FCS Study Program

FLEXIBLE COMPENSATION SPECIALIST (FCS) – Session Descriptions.
Includes Four Self-Paced Online Courses 


FCS Course One: Flexible Spending Accounts (FSA)
Upon completion of this course, participants will be able to:

·      Understand the basics of IRS Code Section 125
·      Understand the flexible spending account (FSA) options and eligibility rules
·      Understand General Purpose Health Care FSA, Limited Purpose Health Care FSA, Post HSA
·      Deductible Health FSA
·      Understand Dependent Care FSA
·      Understand Premium Reimbursement Accounts
·      Understand how health care reform impacts FSAs
·      Understand HIPAA and COBRA as it relates to Health Care FSAs
·      Understand general election, change of election rules as it relates to FSAs
·      Understand general FSA claims filing rules


FCS Course Two: Claims Management/Debit Cards
Upon completion of this course, participants will be able to:

·      Understand proposed IRS Code Section 125 regulations relative to FSA claims and debit cards
·      Understand regulatory requirements on FSA claims and debit cards
·      Understand Health FSA requirements
·      Understand health care reform impact on Health FSA claims
·      Understand Dependent Care Assistance (DCAP) claim requirements
·      Understand Payment/Debit Cards


FCS Course Three: Consumer Driven Healthcare-Health Reimbursement Arrangements (HRA)
Upon completion of this course, participants will be able to:

·      Understand what is consumer-driven health care
·      Understand what is a health reimbursement arrangement (HRA)
·      Understand what compliance issues can arise with HRAs
·      Understand HIPAA and COBRA as it relates to HRAs
·      Understand HRA eligibility
·      Understand HRA plan designs
·      Understand HRA claims rules
·      Understand CMS reporting for HRAs
·      Understand why you should have an HRA
·      Understand how health care reform impacts HRAs
·      Understand Qualified Small Employer HRA (QSEHRA)

FCS Course Four: Consumer Driven Healthcare-Health Savings Accounts (HSA)
Upon completion of this course, participants will be able to:

·      Understand what is consumer-driven healthcare
·      Understand what is a health savings account (HSA)
·      Understand what is a qualified high deductible health plan (HDHP)
·      Understand HSA eligibility and disqualifying coverage
·      Understand HSA contributions limits and methods (employee only, employer only or combination)
·      Understand HSA distributions
·      Understand HSA penalties
·      Understand HSA reporting requirements
·      Understand differences between HSA and HRA
·      Understand how traditional benefits interact and become compatible with HSA-Avoiding HSA headaches
·      Understand what compliance issues can arise with HSAs
·      Understand how health care reform impacts HSAs

This FCS Study Program comes with 6 CE Units.

Instant Download Purchase: $295 Member | $590 Non-member

 

You can purchase the Study Program in the Course Catalog through the MY LEARNING link at the top navigation bar.

 

 



The FCS, CFC, ACFC and CAS are administered by the Flexible Compensation Institute, LLC, a wholly owned subsidiary of ECFC.