Employers with 500 or more employees and self fund their group health benefits now can participate in the “Big Data” revolution and bring new capabilities and immediate cost reduction strategies to their Self-Funded Health Plans.
Employers can reduce their medical spend immediately by leveraging data mining and analytics. Up to 10% of your medical spend is lost due to waste, abuse and fraud. Until recently, it was virtually impossible to identify and fix these problems.
To reduce costs and liability risks, employers must effectively manage the “5 Levers of Self Funded Management Control.” As a result of technology improvements, Plan Sponsors can dramatically reduce their cost, and Fiduciary liabilities.
The implementation of the ACA is here. And while the employer mandate has been delayed, the major pieces of the ACA are still in effect. Most employers will want to begin managing required healthcare plan data as soon as possible in 2014 so as to be prepared for the October 2014 benefits enrollment for January 2015.
Learn how to meet all ACA requirements with confidence, not fear. Navigate, manage, and analyze the impact of strategic decisions using decision-modeling along with your benefits advisor, all within the ACA environment.
In this session we will cover:
•Benefits plan design management and strategy optimization
•Cost impact analysis and forecasting for future strategy
•Control and manage the changing regulatory environment
•Internal and external stakeholder communication
Join one of the nation’s most well-recognized consulting teams to explore the new world of company retirement plans. In this session you will learn about the history and evolution of defined contribution & defined benefit plans; the focus of Department of Labor audits; understanding your responsibility as a Plan Sponsor and/or fiduciary; and how to create the optimal defined contribution plan for your employees. “Thinking Beyond the Box” will empower you to demand more out of your service providers and help better understand all of the moving parts in a 401(k), or other defined contribution plan and most importantly help you understand your fiduciary responsibility.