Dependent Verification
Dependent Verification is the process of verifing the eligibility of employees’ dependents for all benefit plans. The verification protects all employees' benefits by ensuring that ineligible dependents are not covered through error or change of circumstances.
Why Perform A Dependent Verification Audit?
- Research indicates 2% to12% of employees have ineligible dependents enrolled
on Corporate health plans
- Escalating health care costs
- Significant savings your organization can realize immediately
- Employers can save 2% to 5% of their overall health care expenditures
- The likelihood of ineligible dependents is on the rise
- A dependent eligibility audit will identify ineligible dependents so they can be
removed from your plan
- In most organizations, the initial savings alone is more than enough to justify the
expense to conduct the audit
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