Online Training 2015 - Understanding the Top 5 Group Employee Benefit Trends for 2015. - By Compliance Global Inc

Overview:
This webinar will discuss the top five group benefit trends for 2015, most of which are inter-related and not mutually exclusive. The top 5 group benefit trends in 2015 are defined contribution health plans, private exchanges, consumer-driven health plans, voluntary benefits and self-funding. As employers continue to strategize how to deal with health care reform facts, one approach gaining in popularity is defined contribution health plans, which often use private exchanges, in which employees often choose consumer-driven health plans, which create greater needs for voluntary benefits. Self-funding of health plans can take place in a defined contribution environment or can be an alternative to private exchange, which are often fully insured. In many ways these current trends are not new and have been around for many years, often under other names. For example, defined contribution health plans are similar in concept to flexible benefit plans, also known as cafeteria plans. Similarly, single-carrier private exchanges have been around for many years, they just did not have a name.
Why Should You Attend:
The environment related to group benefit plans is constantly changing. Attendees will benefit from this webinar by gaining a greater understanding of the top trends in employee benefits, why they are popular, how they can be used and the situations where they may or may not fit an employer's strategy. It is not unusual for a CEO or other high ranking official in a company to read an article about one of these trends and come to human resources or finance and demand to know why no one told him about this alternative. Therefore, personnel with responsibility for group benefits need to stay current on the latest developments. At a minimum, you need to be able to respond intelligently when the CEO wants to know more about a particular trend. If your CEO wants to know about one of these topics, you need to know what it is that he or she is talking about. Saying “I don’t know, I will look into it” just makes you look stupid. Better yet, you should be the one taking proactive steps to make sure management knows about what is going on in the field of group benefits and why you do or do not think a particular hot topic is right for your organization.
Areas Covered in the Session:
This webinar will begin by introducing the attendees to the concept of defined contribution health plans and comparing and contrasting them to flexible benefit plans (also known as cafeteria plans) that were a hot trend in the 1980s. This webinar will describe the choices that are available within defined contribution health plans, including health maintenance organizations, exclusive provider organizations, preferred provider organizations, high deductible health plans and high deductible health plans paired with either a health reimbursement arrangement or a best health savings account. The webinar will also discuss the SHOP for small employers. The webinar will describe the importance of educating employees who are asked to participate in a defined contribution. The webinar will also discuss the latest guidance related to employer payments for individual private health insurance policies for both active employees and retirees. Defined contribution health plans work well with private exchanges, which will be introduced next. There are two basic structures for private exchanges: single-carrier exchanges and multi-carrier exchanges, both of which will be described and discussed. Consumer-driven health plans can fit within both defined contribution health plans and private exchanges. This webinar will described high deductible health plans, health reimbursement arrangements, health savings accounts and flexible spending accounts for unreimbursed health care. Consumer-driven health plans often create a need or desire for ways to fill the gap in coverage created by high deductible health plans, which creates demand for voluntary benefits, particularly accident plans, critical illness plans and hospital indemnity plans. This webinar will also discuss other voluntary benefit plans. This webinar will conclude with a discussion of self-funding, including the advantages, disadvantages and what is new. Self-funding is not new; however, health care reform imposes a new health insurance tax on fully insured plans, making self-funding more attractive than ever. Furthermore, self-funded plans are exempt from a number of the requirements under health care reform.
Learning Objectives:
? To understand defined contribution health plans
? To understand private exchanges
? To understand consumer-driven health plans
? To understand voluntary benefits
? To understand self-funding
Who Will Benefit:
Any employer that sponsors a group benefits and any vendor that acts on behalf of health plans. Some of these titles include:
? Vice Presidents of Human Resources
? Directors of Compensation and Benefits
? Benefit Managers
? Benefit Specialists
? Insurance Agents
? Insurance Brokers
? Employee Benefits Consultants
? Group Insurance Representatives
Level:
Intermediate
For more detail please click on this below link:
https://www.complianceglobal.us/product/700107
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