Budco Health Service Solutions
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. Health care is a huge expenditure for most companies, and in many cases it is not being managed to its maximum efficiency. Our staff of professionals is 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% of a given company's dependents. This, in turn, saves companies hundreds of thousands or, 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 health care coverage for dependents may, in fact, be unnecessary. Budco can work with you to reduce and even eliminate unnecessary expenditure 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 health care coverage is valuable to any company hoping to cut costs while 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.
