Healthcare Horizons is always looking for cost-containment opportunities for our clients and that’s why we rely on our dependent eligibility partners for your dependent audit needs.
Dependents make up 70%+ of employer benefit costs, but on average 4-8% of claimed dependents are ineligible.
A Dependent Eligibility Audit reduces wasteful spending and improves plan compliance. Removing ineligible dependents from your plan today will result in immediate savings and in the long-term, both on claims and premiums.
Why do companies verify Dependent Eligibility?
While each organization is different, companies will usually conduct a dependent eligibility audit for two key reasons:
Cost Reduction
Companies often attempt to Eliminate health care spending on ineligible dependents through a Dependent Audit.
Compliance
Companies must stay in compliance with a variety of regulations including ERISA and Sarbanes-Oxley.
Contact us today for more information.