Budco Health Service Solutions
Dependent Verification Audit
In search of a sleeker operation and balanced books, organizations of all types are constantly seeking out effective cost-cutting measures. Inefficiencies and redundancies must be removed in order to achieve the elusive goal of managing a “well-oiled machine.” One of the best solutions is to trim ineligible dependents from your company's employee health care plan using what is called a
dependent verification audit. An experienced company like Budco Health Service Solutions can confirm eligibility in each employee or former employee and their dependents, all in accordance with your company's benefits plan. Budco is not just a leading provider of this valuable and specialized service; we pioneered it more than a decade ago. This means that we have perfected the art and science of providing a thorough and accurate dependent verification audit.
Claims/Eligibility Status
Each year, companies lose anywhere from hundreds of thousands to millions of dollars through claims/eligibility status inefficiencies. Invalid dependents can account for as much 10% of any company's coverage beneficiaries. The majority of these cases are not due to fraud, but simple inefficiencies within the administrator’s operations. Even the largest and best-run companies may not have the resources to sufficiently vet and confirm the claims/eligibility status of their dependents. The time and effort required to confirm eligibility on a wide scale are such that it is often the best practice to seek help from outside experts, and nobody has been doing it longer or better than Budco.
Confirm Eligibility
Budco has a staff built on expertise in the areas of dependent verification audit and claims/eligibility status. By focusing our efforts on such a specific yet complex issue, we can promise in full confidence that we can eliminate unverified claims and spare your company the sting of countless unnecessary or invalid expenditure. We take the time to learn your company's benefits plan and then we look at each dependent, compare them to your specific coverage and confirm eligibility in each unique case.
