Our presentation will shed light on when an
alternate funding mechanism should be considered for a medical program.
We will review cash flow considerations, how total cost is developed, maximum
liability, minimum liability, how the plan behaves when there is a deficit and
what is different between fully insured pricing vs. alternative funding.
While implanting changes can often be unsettling, with the right information
and preparation, it doesnít have to be. Understanding the various alternative
funding mechanisms and implementing the right one for your group may be the
best ways to avoid or mitigate substantial benefit cost increases.
NFP has a detailed understanding of all available financial funding
arrangements. Using various case studies, we will identify
the scenarios in which is makes sense to move to an alternative funding
arrangement. We will describe how one of the most commonly used funding
mechanisms, a fully insured plan, is underwritten and funded and explain how this is like and/or different from
alternatives. We will also highlight the pros and cons of various
alternative funding strategies.
SPEAKER-Elizabeth Patterson is a Managing Consultant for
NFP with over 20 years of experience in the employee benefits industry.
Elizabeth is a skilled project manager who assists in the resolution of budget
concerns, administrative challenges and employee issues, ensuring results are
consistent with each clientís strategic goals and culture. Elizabeth is also a
key member of NFPís management team with oversight of the firmís compliance and
communications departments as well as the firmís consulting practice. She joined
NFP in January, 1999. Elizabeth is an avid golfer and an active speaker
for the Career Services department at Arcadia University, PEBA and SHRM.
Recently, Elizabeth spoke at the Long Term
Care Industry Annual Roundtable regarding the topic of Health Care Reform.
Elizabeth earned a Masters in English from Arcadia University (formerly Beaver