Did you know about 5% of dependents are ineligible at any point in time?
Did you know removing ineligible dependents translates into 2% - 3% lower claim costs?
Do you think working spouses with other insurance are burdening the plan?
Wouldn't it be great to enjoy these savings only by reviewing supporting documentation from 5% to 10% of the audit participants?
If you answered "yes" to any of these questions, you should be interested in our minimally-invasive dependent verification services.
Rather than collect supporting documentation from all employees enrolled with at least one dependent our "white glove" solution only requires "suspicious" employees to provide dependent proof. Said another way, your employees simply have a human-to-human conversation with our dependent verifiers. All it takes is about 5 minutes and employees find out right away if they've passed or failed. In this era of employee engagement doesn't this make sense?
We also offer 100% proof if you are looking for a more-invasive, less employee-friendly approach.
If you're not sure whether or not an audit makes sense, our 15 years of dependent auditing experience can help you calculate a realistic savings based on a combination of census and claims data (for self-insured plans).
Unlike other firms that only offer fixed-fee terms or limited ROI guarantees, we also offer success-based terms or aggregate ROI guarantee arrangements as high as 5X in the same year!
By outsourcing dependent verification to us clients can get peace-of-mind knowing the HR Best Practices team is on the job! Please contact us now to learn more.