January 30, 2020
ASO Why Not Now?
Administration Services Only What is it?
Simply another method of setting up and utilizing your benefit plan.
Uses normal insurance carriers for the risk issues.
Administration costs are substantially less than traditional due to efficiencies.
Reimbursement of expenses are quick and efficient.
Pay direct cards etc, etc.
Why should a company use this type of plan?
Better control of costs.
Ease of administration, no more cumbersome renewals.
Monthly useage costs and expenses included with each billing.
Eliminate unexpected financial surprises.
The large corporations have been doing this for years. Technology along with service providers now make it available starting with groups of two.
Give the Benefit Guys a call today and find out how you can benefit with ASO. Don't wait for your renewal, we can do it right now. Let's talk. We specialize in small groups.
OHIP and Travel Insurance Update : OHIP announced that as of Jan. 1, 2020 they were no longer reimbursing for out of province expenses. People have wondered how it affects them. Basically, it doesn't affect people directly. Over the last 5 years the average reimbursement on out of province claims paid by OHIP was only $137 per claim, over 88,000 claims per year. People should always have travel insurance with their benefits or individually.
"No matter how many employees you have - it's perfect. And it starts with one!"
Our Best Practices Annual Review is available for download. You need to reduce your benefits liability exposure. The content in this document will help you.
Get your preliminary questions answered immediately.