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Understanding Your Health Plan Renewal

Ensure your understanding of various pieces of the health plan renewal calculations.

Regardless of whether your company's medical insurance is built on a fully insured or self-funded chassis (or any of the hybrid options in between), the reality is that costs continue to rise and those of us in charge of negotiating these for our companies don't always know what all goes into these increases we're being assessed. This presentation will help the people responsible for this at their organizations to understand more about how renewal rating is generated. The live webinar explains various piece of insurance nuance that goes into how the premium increases are calculated. Failing to have a proper understanding of how the risks are calculated can leave employers in the dark as to whether the premiums being levied are fair or potentially able to be lowered. This lack of understanding can cost employers thousands of dollars. This workshop is critical for employers so they can ensure their understanding of various pieces of the renewal calculation.

64 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is the Medical Trend

  • How Is It Calculated
  • What Has It Been Historically
  • Other Factors That Go Into the Trend

Fully Insured Considerations

  • What Is Capitation
  • What Does It Mean to Be a Pooled Group
  • Other Fully Insured Considerations

Self-Funded Options

  • Aso Plans
  • Unbundled Plans and Point Solutions
  • Other Self-Insured Considerations

Other Claims-Based Options

  • MERP Arrangements
  • Level Funded Plans
  • Other Hybrid Options Available

Other Renewal Factors

  • Contract Nuances
  • Non-Medical or Ancillary Insurance Plans
  • Additional Renewal Considerations
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 7, 2024.

Call 1-866-352-9540 for further credit information.

  • ASA 1.0
     
  • This program qualifies for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
     
  • HR Certification Institute 1.0
     
  • This E-Learning program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tobias Kennedy

Tobias Kennedy

Montage Insurance Solutions

  • President of Montage Insurance Solutions and CEO of Simpolicy
  • Industry leader in group employee benefits programs and designing insurance packages for organizations
  • Conducts regular seminars and workshops on numerous insurance and compliance topics
  • Wrote several publications related to the areas of health insurance
  • Licensed in employee benefits and fire and casualty, ACA certified
  • Underwriting training from Blue Shield of California
  • B.A. degree in political science, Loyola Marymount University
  • Can be contacted at [email protected] or 818-903-5851
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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  • Live Webinars
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  • White Papers and Articles

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  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410085
Published 2024
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