About this Course
Budgeting for a self-funded health insurance plan with Roundstone is a little different than what you may be used to coming from fully insured. One of the biggest areas of confusion with having a self-funded health plan vs fully insured coverage deals with cash flow and budgeting for self-funded costs.
In this course, we’ll discuss tips and best practices on budgeting for a self-funded plan, including (1) budgeting for future claims costs in the initial year, (2) budgeting for future claims costs in subsequent years, (3) specific reinsurance claim advancement, and (4) aggregate accommodation.
To track your progress, you’ll earn course credits for each lesson you complete in Roundstone University. To earn your course credit badge, answer at least 6 of the 8 (75%) quiz questions correctly. A quiz can be retaken if you make a mistake. Your course credit badges will be displayed on your profile, and friends can see which ones you’ve earned!
DISCLAIMER: Roundstone as an institution does not advise on any business income tax or accounting requirements or issues. Use of this information is for general information only and does not represent tax or accounting advice either expressed or implied. You are encouraged to seek professional advice for corporate income tax and accounting questions and assistance.
Please download these materials to assist your learning throughout this course:
(1) Budgeting a Self-Funded Plan Notebook
(3) Cash Flow Considerations for Self-Funded Health PlansÂ
(4) Control Your Company's Healthcare Costs with a Self-Funded Program