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 Personalized,
self funded Group Health ASO Solution for Your
Business.
Benefit
solution
via 21st Century Internet Based enrollment, administration
and claims processing technologies in support
of companies self funded ASO (Administrative Services)
Group Health, Dental, Extended Health care benefit
services for their employees.
Companies
who are can most likely benefit from these services
include:
- A
small business owner wanting health plans for
your employees, particularly in current tight
labor markets.
- Group
health benefits coordinator for a company who
is tired of unused or rising insurance premiums.
- Companies
wishing to top up their current benefit plans
for employee groups with a Health Spending Account
(HSA).
- A
sole proprietor wanting to supplement a spousal
health insurance plan with a cost-effective
medical plan that offers tax advantages?
What
is an ASO (Administrative Services) Group Insurance
Solution?
A
typical Group Benefit program can be looked at
in two parts. First is an insured component to
cover catastrophic events such as life insurance,
long term disability, critical illness and similar
programs. The second part, most valued by employees
is expense coverage for every day health benefit
needs such as prescription drugs, dental care
and related extended health coverage such as vision
care, hearing and a host of alternative personal
health services.
Many
benefit plans are lumped together with all benefits
structured by the plan design negotiated and insured
by an insurance carrier. In such programs owners
and employees coverage is largely dictated by
the insurer and plans administered by the insurer
against premiums designed to cover the expected
claims cost, catastrophic possibilities, considerable
administrative costs, and a premium for reserves.
While the benefits of this are clear for catastrophic
events (insured product) the cost of benefits
for the largely predictable “health benefit” categories
is often seen as very high. Coupled with limited
flexibility in design of plan coverage for smaller
companies this often leads to an unsettling proposition
for emerging enterprises and their owners.
Under
an ASO program for “health benefit” coverages
employers do not pay a non-refundable premium
for coverage but rather pay only for the benefits
that they use. Coverages can follow recommended
formats or be personalized for the employees or
groups within the company. In short this then
allows for a lower benefit cost, lower administrative
costs and a tax effective way to provide owner
and employee group benefits.
Comprehensive
affordable health coverage is within your reach
With an eNet ASO Benefit plan, you can create
the type of plan you wish setting the types of
Health Services you wish to cover and respective
limits for each employee, or use one of our four
standard plans. Support is available to help you
design a custom health and dental plan that will
take care of your best interests, while providing
tax benefits to your company.
You
may be surprised by the wide range of services
our prescription drug, dental, vision care and
medical plans allow you to cover, especially when
some of these are typically not supported by traditional
insurance.
Your
best insurance company may not be an insurance
company at all
If you've ever been frustrated by the expensive
premiums and numerous restrictions of insured
benefit plans you will welcome an opportunity
to determine your own Health benefits program
and pay for only those benefits which are used,
while controlling the information on your plan(s)
through secure 21st Century Internet based technology.
To add to your comfort, abnormal health costs
in any one period can be protected through an
informed choice of Stop Loss Insurance with complementary
catastrophic, insured product added through your
broker as you deem appropriate.
Health
Spending Accounts: “HSA helps keep priorities
straight!”
With an HSA, companies can provide their employees
with exceptional health, dental, medical, vision,
and prescription drug coverage with just one plan.
You can also introduced employee and family assistance
programs. Within an HSA expenses for any of the
allowable benefit types are charged against an
account set up for the employee and their dependents.
The
plan does not penalize employees for an overspend
in one benefit category i.e. dental while having
available benefit funds for other benefit categories
but rather helps managers and employees effectively
manage their benefit cost for the maximum benefit.
Depending
on the volume of medical billings and claims your
company makes, any portion of your unused funds
could be refunded back to you at the end of the
year, or carried over to the following year..
No-hassle
claims
Under an eNETEmployer benefits program claims
are paid quickly and efficiently either through
electronic claims processing from your Benefits
Health Card, or via an efficient reimbursement
process. Instead of rising premiums, eNETEmployer
implements a low fixed administration fee that's
only charged when a claim is processed. We use
only the most advanced medical claims software
and process medical claims daily, guaranteeing
prompt reimbursement for your medical expenses.
Better
health plans impact your bottom line
eNETEmployer recognizes that the physical
and mental well being of every member of your
team positively impacts their value to your organization.
With better plans, everybody wins.
Discuss
the tax benefits with your accountant, then contact eNet
Employer for further information or a free assessment.
Take the frustration out of medical claims processing
while you take control of your benefits spending.
eNet
Benefit solutions are offered in conjunction with
our Alliance partner Quikcard Solutions Inc.
Contact
Us Today...You'll be glad you did!
Phone:
1.877.942.9316
Email: gcaughlin@enetemployer.com
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