EXPECT THE BEST. BECOME A LEADER.
Overview of ECFC Training and Certification
Flexible compensation is constantly evolving as new regulations, laws, and interpretations affect the discipline. Leading flexible compensation professionals submit to a rigorous program of study and agree to adhere to the highest ethical and fiduciary standards.
Become a leader and develop your skills, knowledge, and expertise through ECFC’s certification program.
Executive Summary of the Survey to ECFC Certified professionals | June 2013
ECFC conducted a survey of individuals who hold a certification as a FCS, CFC, CAS, ACFC, CFCI, and/or ACFCI, and results of that survey are provided as an executive summary and are being used by the ECFC Education Committee to plan ongoing and new programs to meet the needs of certified individuals.
Flexible Compensation Specialist (FCS):
Train frontline customer service staff on FSAs, HRAs, and HSAs.
The three part FCS program consists of three downloadable, prerecorded conference sessions, each about 60 minutes in length. The course is designed to help participants prepare for the FCS certification exam. The FCS examination consists of 75 multiple-choice questions, is a 3-hour exam and is graded instantly! The cost of the FCS online course is $295 for members ($590 for nonmembers). The price of the course includes 6 ECFC CE units.
FCS Exam Fees:
Certified in Flexible Compensation (CFC)
Designed for 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:
- Flexible Spending Accounts
- Claims Management and Payment Cards
- Consumer Driven Healthcare: Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs)
- Legal Requirements
- Plan Discrimination
- Documentation and Filing Requirements
- Transit and Parking Plans
- HIPAA and COBRA
The eight-part CFC program consists of eight downloadable, prerecorded conference sessions, each about 60 minutes in length. The course is designed to help participants prepare for the CFC certification exam. The cost of the FCS online course is $699 for members ($1,398 for non-members).
CFC Exam Fees:
Advanced Certification in Flexible Compensation (ACFC)
Designed for those involved in all aspects of the flexible compensation field and who have a mastery of the more technical aspects of the industry,
The Advanced Certification in Flexible Compensation requires a mastery of four topic areas, in addition to the fundamental eight domains of the CFC program:
- Best Practice Case Studies
- Employee Benefit Plan Audits
- Plan Communication Techniques
ECFC is offering its “teach-to-the-test” webinar series the 1st and 3rd Wednesdays of the month, starting April 6, 2016, through July 20 at 11:30 am-1:00 pm ET. Sessions are designed to help candidates prepare for the ACFC exam. The eight 90 minute sessions will be taught by a member of the ECFC Education Committee and will include an opportunity for questions and answers following the prepared program each month.
Each webinar provides 1.5 FCI Continuing Education (CE) units. All sessions are recorded. The cost of the ACFC Live Webinar course is $990 for members ($1,980 for non-members).
ACFC Exam Fees:
Instructor Programs: CFCI
Professionals who already carry the CFC designation and are committed to training future leaders in the field should consider upgrading their designations from CFC to Certified in Flexible Compensation Instruction.
To upgrade, one must have:
- Held the CFC designation for at least one year
- Have at least 5 years’ experience in the industry, and
- Have record of at least 22 Continuing Education units (you cannot utilize CE units that were utilized for recertification or initial exam CE units).
No exam is required for the CFCI upgrade. The applicant simply completes the CFCI upgrade application and provides verification that s/he has fulfilled the requirements. If the applicant meets the requirements, s/he will be awarded a certificate, a lapel pin, and the right to carry the CFCI designation after her/his name. S/He is now certified by Flexible Compensation Institute, LLC, a wholly owned subsidiary of ECFC, to teach flexible compensation courses. Courses led by those certified as CFCIs will be recognized as eligible to provide continuing education units to both the instructor and attendees.
The CFCI Upgrade fee for ECFC members is $225. The CFCI Upgrade fee for non-ECFC members is $450.00.
COBRA Administration Specialist (CAS)
Designed for professionals who frequently engage in COBRA administration, the COBRA Administration Specialist designation is the first specialty designation offered by the FCI, LLC, and deals specifically with the challenges of administering COBRA and its myriad rules and regulations.
The CAS designation requires an understanding of six domains within COBRA:
- COBRA Basics
- COBRA Eligibility
- COBRA Premiums
- COBRA application to HRA and FSA
- COBRA and business reorganization and retiree issues
- COBRA interaction with other laws
The cost of the CAS online course is $699.00 for members (Nonmember - $1,398).
CAS Exam Fees:
Advisory Council, Advisory Council - Board, Associate,
Board, Guest, Individual, Non-Profit, Plan Administrator/Consultant/Service Provider, Plan Sponsor Corporate - $699.00
The FCS, CFC, and CAS are administered by the Flexible Compensation Institute, LLC, a wholly owned subsidiary of ECFC.