Legal and Tax Implications of Incentive Program Design (Audio Conference)

Engagement Strategies That Work

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  • Price: $259.00
  • Price: $259.00

Product Description:

AUDIOCONFERENCE ON CD OR AUDIO ON-DEMAND

Sponsored by Disease Management Advisor

presented on May 13, 2008

Click here to listen to a brief audio clip with speaker Michael Dermer

Incentive programs for health plan subscribers are becoming increasingly popular and provide a variety of benefits to both the individual and the provider. Individuals gain because they increase their healthy behavior and are generally rewarded financially with either cash in their pocket, a reduction in costs of their health care coverage, a contribution to their flexible spending account, or a prize or gift. Health plans and employers win because incentive programs encourage customer loyalty and healthier participants, which lead to reduced healthcare costs and increased productivity in the long run.

In the wake of increased frequency of incentive programs, compliance standards must be met. Health plans, disease management programs, and wellness companies need to be aware of their legal responsibilities. Incentive based programs must be designed to meet ADA, ERISA, Internal Revenue Code and HIPAA compliance.

Speakers in this audioconference discuss factors to consider for designing and structuring new or existing health focused incentive programs. They point out best practices, along with providing legal compliance advice for your reward program. They provide examples of behavior that will raise red flags with the various regulatory statutes and focus on strategies to avoid doing so. They also discuss scenarios which could create tax repercussions to both the provider and the beneficiary of the incentive.

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ORDER CODE: G051308D
SOURCE CODE: EHCM