Podcasts about third party administrator

In this week's episode of Pophealth Week, we're excited to showcase Michelle Bounce, the Chief Operating Officer at The J.P. Farley Corporation. Since joining the team in 2007, Michelle has consistently excelled across various roles within the company, demonstrating a deep understanding and innovative approach to the operations of a Third-Party Administrator (TPA). Her initiatives to revamp the conventional TPA structure through automation, cutting-edge technology, and process enhancements across the board have significantly increased efficiency. Michelle's passion for innovation extends to her collaborations with key vendors, fostering relationships that are rooted in a shared enthusiasm for transformative change. As an esteemed member of the Health Care Administrators Association (HCAA) and holding licenses in life and health in Ohio, Michelle brings a wealth of knowledge and expertise to the conversation. Our discussion will delve into the role of TPAs in promoting value-based healthcare, moving beyond the traditional emphasis on cost reduction to explore how Care Management vendors can deliver the real value that self-funded employers seek. Join us for an insightful conversation about the future of healthcare administration and the pivotal role of TPAs in shaping it.

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop listening and call me on (732) 673-0510. To read the text version of this podcast click here —> Text Version Click the video below to listen to this episode of The Street Level Business Podcast [...] The post Podcast – Business Owners With A Retirement Plan | Who Is Your TPA? (Third Party Administrator) appeared first on Chris Whalen CPA.

This week our guest Terri Raimondi joins host Cary Hall for a revealing look into the high cost of health insurance and why its so high. Our experts tell all and you're going to learn where is the money going (and guess who pays for it)? Cary Hall: "You know, they always say, follow the money. We're going to help you follow the money. And we're going to have that discussion about national health care and how it works. And why is it the Europeans spend less on health care and than we do. We're going to talk about all those things today with this national expert Terri Raimondi here in the AHA studio with me". We will explain Self-Funded Health Insurance Programs, Employer Self-Funded Health Insurance Plans and tell you what BUCA plans are and what a Third Party Administrator does. Episode 1928 Lean more, contact Terri Raimondi: terriraimondi@me.com Got a show idea? Contact Cary Hall: https://www.americashealthcareadvocate.com/contact-us

Today's guests are Paul Templar CEO and Sebastian Prosser, Head of Account Management at insurance technology solutions specialist VIPR. VIPR started out in the London Market 14 years ago. From day one its core offering was to provide a software solution to the endless administrative problem of the ingestion and checking of data in the Delegated Authority (DA) space. With around 40% of the business at Lloyd's transacted this way, it started life in a very fertile environment that was drowning in a mass of spreadsheets, emails and stray documents. Today it has grown enormously to be the largest player in this segment with over 400,000 bordereaux processed annually relating to around £5 billion of gross premium. This business is at the real coal face of digitisation in our industry and its development is following a ruthless logic: If you can ingest, verify and cleanse insurance data on a large scale, the next step is to start to analyse that data and gain genuine insights into the business you are writing.  And once you can do all this you can also speed up the process of onboarding new partners from a compliance perspective. My chat with Paul and Seb comes as VIPR is making large strides internationally into the US and European markets on the back of significant new blue-chip investment. With digital initiatives gaining traction and prominence all over the insurance world it's an exciting time for the market and for VIPR. Here we talk about the prospects for a far more efficient, digital and data-driven marketplace, the world of insurance software ecosystems and the exciting expansion opportunities opening up for VIPR and its clients. Paul and Seb are great company and I recommend this episode to anyone looking to learn how to climb the first rung of the digital ladder. NOTES Naturally we mention DA a lot. That's the abbreviation for Delegated Authority. There is also TPA, which stands for Third Party Administrator (usually for claims). LINKS https://viprsolutions.com/

We are joined by a fabulous Louisiana Lad on this week's episode! Meet JJ McKinney and hear how there's nothing he doesn't do! From becoming an ordained Deacon in the Catholic Church, to being the father of 9 kids, to practicing Brazilian Jiu-Jitsu, and working as a Third-Party Administrator for retirement plans. Listen along for some great advice and a peek into his very interesting life! December book of the month: Christmas Shopaholic: A Novel: Kinsella, Sophie Catch up on Louisiana Ladies on Apple Podcasts and Spotify! Follow Louisiana Ladies on Instagram and Facebook Wanna chat? Email louisianaladiespodcast@gmail.com

Host Dorothy Cociu interviews Dan Baker, Vice President, Sales and MaryAnn Wessel, Senior Account Manager of EBA&M Corporation, a Third-Party Administrator specializing in self-funded and level-funded health plans on the best practices for renewal and open enrollment, and strategies for making your upcoming renewal efficient and successful. We discuss timelines for quoting and sales steps, reporting and data analysis, funding mechanisms, employer education, and the complexities of new laws and regulations and how they impact your renewal and open enrollment. Join us for this informative podcast! Visit our podcast page for more at https://advancedbenefitconsulting.com/s4e5-renewal-open-enrollment-strategies-for-self-funded-health-plans

My guest Ellen Brokaw is the President and Owner of Brokaw Nursery, one of the largest subtropical tree suppler located in Ventura County, California. Sixty years ago, Hank and Ellen Brokaw began the nursery as an avocation. With hard work and innovation, they built Brokaw Nursery into one of California's largest suppliers of subtropical orchard trees. Brokaw currently produces over 300,000 plants per year and exports to several countries worldwide. They are an industry leader in innovation of new varieties of fruits and rootstocks. They specialize in avocados and citrus. Brokaw Nursery website - http://www.brokawnursery.com/This episode is sponsored by UnitedAg,  one of the largest association health plans to offer healthcare to the agriculture industry of California and Arizona.  Kirti Mutatkar, President and CEO of UnitedAg. Reach me kmutatkar@unitedag.org, www.linkedin.com/in/kirtimutatkarUnitedAg's website - www.unitedag.org

The Modern TPA - Tech when you need it, people when you don't. In episode 56 of Self-Funded with Spencer, I sit down with the CEO of HealthSmart, Craig Julien. Craig is a fascinating person, being an avid Triathlete, Mountain Climber, and a World Record Skydiver, while also running a very successful Third Party Administrator. Throughout his career, Craig has always been willing to raise his hand to take on more responsibility, or a new opportunity, even moving to India for a few years to run a company. I have sat down with numerous Founders and CEO's, and Craig's story is right up there with the best of them. 0:00 Intro Clip 0:33 Opening Credits 0:41 Craig's Backstory & Career 8:45 Sponsors 9:35 Triathlons, Mountain Climbing & Skydiving 18:30 What is a TPA 24:16 Applying Tech to the TPA world 28:02 Tech + People = Enablement 31:55 Direct Primary Care/Virtual Primary Care 36:52 The HealthSmart Solution 43:55 TPA Trends 47:00 Behavioral Economics 52:04 Big Picture Healthcare Trends 58:00 Closing Thoughts from Craig --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

The Modern TPA - Tech when you need it, people when you don't. In episode 56 of Self-Funded with Spencer, I sit down with the CEO of HealthSmart, Craig Julien. Craig is a fascinating person, being an avid Triathlete, Mountain Climber, and a World Record Skydiver, while also running a very successful Third Party Administrator. Throughout his career, Craig has always been willing to raise his hand to take on more responsibility, or a new opportunity, even moving to India for a few years to run a company. I have sat down with numerous Founders and CEO's, and Craig's story is right up there with the best of them. 0:00 Intro Clip 0:33 Opening Credits 0:41 Craig's Backstory & Career 8:45 Sponsors 9:35 Triathlons, Mountain Climbing & Skydiving 18:30 What is a TPA 24:16 Applying Tech to the TPA world 28:02 Tech + People = Enablement 31:55 Direct Primary Care/Virtual Primary Care 36:52 The HealthSmart Solution 43:55 TPA Trends 47:00 Behavioral Economics 52:04 Big Picture Healthcare Trends 58:00 Closing Thoughts from Craig --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

In Part 2 of our 3 Part Series on Health Plan Financing & Cost Containment, Host Dorothy Cociu interviews Brad Gossen, President, and Dan Baker, Vice President, Sales, of EBA&M Corporation, a Third-Party Administrator specializing in self-funded health plans. In this post-COVID world, employers are trying to get back to what they do, and in order to do that, they are looking at long-term cost containment in their health plan financing. Is Self-Funding the way to help your company's bottom line and help long-term growth? As employers look at reducing their long-term spend, but need good benefits to attract and retain employees, the self-funding alternative is looking more and more promising. Join us as we discuss the Risk vs. Reward. website https://advancedbenefitconsulting.com/s3e17-is-self-funding-your-health-plan-the-way-to-help-your-companys-bottom-line-and-long-term-growth

For many public entities, the largest total cost of risk (TCOR) driver is claims costs. Implementing ways to control those costs not only reduces claims spend, but impacts renewal premiums as well. Carleen Patterson and Keith Brown, Alliant, discuss ways to control costs, starting with how you choose your third-party administrator (TPA).

On today's episode I welcome back Bryan Bloom, CPA and author of The Confessions of a CPA book series. Join me as Bryan and I talk about capital equivalents, life insurance, the perfect loan, inflation, the correlation between tax and debt and his new book Confessions of a CPA: Why What I Thought To Be True Has Turned Out Not To Be Guest bio: Byan is a CPA and has been for more than 35 years. Most of those years he prepared personal income tax returns as a side to his normal activities involved in planning a retirement. Early on in his career, he was the Chief Financial Officer of the State Universities Retirement System of Illinois. This provided him with an understanding of the retirement plans of people who work in the public sector. Next, he worked with a Third-Party Administrator, Benefit Planning Consultants, designing 401(k) plans for small businesses. This provided him with an understanding of retirement plans of people who work in the private sector. About 15 years ago, Byan ventured into the arena he is in right now – helping individuals practically plan for their retirement years. During these 15 years, he has been understanding more and more about how different financial strategies and financial products work and more importantly why they don't work. Bryan has authored 5 books. The series Confessions of a CPA, reveals why what he taught to be true as a CPA has turned out not to be true. We have no chance of success if we follow what we are taught in academia, traditional planning, and the popular media. Together with his wife Pam, they celebrate 40 years of marriage together, have 2 daughters and 3 granddaughters and a grandson. They are the joy of their lives. For Byan – this is retirement! Sharing with people around the country some of the financial realities in life that differ greatly from what we have all been taught to believe. Guest links: Get Bryan's new book Confessions of a CPA: Why What I Thought To Be True Has Turned Out Not To Be https://amzn.to/3GmwFYT Episode Resources: Check out Bryan's other book Confessions of a CPA: The capital equivalent of Life Insurance https://amzn.to/3riLAPf Check out my first interview with Bryan Bloom: Understanding the Capital Equivalent of Life Insurance https://betterwealth.captivate.fm/episode/understanding-the-capital-equivalent-value-of-life-insurance-with-bryan-bloom

In this episode Carla and I discuss the planning needed for a company on a journey to an esop dealing with 404, 415, and 409(p) requirements, limitations and application of the rules to make sure your company is ESOP feasible.   Carla has a really cool background - and actually worked with Louis Kelso economist who is notably the inventor and founder of ESOPs.

You are about to be inspired and challenged about how you think about value-based care. Since 1991, Rosen Hotels & Resorts has offered an innovative in-house healthcare program called RosenCare that has been improving lives for employees and the community, as well as saved the company approximately $450 million since its inception. Our guests this week are Harris Rosen, businessman, investor and philanthropist who founded Rosen Hotels & Resorts and serves as the company's president and COO; Kenneth Aldridge, Director of Health Services for Rosen Medical Center, the onsite medical home and primary care ecosystem; and Ashley Bacot, President of Provinsure, an independent insurance consulting arm owned by Rosen. The takeaways from this conversation are multi-faceted and can be applied to ACOs, health plans, and employers. This interview will allow you to re-think how local community engagement and partnerships fit into your healthcare strategy. RosenCare's approach will force you to reconsider how you approach access, quality, service, costs, innovation. Saving costs and improving lives, this model is ripe for replication and needs to become the norm in our race to value. In the words of Mr. Rosen, “We need to, as a nation, build a much better health system. If we replicated the RosenCare program nationally, we would save over a trillion dollars annually!  Let's use that money to pay off our national debt. Health care can be the treasure that changes America.” Episode Bookmarks: 01:45 Background on Rosen Hotels & Resorts and its innovative in-house healthcare program (RosenCare) that saved $450 million! 03:45 Introduction to Harris Rosen, Kenneth Aldridge, and Ashley Bacot 07:00 Rosen Hotels & Resorts spends 50% less per capita than the average employer (cost “per covered life” is ~$5,500) 08:20 Mr. Rosen explains how the military adages of the 6P's and KISS guides his entrepreneurial vision 09:20 The birth of RosenCare in 1991 due to uncontrollable and rising health insurance premiums (Mr. Rosen) 10:00 Lowering healthcare costs 20% but still facing premium escalations…time to become a self-insured plan and build our own clinic! (Mr. Rosen) 14:20 “Our success wasn't that complicated. Scary…yes. Uncertain…of course. But we did it, and we saved $450-500M in healthcare costs over the last 40 years.” 16:05 How Mr. Rosen leads others and built a such a strong culture that company associates want to be a part of (Ashley) 18:40 How working diligently to keep people healthy drives both good outcomes and a healthy bottom line (Mr. Rosen) 19:05 Social determinants of health and the challenges of keeping associates healthy (Kenneth) 20:20 “This is advanced, direct primary care on steroids!” 22:00 The strength of Rosen's self-insurance plan, Third Party Administrator, and direct contracting model (Ashley) 24:00 Designing steerage into the benefit design (Ashley) 25:30 The unfounded fears by employers in redesigning health insurance benefits (Ashley) 27:30 An Overview of Rosen Medical Center, A Place for Healing and Wellness 29:00 The importance of relationship-based care at Rosen Medical Center (Kenneth) 34:30 How RosenCare addresses the issue of low value care with PBM formulary selection and surgery options (Kenneth) 36:00 How non-traditional treatment (e.g. medical marijuana) have a role to play in eliminating traditional options of treatment that are of lower value (Kenneth) 39:00 How RosenCare approaches direct contracting with hospitals (Ashley) 40:15 The importance of employers having the courage to be self-insured and the need for reforms in hospital reimbursement (Mr. Rosen) 42:00 “Hospitals must try to be fair and equitable.  They should publish costs and outcomes online.” 43:20 The powerful hospital lobby and its concern for income preservation at the sake of ethical business behavior (Mr. Rosen) 45:00 The horrible financial situation that patients fa...

#027 - Your employer is really your health insurance company.  Two out of every three (67%) Americans who get their health insurance through their employer are in a self-funded insurance plan - which means your employer is paying the claims, not an insurance company.2020 Kaiser Family  Foundation Survey - 2 out of 3 Employers Are Self-FundedScott considers the unfortunate comments of someone who has met their insurance plan's annual out of pocket maximum in June and wants to load up on perceived "Free" benefits that their plan provides for them over the course of the next 6 months.  Scott explains why that perception is backwards and how it harms their employer, coworkers and themself.If you have health insurance through your employer, you are not alone.  About half of the United State's population receives health insurance through their employer, which covers 157  million Americans.  If your employer has over 1,000 employees, it is nearly a certainty that your employer is your insurance company.  If you work for an employer with fewer than 200 employees, you have a 1 in 4 chance that your employer is self-funded.  More and more small employers are learning about self-funding......talk to your boss, office manager or firm administrator about getting a self-funded health insurance plan for your company.Why You Get Your Health Insurance Through Your EmployerWhen the employer is self-funded, the employer pays claims on behalf of the employee.  The employer relies on an Administrative Services Only (ASO) contract with a Third Party Administrator (TPA), which can be an independent firm or sometimes is a division or department within an insurance company.  The employer may purchase Stop Loss insurance, with which the employee is not directly involved. Learn More About Trends In Employer Self-Funded Health Plans hereThanks, as always, for your support!  Tell your family, friends, coworkers, boss, office manager and firm administrator to listen and subscribe to Doxcost on Apple Podcasts or wherever you get your shows!Next episode, we'll take a deeper look at the High Deductible Health Plans that make you eligible for a Health Savings Account. Like the music on our show?  Be sure to listen to my pal, Morgan Fingleton, here 

Rachel Strauss is Director of Strategic Development at EHIM, "national, privately held, woman-owned (WBENC) Pharmacy Benefit Manager (PBM) and Third-Party Administrator that helps organizations proactively contain rising prescription and healthcare costs." Rachel joined me on the show to discuss the role of a PBM, the hidden costs and dark money in this space, as well as EHIM's approach to doing business the right way. She also was the person who recommended to me the Magic Merlin Sleep Suit, so if you have an infant at home that is transitioning out of being swaddled, I cannot recommend the Sleep Suit to you enough : ) --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

Rachel Strauss is Director of Strategic Development at EHIM, "national, privately held, woman-owned (WBENC) Pharmacy Benefit Manager (PBM) and Third-Party Administrator that helps organizations proactively contain rising prescription and healthcare costs." Rachel joined me on the show to discuss the role of a PBM, the hidden costs and dark money in this space, as well as EHIM's approach to doing business the right way. She also was the person who recommended to me the Magic Merlin Sleep Suit, so if you have an infant at home that is transitioning out of being swaddled, I cannot recommend the Sleep Suit to you enough : ) --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

Jonathan Lopez, Ed.D - aka "Dr. J-Lo" joins me on this episode to cover the role of the Third Party Administrator from a different perspective than covered previously. He views the role of the TPA as the "Adjudicator", and explains what he means using a sweet "John Wick" analogy! Jonathan has an interesting story, having gotten his undergrad degree in Kinesiology, then attending OCS with the Marine Corps, before going back to complete his Doctorate in Education Leadership. Oh, and he also used to own a Crossfit Gym! Not the typical path towards being an RVP of sales for a TPA...but that is the beauty of the insurance industry. There is no correct path to get in, and once you are in, you can find what interests you to carve out your own path. *Correction* - 78% of hospitalizations due to Covid were overweight/obese - not 94%. The 94% statistic was in reference to the percentage of Covid deaths that had comorbidities". --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

Jonathan Lopez, Ed.D - aka "Dr. J-Lo" joins me on this episode to cover the role of the Third Party Administrator from a different perspective than covered previously. He views the role of the TPA as the "Adjudicator", and explains what he means using a sweet "John Wick" analogy! Jonathan has an interesting story, having gotten his undergrad degree in Kinesiology, then attending OCS with the Marine Corps, before going back to complete his Doctorate in Education Leadership. Oh, and he also used to own a Crossfit Gym! Not the typical path towards being an RVP of sales for a TPA...but that is the beauty of the insurance industry. There is no correct path to get in, and once you are in, you can find what interests you to carve out your own path. *Correction* - 78% of hospitalizations due to Covid were overweight/obese - not 94%. The 94% statistic was in reference to the percentage of Covid deaths that had comorbidities". --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

In this episode we begin to drill down into the self-funded conversation to look at the individual moving parts. Today's component is the Third Party Administrator, also known as a "TPA". Jennifer Morgan of Collective Health joined me to discuss what a TPA is, and the pivotal role they play in coordinating a self-funded health plan. Jennifer brings a wealth of brokerage knowledge to the table as well. --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

In this episode we begin to drill down into the self-funded conversation to look at the individual moving parts. Today's component is the Third Party Administrator, also known as a "TPA". Jennifer Morgan of Collective Health joined me to discuss what a TPA is, and the pivotal role they play in coordinating a self-funded health plan. Jennifer brings a wealth of brokerage knowledge to the table as well. --- Support this podcast: https://anchor.fm/spencer-harlan-smith/support

When evaluating a service provider in the retirement plan space, it is important for your SMB to affiliate with one that is TRANSPARENT, CONSISTENT, and most of all HONEST. Unfortunately, not every provider (and their representatives) in the marketplace exhibits these crucial character traits... Most employees out there are familiar with retirement plans, such as the 401(k). That said, as a business Owner, Manager, or Employee, you might not understand exactly how a 401(k) works. Of course, the more you know about 401(k)s, the more you'll be able to take advantage of those 401(k) benefits. We are joined by Dr. Ronald Stair, Principal at Creative Plan Designs, a Third-Party Administrator, who specializes in translating the complicated world of retirement plans, to the point where the picture can be drawn with a crayon!Tune in for this pragmatic conversation at TalkRadio.nyc or watch the Facebook Livestream by clicking here.Show Notes‍Segment 1Steven introduces himself and the show, then he explains small and medium businesses. He teases the audience about what the show executes and how he runs things. Steven starts by introducing the topic; today's topic of discussion is truly understanding the ‘Retirement Plan Rhetoric,' Steven mentions when evaluating a service or a service provider in the retirement field it is really important as a small or medium business. Steven then introduces today's special guest, Dr. Ronald Stair, founder and CEO, Principal at Creative Plan Designs. Ronald has been a consulting actuary for over 40 years and has been an external source, who specializes in translating the complicated universe of retirement plans. Dr.Ronald has many nicknames in his fields, above all else he is just obsessed with retirement planning and is passionate about people. Dr.Ronald and his team break down the constructs of different retirement plans and reconstruct them in ways that makes it easier to understand, his team specializes in decoding the confusing language and difficult numbers to help people clearly understand what they are signing onto.Segment 2This segment begins with Dr. Ron starts by introducing his puppy to the audience, Lola a 2 year old shih tzu. The two begin by talking about how the pandemic has changed the reality of the retirement industry, Dr. Ronald jokes about how the pandemic has actually brought him more clients. Dr. Ronald explains how marketing and attracting consumers during the pandemic actually went easier than he expected. However he gives us insight on what the company had to do a year ago when they started seeing what economic trends were prominent as the Covid-19 increased; Dr.Ronald explains that his team had to get on the phone with all of his clients to explain they should freeze their retirement plans, and they did end up freezing all but four retirement plans. Working with over 280 retirement plans, Dr.Ronalds clients trust his judgement and Steven even mentions that with only four who didn't, its evident that his clients hold a lot of loyalty. According to Dr.Ronald, there is a social variation behind most economical movements and decisions such as retirement plans and even tax deductions. He also mentions that the government has four agencies that are heavily involved in these decisions and movements.Segment 3After four decades of practicing actuarial science Ronald has seen an array of intriguing as well concerning things; as of late Dr.Ronald has been noticing accounts that are post retirement healthcare plans which are attached to a benefit plan, where the regulations were last touched on 57 years ago and this only works for large corporations and cannot work on a smaller scale. After diving deeper Ronald begins to talk about his relationship with various vendors, and how he has different agreements with different vendors - out of which some may have monetary association within the relationship and some don't. Steven then describes working in financial services as a “Jack of all trades but a Master of none” which is a figure of speech used in reference to a person who has dabbled in many skills, rather than gaining expertise by focusing on one - Steven explains how people in the industry would try very hard in dabbling in all types of field, however the field has developed and change and now it is not a field that one can dabble in anymore. Dr. Ronald agrees with Steven and says that he gets indecisive and unsure clients all the time, and he says to them “tell me what you are trying to do and I will tell you how to get there.”‍‍Segment 4Steven and Dr. Ronald get right into talking about the weekly take away of the show, and what is the important message that listeners should take seriously as they progress through their professional careers. Steven says that it is important to partner with some in the retirement industry who can properly decode messages, present truthful information and some who will get to know you as a person and strive to give you the tools to understand the retirement industry better. Dr. Ronald believes that these aspects are crucially important, according to him people don't know they have choices - they think all they have is a 401K plan. Steve diverts the conversation to talk about the weekly favorite movie and tv character. Steven queues ‘The Entrepreneurial Web' and thanks Frank for being on the show. Steven introduces next week's topic and says goodbye.

Glen is the owner and director of NuView Trust, a leading custodian of self-directed IRA plans. He also operates NuView IRA, Inc. a Third-Party Administrator for self-directed IRAs and Retirement plans. His companies provides custody and recordkeeping for over 1 $Billion in IRA assets. His background as a business strategy consultant, combined with a long history of personal retirement self-direction, provides his audiences and clients with solid advice and practical solutions to their IRA investment questions. Glen holds a BS in Business Administration from Southern College and a Masters Degree in Systems Management from the University of Southern California. Glen has also earned the prestigious Certified IRA Services Professional designation through the Institute of Certified Bankers. Glen speaks across the country, and provides continuing education seminars to Attorneys, CPAs, real estate and mortgage professionals about the power and possibilities of IRA self-direction. He has also appeared as a guest speaker on local and national investment radio shows and at local and national conferences including Coldwell Banker Commercial’s National Conference. Over the past nine years, Glen has taught eight hour sessions on self-directed IRAs for the Lorman Institute (CLE), many two hour sessions on 401(k) plans, Health Savings Accounts and non-traditional investments in IRAs. He is looked to as a subject matter expert on IRS rules and regulations on initiating, holding and disposing of investments outside of the stock market.

I had an amazing conversation with Dr. Ronald Stair from Creative Plan Design. If you are looking for some ideas on how to approach the retirement industry as an advisor, wholesaler, or administrator this is the right podcast for you. Connect with Ronald here on Linkedin. --- Send in a voice message: https://anchor.fm/401klub/message

Let's face it, insurance agency owners are business owners and it is SO easy to spend excessive amounts of time working in the business, instead of on the business. In this episode, Andy Pooser discusses some rules and regulations behind 401(k) plans, the benefits of the plans, and reasons why a good Third Party Administrator is essential to ensure compliance to IRS guidelines. If you would like to discuss your current retirement plan or a new retirement plan, please email David@parallelfinancial.com and we can arrange a time either in person or via zoom for a 20 minute conversation. Also, be on the lookout for details about our upcoming virtual summit! --- Send in a voice message: https://anchor.fm/financially-covered/message

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk with Melissa Terito, CPA, Partner and Third-Party Administrator at Sentinel Pension about some frequently asked questions that plan sponsors have been reaching out to her with.   Episode Highlights:   00:37 – Bill Bush and Andy Bush introduce Melissa Terito. 01:21 – How does COVID-19 sick pay play into what is counted as wages? 02:57 – When can a participant get back in after dropping below zero on                          referrals? 04:31 – What can be done with plans that have safe harbor contributions? 06:42 – What if more than 20% of the employees are terminated, does that                          mean that everyone becomes 100% vested in the plan?  07:36 – Can you pre-fund retirement contributions to an unallocate account? 08:52 – If a plan didn’t adopt the coronavirus-related distribution or the expanded loan provision, but a participant wanted to take a distribution, could they still do that and classify it as a coronavirus distribution?  11:22 – Where is the talk of a triple contribution limit increase coming from? 14:28 – Melissa has been impressed with her team at Sentinel.     3 Key Points:   With the Family’s First Coronavirus Response Act, if an employee qualifies for sick pay, those wages are subject to 401(k). Once you suspend your safe harbor, you no longer have the top-heavy relief, which means you may have to make at least a 3% contribution. Communication with clients is highly important, especially during the uncertainty caused by the pandemic.   Tweetable Quotes: “The Family’s First Coronavirus Response Act basically expanded on sick pay that you have to pay employees in family medical leave.” – Melissa Terito “First, and foremost, if you have received a PPP loan and you are making your safe harbor match on a per-payroll basis, keep making the match, because those benefits are included in your PPP loan.” – Melissa Terito “A partial plan termination is going to be based upon the entire plan year.” – Melissa Terito     Resources Mentioned: Inside The Plan with the 401(k) Brothers-- Discover more about the Podcast Horizon Financial Group   Contact Information: bbush@horizonfg.com Abush@horizonfg.com   Linkedin - Linkedin for Melissa Terito   Sentinel Pension Contact Information: Phone: (225) 300-8478 401(k) Email: 401k@chooseSentinel.com Website: choosesentinel.com

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk with Melissa Terito, CPA, Partner and Third-Party Administrator at Sentinel Pension about plan sponsors, issues they are facing during the COVID-19 pandemic, and the CARES Act.   Episode Highlights:   00:39 – Bill Bush and Andy Bush introduce Melissa Terito. 01:08 – Plan sponsors have new measures to adapt to with the CARES                          Act. 01:55 – What types of calls is Melissa Terito receiving from clients? 02:25 – A lot of clients have contacted Melissa Terito about payment                          protection.     02:55 – What is involved in this CARES Act special coronavirus-related                          Distribution to qualify? 04:16 – What kind of limits are involved for what an employee can take? 05:07 – The employee is going to self-certify. 05:59 – What are the pros and cons of the distribution provision. 07:36 – Budget the best you can and try to only take out a little bit at a time. 09:11 – Are plan sponsors going to be the ones issuing the form to get the                          money? 10:28 – You can pay the distributions back in three years like a defacto                          loan. 11:16 – How does the Special Loans provision of the CARES Act work? 13:22 – You are still a fiduciary and you still need to abide by your duties. 14:12 – Have good communication with your employees. 14:43 – What can employees do about the employer match and the                          employer contribution during these times? 17:03 – They discuss the Paycheck Protection Program. 19:32 – Dentists and elective surgeries have been hit hard by COVID-19. 20:44 – What deadlines are in place?     3 Key Points:   To qualify for the CARES Act coronavirus distribution you must either be diagnosed with COVID-19, have a spouse or dependent diagnosed with COVID-19, or have experienced adverse financial consequences as a result of a quarantine, furlough, layoff, or reduction in work hours. Through the end of 2020, an employee can take up to $100,000, spread out over more than one time if needed, from their vested account. That would be prorated for taxes or a 3-year time period, unless the participant elects otherwise, and they have the option to roll it back into the plan as an indirect roll-over within 3 years. Try not to overreact to the pandemic and overspend your retirement.   Tweetable Quotes: (CARES Act) “Right now we have about 10% of our clients who have even asked about it and about 5% who have adopted either one of the provisions or both of them through the CARES Act.” – Melissa Terito (CARES Act) Most times, plans only allow hardships for employees that are still employed or participants that are still employed, and anyone can take this type of distribution, whether they are employed or not.” – Melissa Terito “There is no notice requirement when you adopt these provisions because you actually haven’t formally amended the plan. Now, I think it is nice to let your participants know that you adopted it.” – Melissa Terito     Resources Mentioned: Inside The Plan with the 401(k) Brothers-- Discover more about the Podcast Horizon Financial Group   Contact Information: bbush@horizonfg.com Abush@horizonfg.com   Linkedin - Linkedin for Melissa Terito  

Guest Crystal Sears of Azalea Administration joins Josh & Jay to discuss all the services her TPA business provides, and the importance of getting these services right.   About Every Dollar Counts Every week Jay Stubbs and Josh Null will draw on their combined 30 years of experience to break down and explain the investment and insurance products and services available to folks that are serious about their financial plan.

As a business owner, do you understand the core elements of your company's retirement plan and what a third-party administrator (TPA) can bring to the table? Today's guest, Doug Hoefer, is here to answer your questions. Doug has over 20 years of experience in the retirement planning industry and has worked with Larry on several … Continue reading Episode 49 – 401(k) Plans: What You Need to Know About a Third Party Administrator (TPA) — With Doug Hoefer →

Monte Larrick is joined by two Colorado residents and marijuana experts in their respective fields to discuss why Illinois should slow down on marijuana legalization and their personal experience and observations from their state. Dr. Karen Randall is an emergency medicine physician in Pueblo, Colorado and is affiliated with Parkview Medical Center. She received her medical degree from Des Moines University College of Osteopathic Medicine and has been in practice for more than 20 years. She holds a certificate in Cannabis Science and Medicine from the University of Vermont. Jo McGuire is the executive director of the Board of Directors for the National Drug and Alcohol Screening Association and advocates for safe and drug-free workplaces worldwide. She is also a Certified Professional Collector and Trainer (CPCT) and a Certified Designated Employee Representative Trainer (CDERT), who consults and trains professionals overseeing Safety Sensitive Employees in the compliance of federal DOT guidelines for drug and alcohol screening programs. Jo also assists educators with classroom and assembly-style presentations, aimed at youth drug prevention, and parent awareness and education.  She also serves as the Senior Project Manager for TSS, Inc. a Third Party Administrator in the drug testing industry.

In this episode, our hosts interview Third Party Administrator, visionary, and industry expert – Caprock Healthplans’ own Executive Vice President, John Farnsley – as we review some of his recent talking points, cover where he thinks the industry is headed, and dissect the biggest issues he thinks will impact everyone involved.

Somewhere in the lifecycle of most retirement plans, employers are faced with the inevitable decision, should I bundle or unbundle the administration of my plan?  There are several different perspectives on that question and some important considerations that employers should keep in mind.  To help sort though this, I was excited to welcome back Doug Van Galder, he would call himself a recovering Third Party Administrator and is now a compliance analyst with the ERISA law firm Boutwell Fay.  During our conversation we define the difference between recordkeeping and administration, discuss the profiles of groups who are more to unbundle administration and leave everyone with a few more thoughts to help guide you through the inevitable decision to bundle or unbundle the administration of your retirement plan.  Guest Bio Douglas Van Galder is a Compliance Analyst who is committed to the favorable tax-qualified status and success of the private and public pension systems in America. Therefore, Doug assists Boutwell Fay LLP Clients and their service providers in properly administering retirement plans that remain compliant and deliver the intended benefits. Boutwell Fay LLP is a highly rated, women-owned law Firm specializing in employee benefits and ERISA. We have seven Attorneys with Offices in Newport Beach, CA and New York City, NY. Boutwell Fay LLP is the only boutique law firm in Orange County, CA that focuses exclusively on employee benefits and ERISA. The Firm provides high quality legal services normally associated with large law firms, while its smaller size allows us to be more accessible to our Clients and more responsive to their needs. The Firm helps Clients with legal issues that arise in the context of: Qualified and Non-Qualified Plans, Health and Welfare Plans, Plan Corrections and Government Audits, ERISA and Fiduciary Consulting and ERISA Claims and Disputes. In his capacities as a Compliance Analyst, Third Party Administrator (TPA), Record Keeper, Executive, Plan Sponsor/Trustee and Fiduciary Administrator, Doug has amassed 34 years of experience in the intricate business development, compliance and consulting aspects of retirement plans. Most recently, Doug was an Executive Vice President with both QBI, LLC and Fiduciary Administration, LLC serving as Defined Contribution Practice Leader and a Fiduciary Administrator, respectively. He previously founded and was the President of Strategic Pension Services, Inc. (SPS), where he led expert teams of Consultants and Administrators. SPS was acquired by QBI, LLC in January of 2015. Doug is an Enrolled Retirement Plan Agent and earned the American Society of Pension Professionals & Actuaries' designation of Qualified Pension Administrator. He is also the President for the Orange County Chapter of the Western Pension & Benefits Council. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your workplace retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 100 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

In the previous episode, Stefanie Cantu explained what the Producer, Adjuster, and Surplus Lines licenses are. She discussed which license is meant for whom, some of the standard requirements, and why people should get licensed. She also talked about different scenarios involving having the wrong license as well as some of the common mistakes made by those who want to get a license.  Today, Stefanie puts the spotlight on “specialized” licenses. She briefly discusses the similarities and differences between each one, the kinds of requirements involved, and their importance. She also highlights some of the hurdles that may delay or prevent the issuance of a license and why specific licenses can take months to be released.  “It might seem like a lot of money upfront to get a license issued, but in the long run it's going to be beneficial.” – Stefanie Cantu  Today on Spot On Insurance:  What is a TPA, or Third Party Administrator, license? Who would need a TPA? What is a Managing General Agent license? The general timetable for getting licensed. The kinds of requirements in getting a license. What is a Limited Line license and who needs it? What are Risk Retention Group (RRG) and Risk Purchasing Group (RPG) licenses for? The obstacles clients face when it comes to specialized licenses? Her thoughts on those who hesitate on getting licensed for other states.  Key Takeaway: Every state has different rules and regulations regarding TPA licensing. Both MGA and TPA are not commonly offered electronically, and can take weeks or even months to get them issued. You can't extrapolate requirements from one state what you'll need in another one. Connect with Stefanie Cantu Insurance Licensing Services of America Email: scantu@ilsainc.com Phone: 254 729-6139  This episode was brought to you by…  Spot On Insurance is brought to you by Insurance Licensing Services of America (ILSA), America’s Premier Insurance Compliance and Licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.  Connect, Learn, Share  Thank you for joining us on this week’s episode of Spot On Insurance. For more resources and episodes, visit SpotOnInsurance.com. Subscribe so you never miss an episode. Love what you’re learning, Spot Light your review on iTunes and share your favorite episodes with friends and colleagues!    

It's the day after July 4th and we're back with a BANG! (Get it? A BANG? You know? Fireworks? Oh, nevermind...) When we first started The Clarified Realty Podcast, we promised that we would be learning right alongside all of you. This episode is definitely no exception. We're talking with Cheryl Courtney of Polycomp Administrative Services who has over 20 years of retirement planning experience. Cheryl starts off by talking to us about her role as a Third Party Administrator and what that has to do with Real Estate in general. She explains to us how someone can own Real Estate as part of a retirement account and what other financial vehicles can be used to house Real Estate investments. She gives an introduction to REITs (Real Estate Investment Trusts), which are a lot like mutual funds for properties -- as well as what their pros and cons can be. We talk briefly about how someone can borrow (briefly) from their 401K in order to purchase a home and we wrap up with a discussion about how business owners who are used to spending all their money to re-invest in their companies can structure their 401k plans to put away large sums of retirement in a shorter period time when they need to. I'm not ashamed to admit that I learned a lot during this episode and I'm pretty certain that if I did -- you will, too. Please give it a listen and let us know what you thought. And, as always, we'd always appreciate if you'd take a moment and give us a review on iTunes!

LISTENUPSHOW Startup Round JD Carlson CEO of Plan Design Consultants their motto and service model: Rockin, Smart, Easy, and Awesome. JD is the host of Retireholi(k)s, Father, Husband, Surfer. Located in San Diego Carlsbad, California. A former professional surfer and now focused entrepreneur. Proud and motivated to take this his family's company to new levels, he lives, breathes and sleeps retirement plans. He is leading PDC's charge of becoming a new kind of TPA that is disrupting the status quo and inventing a better client/advisor experience. JD leads his team of PDCers into their 5th decade as a Third Party Administrator for retirement plans. They embrace a smart, easy process centered on the needs of our clients. As an independent company, client advocacy is a major strength of our firm. We partner with Financial Advisors to offer our mutual clients the very best in options. A strong understanding of fees and services allows PDC to help clients find the perfect fit. PDC is reinventing what it means to be a Third Party Administrator. We challenge the status quo by inventing new ways that improve and modernize the client experience. He writes a retirement plan blog not like many others you might read, it's at www.four01k.com He also hosts a webshow called Retireholi(k)s, they are laid-back videos on 401k retirement plan industry topics. Geared towards Financial Advisors that are used to suffering through boring corporate webinars. JD brings a youthful insight, energy and results to the company. He learned from his father quickly and over time the company went from joint control with his dad to now JD being fully in charge. The Financial Advisors who call upon JD and his wife Tracy and their marketing/consulting team will get everything they need in proposals, competitive analysis and point-of-sale support to do a great job for their clients and prospects. JD is a walking encyclopedia of competitive industry knowledge. Plan Design Consultants, Inc. is now being run by JD now that his father the founder has retired. JD's father started the business back in 1975 and today they have over 24 other seasoned retirement plan professionals. Wrap up Round Retireholi(k)s four01k.com retireholics.com plandesign.com YouTube Channel Platform: mitchellchadrow.com/youtube mitchellchadrow.com/youtube047

Rob Crowder, CEO and Founder of The Benefits Trust, a Third Party Administrator offering alternatives to traditional employee benefit plans for small and mid-sized Canadian businesses, joins me to talk about how he helps employers create and keep the specific and significant promises they want to make to employees and their families.

This is our second episode where we tackle the ins and outs of retirement plan discrimination and compliance testing.  The first episode we released a few weeks ago hit on some of the core concepts around discrimination testing and laid five strategies to improve your results.  Today, we pick up where we left off with the last episode and address some more complex concepts around discrimination testing.   Thankfully, I have Chad Johnson, a fellow admitted 401(k) nerd, and Third Party Administrator with Plan Design Consultants to help us out.  Over the years I have had numerous conversations with retirement service providers of all shapes and sizes on M&A, Control Groups, Grace Periods and Discrimination testing.   In my humble opinion, I think Chad provided one of the better explanations of all this that I have heard!    Let me know if you agree, disagree or if we missed something you have questions about, shoot us an email at info@401kfridays.com.     Guest Bio Chad Johansen is a self-proclaimed retirement-plan-aholoic. As a frequent speaker at the 401(k) Academy, Retireholi(k)s and other national venues, Chad is passionate about helping advisors and plan sponsors understand the intricacies of the 401(k) market place. Chad takes great pride in translating complicated retirement into 401(k) EasySpeak with the goal of creating educated and confident decisions. ​ Chad joined Plan Design Consultants, Inc. in March 2010. As an Internal Retirement Plan Consultant, Chad was assigned to advisor support throughout Northern California. Chad was also responsible for producing the PDC comprehensive retirement plan comparative analysis and aided in vendor research, product knowledge and PDC marketing efforts. In January 2011, Chad made the transition as our External Retirement Plan Consultant covering the California territory.  In 2014 Chad joined in ownership of the firm and was promoted to Sales Director now acting as a player/coach to the PDC Sales Team. ​Chad also sits on the Board of Directors for The Kyle MacFarlane Foundation. In partnership with legendary bike builder Arlen Ness, Stanford Medical and Victory Motorcycles the foundation is teaming up to build a “Hands on Nutrition”  motorcycle to raise awareness to the many stomach conditions plaguing Americans. Chad earned his Bachelors of Science Degree in Business Administration from William Woods University in Fulton, Missouri. While attending WWU on a baseball scholarship Chad excelled in both business and finance. He was honored as Business Student of the Year and graduated summa cum laude.  Chad and his wife Brooke live in San Jose, California and recently welcomed their second child. They enjoy being outdoors, golfing and skiing/snowboarding.   401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over fifty prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!

Cincinnati Business Talk highlights the positive side of Cincinnati area businesses. We will be talking to CEOs and authors who have won awards, innovated with new products and services. Today's guest is Christy Brown, COO & Erin Rosiello, VP of CompSource TPA, Inc. and iReportSource. Christy & Erin will share their perspectives and insights on current HOT business issues in the area of Ohio Workers Comp. and her new product iReport. While working with employers as a Third Party Administrator with CompSource, Christi recognized a real gap in processes not only in workers’ comp reporting, but the safety data collection in general.  This became her focus in January of 2015 and thus, iReport was born.  Her mission is to help safety, HR, and risk managers streamline their process and achieve operation excellence.  iReport is a tech start-up with an app and web portal for employers. The show streams live on Friday July 22nd at 4 PM. Listen to this link: http://tobtr.com/9113715 You can listen to the show on Apple iTunes as a Podcast. You can add the podcast at:   http://www.blogtalkradio.com/Cincy-Business-talk.rss You can add Cincy-Business-Talk as an RSS feed to your Outlook email program. The exact feed http://www.blogtalkradio.com/Cincy-Business-talk.rss

A significant number of Private Investigators operate a business. As business owners, it is essential to collect and evaluate all available information to make daily decisions. Employee Benefit Plans are no exception. Utilizing an independent analysis of a medical plan can reduce health benefits costs and provide a better structure to maintain, manage, and control costs. F. Randall Childers is an expert in this area. Tune in to get a better understanding of employee benefit health plans and gain insight into information that gets provided by agents, brokers, consultants and contract administrators.

Population Health Management The notion of working to improve a population’s awareness of wellness and disease is not new. For decades we have sought to reduce risk factors for cardiovascular disease, including reduced smoking rates, early detection for cancers, and decrease obesity (not to mention containing healthcare costs) But with improving data capabilities, interoperability between […] The post Population Health Management appeared first on Business RadioX ®.