A primary strategy to manage cost is an eligibility audit. The Dependent Eligibility Verification Project is designed to formally and objectively examine the non-employee population covered by your organization under the employee benefits program.
Results can range from 5%-10% reduction of dependent enrollment. Membership reduction can save employers 3% or more annually.
Maintaining accurate dependent information primarily supports fiscal responsibility, but also is required to comply with certain legislation, including ERISA and IRS audits.