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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