Self Insurance Certified Specialist ®

Self Insurance Certified Specialist® , created in conjunction with the Self Funding Employer Association (SFEA), is a certification of expertise that requires 8 learning modules totaling ~8 hours of education and can be completed either live in-person at our annual conference or online through our digital learning platform. In order to maintain certification after the required training, Self Insurance Certified Specialists® must complete 5 hours per year of continuing education credit to stay up to date with the best practices and standards in the industry.The self funded industry is expected to have significant growth in the future. As organizations continue to grapple with controlling their insurance costs, more large, mid-size and smaller organizations are looking at self funding their benefits.  Earn up to 14 SPHR Re-Certification Credits

The Self Insurance Certified Specialist® was created for:

  • HR Professionals
  • Insurance Agents
  • Brokers & Consultants
  • Insurance Professionals
  • Healthcare Professionals
  • Other Industry Professionals

Benefits for Employers/Corporations:

By requiring or covering the expense of certification for your staff, you are ensuring that your staff has the most updated policies, rules and regulations and that current best practices are implemented in regards to self funded employee benefits plans and compliance. Self Insurance Certified Specialist® staff can help your organization maintain a competitive edge.

What you will learn to become a Self Insurance Certified Specialist® :

  • What types of benefits should be self funded
  • The advantages and disadvantages/risks of self funding
  • How aggregate and specific stop loss/reinsurance works
  • How cash flow works and the control of reserves – return of investment on reserves
  • Control and flexibility in plan design, plan document creation & excluded benefits
  • Compliance and legal issues
  • Claims experience
  • Claim utilization and cost controls
  • Transparency issues with costs and vendors/service providers
  • Provider networks
  • Managing a prescription drug program
  • How to choose a TPA, Reinsurer, PBM and other vendors/service providers
  • And more…

The Self Insurance Certified Specialist® program is provided to professionals who:

  • Pass a challenging 100 question exam
  • Satisfy educational requirements
  • Update their self funding specialty credentials through continuing education courses required in order to maintain Self Insurance Certified Specialist® designation

Recertification Policy: 

    • Self Insurance Certified Specialist® certification expires 2 years after date of issue
    • Recertification fee of $500 after 2 years
    • 10 Total Hours of continuing education required per (2 year) recertification period
    • Annual fee of $100 per year to maintain certification and gain access to online continuing education resources

 For more information, please contact us at [email protected] or call 561.790.1176