Reserve funds key to keeping health plans fiscally fit.
To avoid an economic roller coaster ride, plan sponsors should establish an appropriate financial reserve during the good times to provide a safety net during the bad. Because no law expressly requires multiemployer health funds to maintain reserves, each fund's needs should be determined by its trustees, in consultation with professional advisors. This article explores the role of reserves in helping plans to prepare for various needs and contingencies.
Blumenstein
David
D
Segal Company, San Francisco, USA.
Smith
Jordan
J
D005376:Financial Management / Q000379:methods*; D006264:Health Benefit Plans, Employee / Q000191:economics*; D006301:Health Services Needs and Demand; D012456:Salaries and Fringe Benefits / Q000191:economics*; D014341:Trustees; D014481:United States