Alternative Risk Management, headquartered in Arlington Heights, Ill., is a third-party administrator of employee benefit plans. Established in 1992, the company has been working with employers and brokers to design, implement, and administer self-funded benefit plans. It provides design and administrative services for medical, dental and vision plans, flexible spending accounts, group life, and group long-term and short-term disability plans. Alternative Risk Management adheres to Health Insurance Portability and Accountability Act of 1996 and Consolidated Omnibus Budget Reconciliation Act of 1985. Additionally, the company provides benefit administration and management services to businesses. Alternative Risk Management has a branch office in Portland, Ore.
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