Saving on Health Care Through Consortiums
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Source: Accounting Office Management & Administration Report Forming consortiums of firms to obtain better plans and reduce costs is an idea developed at law firms. But for these models to work, each member of the consortium needs to have at least 200 participants. So for smaller accounting firms this article may not be relevant. The benefits include, in addition to the above, freedom of firm administrators to concentrate on retention, training, scheduling, etc., rather than struggling with plan administrators on disputes over claims, etc. Participating firms have options from a menu of benefit choices. Each maintains its own eligibility and contribution requirements, and pays premiums based on its own claims experience. For more information, read the entire article, or contact William Stanton at the law firm of Palmer & Cay, From Accounting Office Management & Administration Report, October 2005, p. 1. For the complete article click here. For subscription information contact Institute of Management & Administration, Inc., 3 Park Avenue, 30th Floor, New York, NY 10016-5902. One-year subscription $329. |
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