Health Care and Insurance Plans—Financial Management Certification Course: B3A
Discover the Important Issues
This advanced level course is designed for participants seeking an opportunity to expand their understanding and practical knowledge of funding alternatives and asset management methods for all forms of employee health and welfare plans. It focuses on alternative funding techniques, as well as regulatory and taxation consequences.
Gain a historical overview of the health care system evolved through the decades
Discuss risk theory benefits financing schemes
Learn the details involved with the vendor procurement process
Gain an understanding of the tax and legal issues for health, welfare and fringe benefits plans
Discuss how to keep up-to-date with evolving health care strategy and performance measures
Examine post-employment benefits
Who Should Attend
This course is designed for seasoned benefits professionals seeking to expand their understanding and practical knowledge of funding alternatives and tax consequences to employers, employees and trusts. It is assumed that attendees are proficient with the content presented in WorldatWork courses B1 and B3.
What You Will Learn
Historical Overview of Health Care Delivery and Developing the Strategic Framework
Health plan management
Overview of historical and current environment
Developing the strategic framework
Risk Theory and Benefits Financing Schemes
Risk theory
Methods of handling risk
Benefits financing schemes
Insured approaches
Self-insurance
Selecting Benefits Delivery Vendors
Assessing the situation
Selecting a vendor
• Vendor identification
• Developing the request for proposal (RFP)
• Evaluating proposals
Negotiation and finalizing the contract
Letter of agreement
The contract
Transition to the new vendor
Managing the vendor
Tax and Legal Issues for Health, Welfare and Fringe Benefits Plans
Overview of major health plan and insurance tax code sections
Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.
Please note: If you are purchasing course materials for the purpose of self-study or a computer-based exam, it is recommended that you schedule your exam within 45 days of purchase to ensure the course materials and exam are current. These exams must be completed within one year of purchase. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder purchases are nonreturnable.
Many WorldatWork classroom locations are now offering e-binder technology to participants. For these courses, which include all public education options and several Local Network sponsored events and international events, your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. The WorldatWork classroom participants will now have the opportunity to access the course binder electronically for two-day courses, as an e-binder PDF. The e-binder will be accessible two weeks prior to the course start date or upon registration if you register within two weeks of the course.
To help you prepare for your course, please visit www.worldatwork.org/seminars to download course book amendments, view class rosters and to find out what to bring to your class.
For Virtual CourseCast and Virtual CourseCast On-Demand, registrants will receive a course binder no sooner than 5-7 days after registration. The CourseCast On-Demand will become available 1 week after the last course day and access will end 90 days from registration.
**Participants attending from the same computer. Limit three per computer connection. If registering more than one attendee, please contact Customer Relationship Services toll-free at 877/951-9191.
*Join now and receive the best value. This includes both a one-year WorldatWork membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.
Health and Welfare Plans — Strategic Planning and Design Certification Course: B3A
Discover the Important Issues
This course puts fundamental knowledge around health and welfare benefits into play by addressing advanced concepts around how to evaluate, select, design, cost, and fund health and welfare programs. Topics include strategic assessment, conducting a gap analysis, plan selection and design, costing benefits plans, funding arrangements, gaining management approval and implementation of the new and proposed benefits plan.
Evaluate how the overall organizational strategy, human resource strategy and total rewards strategies work together to guide benefits decisions.
Conduct a gap analysis to determine the current state of benefits offerings versus the desired state, while keeping a realistic view on potential barriers.
Analyze benefits selection and design considerations to determine if your current design is meeting the needs of your organization and decide whether these offerings are still an appropriate fit for your organization.
Examine costing considerations and estimate the costs of existing and proposed benefits plans.
Consider the different types of funding mechanisms and discuss which approach will work best for your organization.
Examine how to gain buy-in and support for the proposed plan by creating and presenting the business case for senior management.
Who Should Attend
This course is recommended for mid-level benefits practitioner or individuals who would like to broaden their total rewards perspective.
What You Will Learn
Strategic Assessment
Understand the different levels of strategies within an organization and their affect on strategic benefits design
Describe the components of a benefits strategy
Discuss the goals of a benefits strategy
Examine internal and external factors influencing a benefits strategy
Conducting A Gap Analysis
Discuss key activities when developing or updating a benefits strategy
Identify tools available for assessing your benefits offerings
Assess the current workforce
Identify assessment tools
Conduct baseline, competitive, and workforce analyses
Identify workforce trends affecting benefits plan design
Review current benefits plan goals
Plan Selection and Design
Identify scope and depth of the benefits plans
Examine considerations for medical programs and other health and welfare programs
Determine plan design specifics
Evaluate the feasibility of proposed plan
Costing Benefits Plans
Assess current costs and proposed design costs for medical programs and other health and welfare programs
Explain the common pricing methods and models
Funding Benefits Plans
Funding methodology
Advantages and disadvantages of funding arrangements
Determine funding of new or proposed plans
Select funding arrangements and employer/employee contribution levels
Management Approval and Implementation
Creating a business case for proposed plan
Presenting a business case for proposed plan
General plan implementation and administration considerations
Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.
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