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Essay on How Insurance Works

This is a free example essay on Insurance:
In August of 2003 I took a position with AdminOne Corporation located in Bentonville, Arkansas as a Financial Services/Systems assistant. AdminOne is a privately owned and operated Third Party Administration that provides all of its clients virtually all their benefit needs. We work directly with employers representing a wide variety of industries to provide a comprehensive assortment of services with hassle-free Customer Service.

For organizations determining that the high cost of health care requires alternate methods of funding, plan design, and plan management, AdminOne can provide many different functions. Some of these functions include: preparing all communication material, assisting in the implementation of the plan, recommending cost containment procedures and plan document changes, analyzing existing plan benefits and funding methods. Additionally, AdminOne also provides a wide variety of other products and services at the client’s demand, such as life insurance, long term disability, short-term disability, 401K plans, etc.

As like many organizations, AdminOne feels that our customers deserve the highest quality of service and administration of their benefit plans. In keeping this our main focus, we have acquired the highest quality, technologically advanced claims adjudication system available on the market.

AdminOne use the RIMS (Resource Information Management System, Inc.) system. RIMS began their business in 1981 and are still the dominant leader in claims adjudication systems. There are over 400 insurance companies across the United States that use the RIMS system, however, they haven’t seen the advantage of AdminOne.

Dec 20, 2010
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