What does ASO mean? Read on to discover the definition & meaning of the term ASO - to help you better understand the language used in insurance policies.
Administrative Services Only (ASO) is a program set up by employers for the benefit of their employees where the former finances a benefit plan, such as health coverage or retirement benefits, of the latter. The employer pays for the claims rather than relying on a third party, such as an insurance company.
We hope the you have a better understanding of the meaning of ASO.