ASO Plans for Businesses
Manage your employee benefits costs with flexible and efficient ASO plans designed for your business.
We Have ASO Plans For Businesses Like Yours
Are you looking for better control over your employee benefit plan costs?
HFG offers Administrative Services Only (ASO) plans, an innovative solution that allows your business to manage predictable claims while protecting against catastrophic healthcare costs with Stop Loss coverage. This is typically for companies with 50 or more employees.
What is an ASO Plan?
An ASO plan allows employers to assume financial risk for employee benefits instead of paying a fixed premium to an insurance company. With an ASO plan, you pay only when claims occur, making it cost-effective for businesses with stable claims. To protect against large, unexpected claims, Stop Loss coverage safeguards the financial integrity of your plan by covering expenses over a specified limit.
Why Choose an ASO Plan?
ASO plans offer significant advantages for managing benefit plan costs:
- Cost Control: Influence your benefit costs directly.
- Plan Flexibility: Adjust co-insurance, deductibles, or benefits to fit your needs.
- Improved Cash Flow: Retain funds until claims are made, unlike traditional plans.
Which Benefits Are Best for ASO?
ASO plans are particularly effective for benefits like Health and Dental, where claims are frequent but typically smaller in size. These benefits have predictable claiming patterns, making them ideal for ASO plans.
Make an Informed Decision
Explore how HFG can help you control costs and maximize the value of your employee benefits program with an ASO plan perfect for your business.
