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Sometimes larger employers wish to fund employee benefits
for short term disabilities as they occur, rather than buying a traditional
insurance plan. However, removing the insurer from the picture means
the employer becomes responsible for all of the specialized functions
involved in administering an STD plan. That may be more than the employer
wants to take on. An Administrative Services Only plan from Anthem Life
can give employers the best of both worlds. It features three segments
that are as follows.
. Why use an ASO Plan
. Standard ASO services
. ASO options
Why use an ASO plan?
With an ASO plan, the employer funds the claim payments but pays Anthem
Life to process the claims. This relieves the employer, of the responsibility
for deciding which claims qualify for payment under the benefit plan
and which ones does not .Having Anthem Life make the payment determinations
gives the employer full access to our experience and resources, ensures
the privacy of employee health information, and protects the employer
and employees by providing a totally objective claim evaluation process.
Standard ASO services
Under a standard ASO arrangement, Anthem Life examines and evaluates
claims, prepares biweekly benefit payments, and sends the payments to
the employer for distribution. We do required withholding for income
taxes and for the employee's portion of Social Security and Medicare
taxes. Then we provide detailed monthly and annual paid claim reports,
to keep the employer fully informed.
Administrative Services Only (ASO) Plans
Sometimes larger employers wish to fund employee benefits
for short term disabilities as they occur, rather than buying a traditional
insurance plan. However, removing the insurer from the picture means
the employer becomes responsible for all of the specialized functions
involved in administering an STD plan. That may be more than the employer
wants to take on. An Administrative Services Only plan from Anthem Life
can give employers the best of both worlds. It features three segments
that are as follows.
. Why use an ASO Plan
. Standard ASO services
. ASO options
Why use an ASO plan?
With an ASO plan, the employer funds the claim payments but pays Anthem
Life to process the claims. This relieves the employer, of the responsibility
for deciding which claims qualify for payment under the benefit plan
and which ones does not.
Having Anthem Life make the payment determinations
gives the employer full access to our experience and resources, ensures
the privacy of employee health information, and protects the employer
and employees by providing a totally objective claim evaluation process.
Standard ASO services
Under a standard ASO arrangement, Anthem Life examines and
evaluates claims, prepares biweekly benefit payments, and sends the
payments to the employer for distribution. We do required withholding
for income taxes and for the employee's portion of Social Security and
Medicare taxes. Then we provide detailed monthly and annual paid claim
reports, to keep the employer fully informed.
ASO options
ASO Life can customize the services to meet the special needs,
which are as follows.
. Coordinate claim activity and reporting for multiple
employer locations.
. Pay benefits weekly or mail benefit checks directly to the employees
or send the employer a payment advisory instead of a benefit check so
the employer can make payments through their payroll system.
. Prepare benefit plan description materials for the employees.
. Perform tax withholding beyond what is required, or produce W-2's
and W-2 data filings.
Our flexible ASO services allow each employer define the ideal balance
of control and protection. The employer gains the desired cash flow
advantages. Anthem Life provides professional claim evaluation and does
as much (or as little) of the benefit administration as the employer
chooses.
ASO Life can customize the services to meet the special
needs, which are as follows.
. Coordinate claim activity and reporting for multiple
employer locations.
. Pay benefits weekly or mail benefit checks directly to the employees
or send the employer a payment advisory instead of a benefit check so
the employer can make payments through their payroll system.
. Prepare benefit plan description materials for the employees.
. Perform tax withholding beyond what is required, or produce W-2's
and W-2 data filings.
Our flexible ASO services allow each employer define
the ideal balance of control and protection. The employer gains the
desired cash flow advantages. Anthem Life provides professional claim
evaluation and does as much (or as little) of the benefit administration
as the employer chooses.
Anthem
Blue Cross California | Anthem
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