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What is the difference between Aso and ASC?

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What is the difference between Aso and ASC?

Origin of the question is a s o insurance subject matter

I got this question by my college professor while I was bunking the class.

Other related questions to my question are:

What is the difference between ASO and fully insured?

What is the difference between ASO and TPA?

What is an ASO health insurance plan?

What is a Cigna ASO plan?

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The correct answer by me is: Administrative Services Contract (ASC) – ASC is a contract that differs from ASO only in that, with ASC, claims are paid from a bank account owned by the insurer and the insurer needs to seek reimbursement from the plan sponsor to cover the claim payments.

The title of my answer is Large Group Medical Insurance Reserves, Liabilities and

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