For contractors who self-fund their medical plan, there are few areas of significant financial exposures with risks often unknown and unmanaged until it is too late. Using specific, recent, and highly relevant experiences from Banks Construction, this session will detail these risks in stop loss and leave/absence management for contractors. Further, Banks Construction CFO Bill Zobel will outline his newly enacted risk/financial mitigation and best practices to remove/drastically reduce these potential multi-million-dollar risks.
Create a detailed map of financially significant – and largely unseen – risks generated by self-funded health plans
Identify risk management strategies through examples of direct P&L impact to Banks Construction
Discover Best in Class language and health plan/stop loss “plan mirroring” strategies to remove blind risk from contractors’ financials
Learn lessons and best practices for leave management and documentation protocols to remove blind risk from contractors’ financials
This session offers 1.5 cpe credits in the field of Personnel/Human Resources.