OnDemand

Self-Funding Medical Plans-The Basics. Why? Why Now?

Original Program Date:January 12, 2012
Duration:1 hour

Description

The self funding of group health plans is certainly not a new concept for larger employer group. However, many smaller employers are seeking this funding method as result of healthcare reform. Third Party Administration OR Administrative Services Only? What stop loss should be considered; 12/12, 15/12, 12/15 and 15/18? Learn the difference between terminal liability and a hard run out contract. Join Beckie Wendorf, RN-BSN, MBA who will advance you through the new landscape of self funding and how this funding vehicle might meet the needs of your clients and their employees in the PPACA environment - differences, broker compensation, obligations and risk tolerance considerations.

Learning objectives:

Part 1:

Title: Self-Funding Medical Plans-The Basics. Why? Why Now?

Learner Objectives: Upon completion of this seminar, the learner will:

  • Understand how self-funded medical plans differ from fully-funded medical plans.
  • Understand the general basics of how self-funded medical plans operate.
  • Understand the different vendors/players involved in a self-funded medical plan.
  • Understand why self-funding is a viable financing option for medical plans.
  • Understand the basics of how PPACA has increased the role of self-funded medical plans.

Beckie Wendorf

Beckie Wendorf, RN-BSN, MBA graduated from the University of Wisconsin with a bachelor’s degree in nursing in 2003. She spent the first part of her career working as a forensic mental health nurse for the State of Wisconsin Department of Corrections/Department of Health. She then continued her work in the public sector as a Public Health Nurse for Sheboygan County, Wisconsin. Here she coordinated public health coalitions and disease investigations. In 2007, Beckie made the transition to the private sector at a third party administrator, Prairie States Enterprises, Inc. Her responsibilities included large case management and stop loss reporting. In 2009, Beckie completed her master’s in business with an emphasis in Healthcare Management from Brenau University in Gainsville, Georgia. She then transitioned to develop and implement the account management department at Prairie States Enterprises where she handled all aspects of account management, renewal sales, and group implementations. Beckie joined SLG Benefits in September 2011 as a Risk Management Coordinator.

Materials

DescriptionPagesFile Size
HelpNANA
PPTSlides.pdf6 Pages923 KB

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$45.00
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