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Employee Benefits Costs are NOT Out of Your Control

Topic:
Employee Benefits Costs are NOT Out of Your Control
Date:
May 9, 2013 at 1:30 - 2:30 PM ET
Presenters:
Scott Mayer, Vice President, Data Analytics(WorkforceTactix, Inc.)
David Noel, Vice President, Sales(WorkforceTactix, Inc.)
webcastImgVirtual
Description
For as long as most people can remember, the “strategy” each year when evaluating the employee benefits programs and the associated costs has been to shop the insurance carrier, change the plan design, and alter employee contributions. But as health insurance costs continue to spiral upward at an alarming rate, it has become painfully clear, that these strategies will not and cannot provide any form of sustainability or predictability over the long term. All these strategies do is shift risk from one insurance carrier to another, or shift costs and liability from the insurance carrier or employer onto the employee.

If employers are to realize the goal of having an employee benefits program with stable costs and predictable results year over year, the thinking and methodology has to shift from that of RISK TRANSFERENCE to RISK MANAGEMENT. Employers and their consulting and vendor partners have to identify all of the areas of risk encompassed within their benefits programs, and institute focused strategies on managing and containing that risk.

This presentation will identify the three areas of risk in an employer sponsored health insurance plan, discuss the traditional methods and some of the newer methods employers have used to attempt to manage that risk, address why those attempts may have been unsuccessful, or have underperformed, and then lay out a thought process and strategy for a visionary and futuristic approach to manage risk. Attendees will get to see real world data and results from an organization that has adopted this approach. Attendees will be able to ask the presenters specific questions regarding their own experiences and situations.

Who Should Participate
CFOs
Controllers
Benefits Administrators
VPs of HR
anyone who deals with employer sponsored benefits and the associated costs.
What You Will Learn
Please join us as members that register for this session will learn the following:
  • What aspects of risk are contained in an employer sponsored health insurance plan
  • Why wellness programs tend to fail or under perform
  • Why companies cannot rely on insurance carriers to manage their risk.
Recommended Resources
ebn.benefitnews.com http://ebn.benefitnews.com/news/metlife-money-pill-leopold-wellness-2718068-1.html?ET=ebnbenefitnews:e2293:1803437a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=EBN_inBrief_092711 Click here

www.forbes.com http://www.forbes.com/sites/theemploymentbeat/2013/02/28/employers-get-fiscally-fit-with-wellness-programs/ Click here

Communities
Benefits
Design and Technology
Benefits Administration
Self-Service
Medical Benefits
Consumer-Directed Healthcare (CDH)
Flexible Savings Accounts (FSAs)
Health Savings Accounts (HSAs)
Health Reimbursement Accounts (HRAs)
Health Maintenance Organizations (HMOs)
Preferred Provider Organizations (PPO)
Insurance
Health
Benefits - Cost Containment, Audits and Legal Risks
Presented by
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Scott Mayer
WorkforceTactix, Inc.

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David Noel
WorkforceTactix, Inc.

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Event Sponsors
WorkforceTactix, Inc.
WorkforceTactix, Inc. provides innovative workforce strategies for employer groups throughout the mid-Atlantic region.
File List
Feedback
Name Comment Rating
Image of Jill Merrow Jill Merrow
The Vermont Country Store
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Michelle Price Michelle Price
San Mar Children's Home, Inc.
4 / 5
Very Good Presentation
Image of Donna Carr Donna Carr
North State Flexibles
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Jody Wilson Jody Wilson
Capital Card Services
3 / 5
Good Presentation
Image of Vicki Costello Vicki Costello
University Of South Florida Physician Group
4 / 5
Very Good Presentation
Image of Linda Brust Linda Brust
Hewlett Packard
5 / 5
Excellent Presentation
Image of Sara Sheehan Sara Sheehan
Lerner, Sampson & Rothfuss
5 / 5
Excellent Presentation
Image of Mary Wierschem Mary Wierschem
US Bureau of Labor Statistics
4 / 5
Very Good Presentation
Image of Linda Asan Linda Asan
Columbia University
3 / 5
Good Presentation
5 / 5
Excellent Presentation
Image of Vicki Murray Vicki Murray
COWIB Business Connections
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
Image of Stephen Miller Stephen Miller
Apogee Business Group
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Jane Vail Jane Vail
Global Resort Transfer
4 / 5
Very Good Presentation
Image of REGINA WILDER REGINA WILDER
Enercon Services, Inc
5 / 5
Excellent Presentation
Image of Brie Elliott Brie Elliott
Ballentine Partners, LLC
4 / 5
Very Good Presentation

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