How to Begin
Once you're enrolled, scroll down to the bottom of the page to the Course Content section and click on the Lessons below to begin.
Learning Objectives
- Understanding the basics of self-funding and how it differs from fully insured health plans
- Understanding the risk of a self-funded health plan and how to mitigate such risk with excess loss contracts
- Understanding how self-funded health plans can result in significant savings
- Understanding the positives and negatives of such a program
- Understanding the role of the third party administrator and excess loss carriers
- Providing helpful information to help make a self-funded program successful, including written communication, and the role of the HR Department in education and implementation
This course introduces the attendee to the concept of self-funding in health plans, comparing it to fully insured plans and other funding options, and provides a comprehensive look into plan design, risks, mitigation of those risks, and how to implement an effective self-funded plan. Is self-funding right for your clients? This course will help you decide. Length: 67 minutes. This class is HRCI approved.
The Program ID number will be provided upon completion of the class. This class is certified for 1 hour of HR (General) credit.