Our Designated Account Managers Are Happy to Share Their Expertise

Have you ever noticed the three characters, CFC, behind many of our health and welfare account managers' names? Have you ever wondered what it means? 

What does CFC stand for? CFC stands for Certified in Flexible Compensation. This designation is earned by professionals who are involved in all aspects of the flexible compensation field. The Certified in Flexible Compensation designation requires an understanding of eight main topics within flexible compensation:

1.      Flexible Spending Accounts

2.      Claims Management and Payment Cards

3.      Consumer Driven Healthcare: Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs)

4.      Legal Requirements

5.      Plan Discrimination

6.      Documentation and Filing Requirements

7.      Transit and Parking Plans

8.      HIPAA and COBRA

To apply for the CFC designation, one must have at least three years (36 months) of experience in the employee benefits industry. Alliance Benefit Group North Central States, Inc. (ABGNCS) currently has 6 staff members certified in the CFC designation.   

These designations hold us to high standards and help us maintain our high level of knowledge. ABGNCS is an administrator of health savings options. We’re dedicated to helping employers contain benefit-related costs while enhancing the quality of service to their employees. ABGNCS provides the following services for tax-favored health saving accounts:

-Health Savings Account (HSA)
-Health Reimbursement Arrangements (HRA)
-Flexible Spending Accounts (FSA)
-Transportation Spending Accounts (TSA)

With a commitment to maintaining expert professionals and state-of-the-art systems, ABGNCS will help you achieve measurable results. 

The Author: Michelle Hintz, CFC

Health & Welfare Manager
abgncs.com/hsafsahra
mhintz@abg-mn.com

Disclaimer: This blog is of an informative and educational nature, and should not be considered legal, financial or operational advice. Please contact the appropriate parties for those services. Thank you.