Advantages of OMBAS

Traditional OMBAS
Common administration fee
for Small Business
Premiums can range from 25% – 35%. 12% administration fee on claims submitted.
Coverage Limits are often imposed on health and dental benefits. eg. $200 for vision care. Eligible expense are paid at 100% up to the total dollar amount available in annual health care spending account. Learn More
Actual claims > estimates Premiums and reserves for the current year may be adjusted by prior year’s highest submitted claims Employees are capped at the annual health care spending account. No effect on administration fees.
Actual claims < estimates Usually, no reduction in premiums. Employer only pays for what is claimed.
Flexibility Often pre-packaged. Minimum 1 employee required, total flexibility.