Get up to speed on how and why an employer may sponsor a health plan for its employees and their beneficiaries. Required courses will outline the various ways to structure a group health plan, as well as the many laws and regulations that impact them. Then choose between several elective courses that take a deep dive into plan funding and ancillary health benefits that plan sponsors may offer.
Introduction to Group Health Plans
Group health benefits play a key role in attracting and retaining your employees. Having trained staff who can effectively answer group health plan questions is essential. This course identifies the different plan funding options, outlines the evolution of managed care, reviews cost-containment strategies for group health plans and addresses how plans must comply with federal and state laws.
Overview of Prescription Drugs
For many consumers, taking medication is a part of daily life, but navigating through sources of coverage, the different types of drugs that exist, various plan costs and features, and the claims process can be difficult. This course will provide guidance on how prescription drug plan sponsors can support their participants.
Take one elective course to earn the certificate, but get access to all three.
Self-Funded Health Plan Basics
Employers providing group health plans for their employees often choose to self-fund medical benefits instead of purchasing insurance. It is critical for plan sponsors to understand how these two approaches differ, how they are the same, and the pros and cons of each. This course will outline the basics of self-funding and provide a foundation for decision-making, design and administration.
Health Savings Accounts (HSAs)
HSAs are designed to pay for day-to-day qualified medical expenses on a tax-favored basis before health coverage provided through a high-deductible health plan (HDHP) begins. Learn about who can own and contribute to an HSA, as well as contribution limits, distribution requirements and administration considerations. Conclude this course by comparing HSAs to other employer-sponsored health accounts.
Learn how taking an active role in supporting employee wellness can improve overall productivity and the health and stability of your workforce. This course explains the business case for wellness programs and how to develop an effective wellness initiative.