CILs as Financial Management Service Providers: Part 2: Models of FMS: June 18, 2014

Did you know that 97% of consumer-directed programs use a third-party to handle payroll, taxes, insurance, etc.? Many Centers for Independent Living offer Financial Management Services (FMS) to their consumers and are paid for their efforts. If you’re interested in providing FMS to your consumers, this two-part teleconference and webinar is for you. Offering FMS to your consumers helps them stay in compliance and focused on managing their services and attendant(s). Learning Objectives Upon completion of this webinar series, participants will have knowledge and resources that will enable them to: •Describe benefits of CILs becoming Financial Management System (FMS) providers •Identify preparation steps for involvement in FMS - administrative, financial, and programmatic •Maintain consumer-direction (participant direction, self-direction) in the provision of FMS •Explain the difference between Fiscal / Employer Agent model and the Agency with Choice model •Describe the difference between FMS and regular payroll functions •Identify future opportunities for private pay participants to hire their own workers and implications for CILs