In recent years, defined-contribution plans have become a popular option to traditional defined-benefit plans. The model provides for a more predictable health care spend, while allowing enrollees to take greater control over their health care dollars and choose a plan that more closely meets their individual needs. In today’s competitive environment, defined-contribution strategies are increasingly being developed by insurers to help them retain clients. As premium costs continue to rise and private exchanges grow, defined-contribution plans may be instrumental in persuading many employers to retain health coverage for their employees. Find out how your organization can take advantage of this major trend in benefit design.
The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.
Within days of each other in November, Blue Cross and Blue Shield of Kansas City and Highmark began promoting their private exchange models, through which they will offer defined-contribution plans to small businesses. While the K.C. Blues plan has offered defined-contribution options since 2009, Highmark launched its exchange as a pilot this month with 20 small-employer clients. In the face of growing demand, many insurers are adding more defined-contribution options, which range from high-premium offerings with limited out-of-pocket costs to less costly high-deductible options.
Hear a lively discussion of defined contribution from an executive at a major Blues plan who has developed defined-contribution plans, the co-founder of a defined contribution-based health exchange and an attorney who specializes in employee benefits. They’ll discuss why defined-contribution plans are garnering so much interest, the advantages they hold for employers and health plans, and why they may eventually become the dominant plan type.
You’ll get insider perspectives on key questions such as:
RON ROWE is the senior director of individual and small group markets for Blue Cross and Blue Shield of Kansas City (Blue KC), which recently launched the Blue KC exchange featuring defined-contribution plans for small-group customers. For almost 15 years, he has been responsible for various advertising, sales and product development initiatives at Blue KC. Mr. Rowe currently serves on the Blue KC Healthcare Reform Task Force Oversight Committee and co-chairs the company’s Health Care Reform Product and Pricing subcommittee. He holds a B.S. in accounting and finance from Park University.
ALAN COHEN is a co-founder and chief strategist for Liazon Corp., which creates benefit marketplaces for employers to offer defined-contribution plans. Mr. Cohen co-founded Onlinebenefits, Inc. in 1997 and has served as its president and CEO. Mr. Cohen steered Onlinebenefits to create and market groundbreaking products that have revolutionized the role of technology in human resources. He transforms innovative ideas into real-world solutions and is an expert on benefits plan design and Internet technologies. Mr. Cohen holds a B.A. from Cornell University and an M.B.A. from Columbia Business School and London Business School.
CHRISTOPHER CONDELUCI is an attorney with Venable LLP who focuses his practice on employee benefits and tax policy, with a specific emphasis on health care reform. He is also the co-author of a chapter on fiduciary issues in welfare plans in an American Bar Association-commissioned book entitled ERISA Fiduciary Law and was a significant contributor to the Health Savings Account Answer Book and the ERISA Fiduciary Answer Book relating health care reform issues. Mr. Condeluci is a former tax and benefits counsel for the Senate Finance Committee, where he helped negotiate details of legislative policy changes on matters relating to health care and participated in the health reform debates. He holds a B.A. from Pennsylvania State University and a J.D. from John Marshall Law School.
Moderator: Jonathan Block, editor of AIS's Health Plan Week and The AIS Report on Blue Cross and Blue Shield Plans (Published independently by Atlantic Information Services. Not affiliated with or sponsored, endorsed or approved by the Blue Cross Blue Shield Association or any of the independent Blue Cross and Blue Shield companies.)
CDs (and accompanying written materials) are shipped via UPS. Please give us your street address when you order (UPS does not deliver to PO boxes). You should receive your order within two weeks.* Shipping and handling cost is $12.
The On-Demand Recording will be delivered as a link within a PDF file of the accompanying written materials. Shipping will NOT be charged for this item.
Rush Orders: Please call us at 800-521-4323 to place a rush order.* We will overnight your order for an additional charge of $30, or you can give us your FedEx or UPS account number and we will charge the shipping to your account. Rush orders placed after 3:00pm EST will not be shipped out until the next business day.
*On-Demand recordings will be available within a week of the conference and CDs will be available within two weeks.
Listeners will also receive practical written information to supplement information covered by the Webinar speakers. A copyright release in the Printed Materials will permit you to make photocopies for each person listening to the Webinar and/or the On-Demand Recording.
Listen at your convenience to recent webinars with On-Demand or CD options!
Renew your subscriptions to AIS newsletter and looseleaf publications at the Renewal Center