ASO plans

Tag Archives: ASO plans

Budgeted ASO Group Benefits Plan for your Entrepreneurial Company

The benefits Trust, employee benefits, health care, healthcare

Posted on April 17th, 2012 by Mike Ignatz

A question many business owners asks is: Compared to traditional group benefits insurance, is a Budgeted Administrative Services Only Plan (ASO Plan) the most effective method to fund my group benefits? To answer this question, we must understand the two components to every benefits plan: 1. Insurance Insurance will protect (…) [Read Full Article]

Posted in Benefits Costs, Employee Benefits

Tags:administrative services only, ASO plans, budgeted aso

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The Cost Advantages of Budgeted ASO for Small Employers

Posted on September 30th, 2011 by Mike Ignatz

Historically, self-funded or administrative services only (ASO) contracts for group benefits have been the domain of “big business”. But smaller employers are demanding greater transparency and flexibility from benefits providers. Budgeted ASO plans are increasingly popular in response to these demands. The key pricing factors to consider when comparing benefits (…) [Read Full Article]

Posted in Benefits Costs, Employee Benefits, Third Party Administration

Tags:ASO plans, employee benefits, health care, human resources

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Eligible Expenses Include:

Paramedical Practitioners: such as Physiotherapy & Massage Therapy.

Vision Care including Laser Eye Surgery, Contact Lenses, Glasses & Examinations.

Medical Facilities including Convalescent Homes & Substance Abuse Facilities.

Medical Devices such as Orthotics, Hearing Aids & CPAP machines.

Nursing Care to help you recuperate in the comfort of your own home.

Expenses Related to Disabilities including special programs tuition, tutoring and home or vehicle modifications.

Dental Services Orthodontic & Major Services including Dental Implants.

Out of Country Expenses for non-emergency expenses while travelling.

Prescription Drugs excluding only over-the-counter medication.

PHSP Premiums including any employee-paid premiums for health care or dental care benefits.

Private Hospital Room

Our Administration Fee is All Inclusive

Claims submission by mobile claims app, online claims portal, email, fax, and mail.

Daily claims adjudication and payment.Claims will be processed within 1-3 business days, 99% of claims are processed in-house within 24 hours.

Claims payments by direct deposit or cheque.

Employee and administrator inquiries handled by our client service specialists through telephone, fax and email interaction.A member of the Benefits Trust client service team will answer your call, you will not have to navigate a system to find a human being to speak with.

Maintenance of accurate employee benefit records, including Life Insurance beneficiaries.

Monthly billing statements (by division and by department as required), identifying benefits costs for each employee in each division.

Account changes and billing adjustments carried out by The Benefits Trust.

Formal benefits plan documentation to satisfy all legislative requirements concerning private health services plans prepared by The Benefits Trust contract specialists.

Complete Administration Manual which clearly outlines procedures and provides forms for notification of employee status changes.

Online administration for enrollments, changes, and terminations.

Monthly financial status reporting, including the current month, year to date, and prior year to date for on-going monitoring and trend analysis.

Employee information meetings at implementation, and regularly as needed.

Employee communication materials such as benefits brochures and booklets, announcement memos.

Wallet certificate cards provide each member with their contract number and individual certificate number, coordinated with electronic dental.

Facilitating insurance claims with the various carriers.

Tag Archives: ASO plans

Budgeted ASO Group Benefits Plan for your Entrepreneurial Company

The Cost Advantages of Budgeted ASO for Small Employers

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Eligible Expenses Include:

Our Administration Fee is All Inclusive

Tag Archives: ASO plans

Budgeted ASO Group Benefits Plan for your Entrepreneurial Company

The Cost Advantages of Budgeted ASO for Small Employers

Stay Connected!

Recent Posts

Categories

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Eligible Expenses Include:

Our Administration Fee is All Inclusive