Description
Avoid regulatory and other pitfalls while ensuring every aspect of a successful benefit plan is being handled.In light of the Consolidated Appropriations Act (‘CAA’) and recent lawsuits, it is critical for healthcare plan sponsors to understand their fiduciary duties to the plan and plan participants. They must understand the law, but just as importantly, understand how to comply with the law from a practical standpoint.The live webinar also explains how plan sponsors can work with TPAs to provide valuable benefits and valueadded services to their employees and plan participants. This results in a healthier employee population and leads to corporate success.
Date: 2024-10-22 Start Time: End Time:
Learning Objectives
Why Do You Need a Healthcare Plan Third-Party Administrator?
• Plan Sponsor Fiduciary Duties
• Consolidated Appropriations Act
• Recent Lawsuits
What Should You Look for in a TPA?
• Coordination of Plan Service Providers
• Comprehensive Plan Design Options
• Performance of Plan-Related Administrative Tasks
What Should You Consider With Regard to TPA Costs?
• Totality of Services Provided (e.g., Claims Processor vs. Limited Fiduciary/Plan Liaison)
• Customization for Plan Sponsor
• Plan Protection
Will the TPA Customize Services for the Plan Sponsor?
• Customization — All Plan Sponsors Are Different (e.g. Industry, Employee Population, Risk Tolerance)
• Additional Services Needed (e.g., Claims Auditing, Cost Containment)
• Recommendations Regarding Value-Added Services
Will the TPA Assist With Plan Protection and Compliance?
• Fiduciary Roles and Related Responsibilities
• Legal Compliance
• Final Thoughts
ASA ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Emily Langdon-Fraser Stryker PC LLC
