Health Care Benefits
Self Insured or ASO Contracts
Administrative Services Only (ASO) contracts are an alternative arrangement for your healthcare, prescription drugs, dental, visioncare and weekly indemnity benefits, where you cover the cost of your actual claims plus the negotiated administrative fee. It makes sense to self-fund these benefits as they are somewhat predictable in nature.
Most companies, small or large, can save money by using Third Party Administration to self-fund insurance or ASO Contracts
Flexible Spending Accounts
Health care flexible spending accounts are employer-established benefit plans that reimburse employees for specified medical expenses as they are incurred. These accounts are allowed under section 125 of the Internal Revenue Code and are also referred to as "cafeteria plans" or "125 plans."
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