Category Archives: ASO Benefit Plans
Why Have Normal Benefits When Times Aren’t Normal?
This past year our lives have undergone extraordinary change, thanks to the COVID-19 pandemic that has shaken the globe. As a result, the world of healthcare has changed drastically, with this global health crisis flooding emergency rooms and standard medical consultations taking place virtually rather than in-office. These changes have affected (…) [Read Full Article]
Beware the “COVID-19 Adjustment Factor” in Your Next Renewal
Last year, small businesses faced many challenges, including subsidizing big insurance companies during the start of the pandemic. Dental and paramedical service providers were shut down, except for emergency treatments. Though employees could not access these services, businesses were still expected to pay full premiums for benefits coverage. From March (…) [Read Full Article]
Posted in ASO Benefit Plans, Employee Benefits
Your Benefits Plan Has a Drug Problem
That’s right; your benefits plan has a drug problem. Specifically, there’s a storm brewing with expensive prescription drugs – and most employee benefits plans won’t be able to weather it without the right precautions in place. There’s no question about it, the cost impact of prescription drug plans is increasing (…) [Read Full Article]
Posted in ASO Benefit Plans, Benefits Costs, Employee Benefits
How Employers Can Change Their Benefits Plan without Re-Enrollment
Employers may want to make changes to their benefits plan for a variety of reasons. For example, they may be in search of more favourable pricing; in fact, a lot of advisors tell employers that they should “shop their benefits plan” every two to three years to attain the most (…) [Read Full Article]
Check Out Our “Primed for ASO” Article in Benefits Canada Magazine
The Benefits Trust has been published once again by the prestigious Benefits Canada Magazine! Written by our talented Senior Manager, Karen Taylor Smith, the article is entitled “Primed for ASO”. Benefits Canada is the leading benefits magazine in Canada, committed to keeping Canadians up to date with the latest ideas (…) [Read Full Article]
Posted in ASO Benefit Plans, Custom Plan Design, Employee Benefits
Media Exposure! Benefits Canada Magazine Article
Anyone interested in ASO plans may want to check out accounts manager Karen Taylor Smith’s article, “The Basics of ASO,” which was recently published by Canada’s leading benefits magazine, Benefits Canada. The article compares the fundamental differences between traditional group benefits plans and customized Administrative Services Only (ASO) plans managed (…) [Read Full Article]
Posted in ASO Benefit Plans, Benefits Costs, Custom Plan Design, Employee Benefits, Flexible Benefits, Third Party Administration
Posted in ASO Benefit Plans, Custom Plan Design, Employee Benefits, Flexible Benefits