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Administrative Solutions,
Inc. (ASI) is a third-party administrator, formed to administer health
plans that offer significant
cost savings to employers.
Not only have traditional health plan premiums been increasing - in some instances more than doubling the past several years - but in many cases benefits have been decreasing as well. And while traditional health plans are effective, they have many drawbacks. Most of the premiums paid in a traditional plan are used to cover routine office visits, prescriptions and other routine medical treatments. In essence, you're forced to pay for expenses that a large percentage of employees will never use. In fact, in an average group, only 20% will have annual medical costs over $2,000 per person, or $4,000 per family unit. And 60% will utilize less than one-half the amount that their insurer reserves for routine medical expenses. ASI can help you stop pre-paying for insurance that will never be used, which can significantly lower your overall costs.
ASI will create a medical reimbursement plan for your group. This lets you decrease your overall monthly premium costs and share the deductible amounts with all of your employees. You have many options available to you - you can choose a high deductible medical plan for your employees and design your own benefits; you can set up your plan to have employees pay for co-pays for office visits or a co-insurance percentage. Whatever type of plan works for you, we'll help you design and implement it! Plus, all plans enjoy
customized benefit design.
Why ASI? Because we understand your business. Instead of competing with brokers, we support them. In fact, our only focus is to administer plans that brokers sell. We'll set up and administer all necessary paperwork, claims processes and protocols. We'll enroll employees and ensure that the claims process is handled quickly and with minimal effort on the part of the company or employees. In fact, claims will be handled within 24 to 48 hours. And we'll provide the business owner with a continuous flow of information accessible on the Internet or by disseminating necessary paperwork if preferred. Sound good? It should! Because in addition to cost savings, you'll be saving time and effort as well, while we attend to all the details --- all for a small administrator fee per employee per month.
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