Dependent Eligibility Audits

Companies are always on the lookout for new ways to cut costs and protect their bottom line. Budco Health Service Solutions offers one of the most sought after and effective methods of balancing the budget: dependent eligibility audits. Healthcare is a huge expenditure for most companies, and in many cases it is not being managed to its maximum efficiency. Our staff of professionals are trained to understand your company's policies and ensure that they are being administered with the least amount of waste possible. By conducting thorough and accurate dependent eligibility audits and determining which beneficiaries are invalid according to the terms of a given plan, Budco can trim upwards of 10-15% of a given company's dependents. This in turn saves companies hundreds of thousands, and in some cases millions of dollars.

Ineligible Dependent Coverage

One of the most common and most difficult to detect inefficiencies companies face today is ineligible dependent coverage. This occurs when employees or former employees and their dependents who are no longer eligible to be receiving their current coverage under an organization's policies continue to receive them. Examples of ineligible dependents include ex-spouses and adult children who are no longer enrolled in a secondary institution of learning. Thanks to these problems, which tend to remain under the radar of administers for long periods of time, a significant percentage of your company's payouts to healthcare coverage for dependents may in fact be unnecessary. Budco can work with you to reduce and even eliminate unnecessary expenditures towards ineligible dependent coverage.

Employee Retirement Income Security Act

The Employee Retirement Income Security Act is a critical piece of legislation that binds American corporations to certain standards of financial security for their current and former employees. Budco's expertise in the area of healthcare coverage is valuable to any company hoping to cut costs whilst staying within the boundaries defined by ERISA. The Employee Retirement Income Security Act shouldn't be an incentive to preserve a wasteful status quo. Let Budco help you trim the fat and stay legal.