Piecemeal insurance plan is costing Mississippi state employees

Health Insurance Mississippi

The method of coverage used for those workers has fragmented contracts that are more expensive. According to a recent report by The Clarion-Ledger in Mississippi, if all state employees were to receive supplemental coverage on their insurance plans, they would likely receive better benefits while paying less for them. At the moment, the contracts for insurance coverage are spread out among over 100 state agencies and school districts. At the moment, the state doesn’t require competitive bidding to occur for insurance plans, nor are proposals for the best price or…

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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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