About the Course
There is a gap between people's earnings and the cost of health insurance. Since 1999, health insurance premiums have increased by 160%, and worker's contributions have gone up even more. During that same time, workers' earnings have barely outpaced the rate of inflation, growing only 50% in those 12 years. So far, most employers have done a pretty good job of hanging on to their health benefits, but it has not been easy. With passing on a portion of the premium to their employees, most employers have also had to increase cost-sharing. A growing percentage of employers now have deductibles over $1,000. Other companies are dropping co-pays altogether and moving to a consumer-driven health plan. These sorts of plans control costs by delegating more responsibility to the consumer. People tend to spend their own money differently than they spend someone else's money. As they shop around for healthcare, we start to see the healthcare marketplace respond like other areas of the economy: consumers demand price transparency, which leads to competition, which in turn leads to higher quality and lower prices.
Producers must educate their clients on what the driving factors are and where the failure lies in managed care to control costs. A knowledgeable producer can provide in-depth explanations about how our aging population, prescription drug usage, and government intervention creates a complex regulatory and compliance environment. All of these things impact rising consumption and the financial implications that follow.
- Compares Health Reimbursement Arrangements, Health Savings Accounts and Health Flexible Spending Accounts other plan designs
- New HRA plans: ICHRA & EBHRA
- Current and projected adoption
- Business case and newly released guidance on implementation
- Presents comprehensive guidance on eligibility, contributions, plan designs, compliance and all technical elements
- Provides two frameworks — one for selling account
The cost of the Account-Based Health Plans Certification course is $224 for members and $320 for non-members (refund policy), which includes online instruction, a final exam and continuing education credits filed in all 50 states (rules). Upon completion, the student will receive a certificate of completion as a Certified Account-Based Health Plans Professional.