Dependent Eligibility Audit
How can you mitigate risk? As an organization to keep costs under control you are going to be faced with this challenge. Superior Benefit Plans offers the following strategies to mitigate your risks:
Are the dependents on your plan ALL eligible to be on your benefits? What safety measures do you have in place to gaurantee that your employees' dependents are who they say they are? Dependent audits can be a great tool to weed out any potential abuses by employees and they can also help keep your costs down by removing ineligible dependents and improving your claim utilization.
How much you ask your employees to contribute/pay for benefits should depend on a number of factors, such as: what type of employer you want to be, how much you are willing and able to spend, and how do you compare to your direct competitors? Depending on your goals, we can offer creative strategies like salary based contribution tier levels, spousal surcharges, and healthy discounts for those who complete testing or wellness programs to make your objectives possible.
Data is your friend. It is an invaluable resource in determining where you stack up to your competition. But it is imparitive you are relying on the right kind of data. Your company might have a lot in common with the business down the road, but if you're a manufacturer and they're a law firm you probably don't want to be compared to them for benefits! At Superior we recognize this and along with our partners, we provide data that is real and meaningful to our clients. Find out more by visiting Our Partners Page.
When was the last time you made sure your bill matched your employee data? At Superior, we know that you're busy and how much easier it can be to cut a check before reviewing for accuracy--And that's where we come in! When we first start working with a group we do a full audit and from there we don't stop...we conduct our own monthly audits of their premium statements.