Question

What is the difference between ASO and fully insured?

This interesting question is from a s o insurance

The question was asked by my school principal while I was bunking the class.

Other related questions to my question are:

What is the difference between ASO and TPA?

What does Aso mean in insurance?

What is the difference between Aso and ASC?

What is self-insured vs fully insured?

Answer 1

Right answer is: In ASO arrangements, the insurance company provides little to no insurance protection, which is in contrast to a fully insured plan sold to the employer. As such, an ASO plan is a type of self-insured or self-funded plan. The employer takes full responsibility for claims made to the plan.

The title of my answer can be Administrative Services Only (ASO) Definition

The reference of my answer is Investopedia