Fully Funded vs. Self-Funded Health Benefits: Which Option Is Best for Your Organization?

Training Provided by Lorman Education Services Meet the challenges ahead - discover which funding option is best for your health benefits plan. Join us for this innovative seminar and get up to speed on the components of an effective benefit strategy. Understand the intricacies of HRAs, FSAs and HSAs. Get a handle on the risks and potential rewards of self-funding your health plans. Avoid problems down the road by protecting yourself and your company - find out exactly what the critical issues are and how to best handle them. You'll gain the practical insight you need to deal with any challenges that come your way, including ERISA and pre-emption issues. Enhance your benefit plans and protect your company's bottom line by registering today! Benefits for You - Learn how to use different accounts to meet different benefit needs - including HRAs, FSAs and HSAs - Discover the advantages and disadvantages of self-funding - and learn how to avoid common pitfalls - Tips on building an effective benefit strategy for your organization - Need-to-know information on benchmarking and strategy development of benefit programs - Find out how ERISA applies to your employee benefit plans

Fully Funded vs. Self-Funded Health Benefits: Which Option Is Best for Your Organization? Agenda

8:00 am - 8:30 am Registration

8:30 am - 9:00 am Health Reimbursement Arrangements

- Steven J. Jackson, CBC, CFCI

- The History of Section 105 and HRA

- Claim Adjudication Process

- Technology Is Changing

- Plan Design Options

9:00 am - 9:40 am Flexible Spending Accounts

- Steven J. Jackson, CBC, CFCI

- The History of Section 125 and FSA

- Plan Rules and Regulations Final (After 30 Years)

- Every Employer Should Offer FSA - Here's Why

9:40 am - 10:30 am Health Savings Accounts

- Steven J. Jackson, CBC, CFCI

- The Requirements of Section 223

- How Do I Qualify?

- Potential Areas of Concern

10:30 am - 10:40 am Break

10:40 am - 11:45 am The Basics of Fully Insured vs. Self-Funded

- Joy Binkley

- The Advantages and Disadvantages of Self-Funding

- Unbundling the Parts

- Is Self-Funding the Right Approach for Your Business?

- Self-Funding Pitfalls to Avoid

11:45 am - 12:45 pm Lunch (On Your Own)

12:45 pm - 2:00 pm Building an Employee Benefit Strategy

- Frank "Skip" Woody III

- Strategic Plan Fundamentals

- How to Create a Written Plan

- Corporate Direction vs. Benefit Strategy

- Perspectives Used in Developing a Benefit Strategy

- Components of a Benefit Strategy

2:00 pm - 3:00 pm COBRA

- Rob Krieg

- When Should COBRA Be Offered?

- Who Is a Qualified Beneficiary?

- What Constitutes a Qualifying Event?

- How Long Does COBRA Coverage Last?

3:00 pm - 3:10 pm Break

3:10 pm - 4:15 pm ERISA: Claims for Benefits and Litigation

- Robert C. Paschal

- ERISA Overview

- Plans Subject to ERISA

- Fiduciaries and Plan Features

- Liability for Breach of Fiduciary Duties

- E&O Coverage for Fiduciaries

- Limitation of Actions

- Civil Enforcement: Claim for Benefits

- COBRA Continuation

- Portability of Coverage

4:15 pm - 4:30 pm Questions and Answers

- Joy Binkley, Steven J. Jackson, CBC, CFCI,

Rob Krieg, Robert C. Paschal and

Frank "Skip" Woody III

About The Training Provider: Lorman Education Services

More Benefits Training from Lorman Education Services

• 401(k) Plan Costs Including Recent Update on Supreme Court Rule LaRue v. DeWolff, Boberg & Associates Inc.
• Benchmarking your Health Benefit Program: How Do You Stack Up?
• Controlling Health Care Costs With Self-Funded Plan Options
• Health Insurance Boot Camp
• Internal ERISA Audits: Getting It Right Before the Government Shows Up
• Return on Investment for Wellness Programs
• Same-Gender Marriage Rulings: Impacts on Employee Benefit Plans Across the Nation
• Smoking Discrimination in the Workplace: On and Off the Clock
• The New HIPAA Special Enrollment Rules and Related Disclosure Issues
• Understanding the COBRA Alternative Coverage Rules
• Why Is This Guy Still on My Health Plan?