Developed by experts in the market space, this three-hour course instruction will ensure that students understand the key technical components of self-funding and are better prepared to counsel their clients on the various benefits of elimination of most premium tax, lowering cost of administration, claims/administration and customer service for employees.
Historically, employers have turned to the self-funding of their health plans when traditional insurance programs failed to meet their cost expectations. The many thousands of employers in the U.S. who have implemented self-insured medical programs later discovered the other advantages such as coverage flexibility and client-specific benefit plan administration. Self-funding is one of the most effective ways employers can control the rising costs of healthcare coverage. In understanding self-funding as a concept and how it differs from fully insured products, this course will help provide in detail how it all works and proven methods for communicating this option to employers and employees in a compelling way.
- Self-funding – What Is It and Why Is It Growing In Popularity?
- ERISA and Self-funding
- Comparison of Plan Funding Options
- Stop-loss Terms and Concepts
- Stop-loss Claims Submission and Payment
- Renewal Practices and Philosophy
- Plan Administration and the Future of Self-Funding
Date: Thursday, July 18, 2019
Time: Registration: 8:30 am, Class: 9:00 am to 12:00 pm
Location: Action Benefits office
26533 Evergreen Road
Southfield, MI 48076
Instructor: Susan Rider