Understand the advantages and potential concerns that come with self-funding and whether it’s the right decision for your organization.
Healthcare costs are constantly on the rise, and the cost to employers and employees is only becoming more of a burden. Traditional insurance carriers often offset these increasing costs by raising copays and deductibles, and employers paying the premiums find themselves having to shift the increased costs to their employees. Through self-funding, however, employers can tailor the benefits offered to their employee populations, which can prove more cost-effective for both employers and employees.
Self-funding involves a more hands-on approach by involving buy-in from employers and employees alike to fully realize its advantages. As a small trade-off for the cost-savings and ability to customize benefits to an employer’s workforce, employers and their TPAs must address certain plan design and compliance considerations. This material will provide a framework for the self-funding industry by describing the various concerns of which employers must be aware with an eye toward maximizing benefits while minimizing costs.
Learning Objectives
- You will be able to define a self-funded health plan and what distinguishes it from a fully insured plan.
- You will be able to describe a number of the advantages and potential concerns that come with self-funding.
- You will be able to discuss key considerations relevant to designing a robust self-funded plan.
- You will be able to recognize and distinguish plan incentives vs. employer incentives and relevant considerations.
More Program Information
Why Lorman?
Over 34 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
| Overview of Self-Funded Plans | |
|
|
| Employer/Employee Cost Sharing in Self-Funded Plans | |
|
|
| Stop-Loss Insurance, Reinsurance and Other Options | |
|
|
| Designing Your Plan | |
|
|
| Cost Control Measures for a Self-Funded Plan | |
|
|
| Case Examples | |
|
|
More Program Information
Why Lorman?
Over 34 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 December 14, 2015.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Live Webinar Registration
HR Certification Institute 1.5
- This program has been approved for 1.5 (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 1.5
- 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 1.5 PDC(s) for the SHRM-CP or SHRM-SCP.
CPE 1.8 including Personnel/HR 1.8
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for human resource managers, benefits administrators, controllers, CFOs, presidents, vice presidents, business and office managers, and insurance professionals..
More Program Information
Why Lorman?
Over 34 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
Nicholas Bonds, Esq.
The Phia Group, LLC
- Health Benefits Plan Administration Attorney at The Phia Group, LLC
- Member of the Independent Consultation & Evaluation (ICE) team, working on consultation, plan document review, and regulatory compliance
- Regular contributor to Phia articles, blogs, podcasts, and webinars
- Member of the Massachusetts Bar Association
- J.D. degree, New England Law | Boston, with a certificate in intellectual property law; B.A. degree in history, with a minor in biology, McMurry University
- Can be contacted at [email protected]
Kelly E. Dempsey, Esq.
The Phia Group, LLC
- Vice President of Consulting at The Phia Group, LLC
- Concentrates in various aspects of self-funding, health care, and employee benefits, specializing in plan document drafting and review, as well as a myriad of compliance matters
- Frequent speaker for industry webinars and client conferences
- Written multiple industry publications and contributor to online media content
- Ohio State Bar Association member
- J.D. degree, Cleveland-Marshall College of Law; B.S. degree in both psychology and business, Muskingum University (formerly Muskingum College), graduating magna cum laude
- Can be contacted at [email protected]
More Program Information
Why Lorman?
Over 34 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.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
