Your company could save thousands of dollars each year by removing ineligible dependents from your employee benefits plan!
Studies show that up to 15% of all enrolled dependents are NOT eligible for coverage. At an average cost of $2500 per dependent a group with 1000 enrolled employees could potentially save $375,000 by conducting a dependent eligibility audit.
When you sign up for BeneLink Verify BeneLink handles all employee mailings, document retrieval and tracking, document storage, coverage terminations and vendor notifications during and immediately following the initial audit period. You may also want to consider BeneLink's ongoing verification services to ensure that dependents added by new hires and through mid-year status changes are eligible for coverage.
By working with BeneLink to audit your dependent coverage you can improve the accuracy of your eligibility list while maintaining a positive relationship with your employees.