SCENARIOS
funding DEPENDENT AUDIT with voluntary benefits
What action have you undertaken to ensure that you don't have ex-spouses and non-dependent children on your medical plan?
If your answer is like most employers, and you haven't undertaken action, then it is likely 1 in 11 dependents on your plan is ineligible.
Lets suppose you employ 500 people, and you have a medical plan with 500 total dependents participating at an typical cost of $3,000 per dependent per year. A typical return on a dependent audit could save you over $136,000 per year.
making a difference with voluntary benefits
