“The CAA was the most significant piece of healthcare legislation that we've had since the ACA.” - Sarah Borders
Healthcare compliance, especially post-CAA, can be a complex thing for employers to navigate. There’s an increased level of scrutiny on employers, with heavy fees for those who don’t comply.
This week on Self-Funded with Spencer I’m joined by Sarah Borders, co-founder of Benefits Compliance Solutions. Here are a few key takeaways for consultants:
- Understanding compliance: Navigating the complex regulations and avoid costly mistakes.
- Turning compliance into an advantage: Discover how you as a consultant can leverage compliance as a prospecting tool, saving clients from lawsuits, penalties, and headaches.
- Embracing the benefits of regulation: Understand the purpose of the CAA and how it exposes bad practices, ultimately improving healthcare for everyone.
Join us this week on Self-Funded with Spencer to learn how to not get sued.
Chapters:
0:00 - Meet Sarah Borders
6:37 - Sarah’s Journey To Compliance Expertise
14:05 - The Shift Towards Data-Driven Compliance
17:33 - Remote Work As An Entrepreneur
27:01 - Effective Communication = Effective Information
34:57 - Legal Repercussions Of Cobra Compliance
41:34 - Group Health Plan Compliance
46:20 - Yearly Attestation
54:04 - The Impact Of Regulations On Transparency
1:01:21 - Empowering Clients and Consultants
1:04:38 - The Impact Of CAA On Group Health Plans
Key Links for Social:
@SelfFunded on YouTube for video versions of the podcast and much more - https://www.youtube.com/@SelfFunded
Listen on Spotify - https://open.spotify.com/show/1TjmrMrkIj0qSmlwAIevKA?si=068a389925474f02
Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/self-funded-with-spencer/id1566182286
Follow Spencer on LinkedIn - https://www.linkedin.com/in/spencer-smith-self-funded/
Follow Spencer on Instagram - https://www.instagram.com/selffundedwithspencer/
Key Words:
#insurance #compliance #industrytrends #ACA #caa #levelfundedplans #Cobra #CobraCompliance #grouphealthplan #ConsolidatedAppropriationsAct #attestation #regulations #consulting #futureofcompliance #healthcarecompliance #selffunded #selffunding #podcast
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