The Benefits of ASO Services
Self-funded healthcare, or Administrative Services Only (ASO) plans, occur whenever an employer chooses to cover the healthcare needs of their team, up to a set deductible amount. There are some key benefits of choosing ASO over other opportunities.
Customization for Your Staff
How do you keep your staff satisfied, and keep their position competitive against your competition? One way is by offering the kind of customizable healthcare benefits that ASO services enable you to do. While employees can choose for themselves the kind of care to receive, you can get great discounts on the cost of covering your employees whenever they’re covered as a group. Traditional health services give you a rigid plan to follow, instead of accommodating individual needs. From the coverage to the coinsurance limits, you can choose the right ASO plan to provide the ideal coverage for your team.
Cheaper for All
These cheaper prices for insurance translate into cost savings for you and your employees. ASOs run cheaper than more traditional health insurance policies and, as a result, everyone wins. Part of this savings comes out of lower administration fees and nixing insurance company profit margins. It also gives you more control over the deductible limits and how much will or won’t come out of the company pocket.
Whenever your team saves money on insurance and gets the kind of health coverage that’s right for them, they’re bound to be that much happier with their leadership, their company, and their position. You’re in the business of not just being a great company, but maintaining a great reputation as an employer that gives you a competitive edge.
Choose the right ASO administrative services organization and watch your workplace morale and your bottom line flourish. It’s a good idea to contact a local ASO provider to learn more about their specific programs, benefits and costs, and how they can best strategize to help you and your team.