Chapter Meeting - Transforming a Top Organizational Liability into an Asset - while Improving the Quality of a Benefit Plan
Topic: Transforming a Top Organizational Liability into an Asset – while Improving the Quality of a Benefit Plan
We will provide insights and recommendations to help your company, or your clients, untangle from the web of confusion that’s tying them to ever increasing healthcare costs.
The amount that employers spend on healthcare has risen at least at twice the rate of inflation. Large employers are predicting that their health care costs will rise by 5-6% in 2020; and small to mid-size employers typically spend more per employee. In the past, the solutions for containing costs have been scarce. Employers have had two choices: increase costs or dilute coverage. Times have changed – there are now creative ways that an employer can improve the quality of their health plan while decreasing costs.
This session will be split between a presentation, and a panel discussion that will review various case studies. It will break down the basics of the Affordable Care Act (ACA), and cover steps that employers can make to take control of their benefits plan.
What Participants Will Learn: ACA Basics:
Lessons learned from regulating insurance, but not healthcare.
How the ACA legislated profits for insurance companies and the impact on Employers.
Tax implications, including the return of the Insurer Tax in 2020.
How an employer can take control of their benefit plan:
How to develop a strategic plan of action to regain control
Questions to ask your insurance advisor or broker
Common sense steps to restore the word “benefits” to their benefits program
Why education is the missing link, and how to empower employers and employees alike.
Derek is a Lead Consultant at The Business Benefits Group, where he has consulted clients regarding employer sponsored benefit programs for nearly the past decade.
More recently he is a co-founder of Distilled Concepts, a newly created organization that is purpose built to provide more advanced advisory and consulting exclusively for Employers of intention, and also counsel on solutions from the industry as a whole. When supporting health plans for clients, they work solely with self-insured Employers, or serving as a bolt-on advisor for the eventual transition to a self-funded health plan, providing distilled client education and strategy.
Derek has been recognized as a Rising Star in Advising by EBA Magazine, interviewed in Managed Care Magazine, and also a contributor to Benefits Pro Magazine. When it comes to Social Media, he is most active on LinkedIn.
As an Employee Benefits Consultant with the Business Benefits Group (BBG), Jessica helps companies design an employee-centric benefits program, focused on cost-containment and user experience. Jessica was named 2019 Face of Change by BenefitsPro magazine and has been featured on multiple podcasts around healthcare and humanizing the workplace. Jessica has recently become Health Rosetta certified, a certification which requires complete transparency and aligned incentives to clients.
Eddie is a Regional Practice Leader for Roundstone, which works with small to mid-size employers to implement innovative benefit solutions while saving clients an average of 20 percent. Since 2005, Eddie has been a leading innovator in providing captive solutions for a variety of exposures, including health and voluntary benefits. Prior to joining Roundstone, Eddie has a wealth of experience with self-insured organizations to help them recognize their risk and identify ways to improve processes and reduce costs.
4:00 PM - 9:00 PM
Maggiano's Little Italy Tysons Galleria 2001 International Drive McLean, VA 22102