer Dalin, Medigap plans are designed to function with the original Medicare plan, and “Medigap wraps itself around Medicare and covers some or…

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