Dependent Verification with DependentIQ
Reduce benefit costs with AI-driven eligibility verification
Why Automate Dependent Eligibility Verification?
Save Money
Reduce monthly medical premium costs for fully-insured plans and total monthly claims costs for self-insured plans.
Improve Compliance
Improve compliance with your Summary Plan Descriptions (SPDs), HR policies and custom business rules.
Minimize Risk
Reduce your company’s stop-loss exposure and litigation risks related to ERISA, Sarbanes-Oxley and other regulations.
Overall, our dependent audit was a huge success and upon its conclusion, the savings to the district was 7x what was projected.
Lisa Steed
Employee Benefits Supervisor, Grand Rapids Public Schools
Key DependentIQ Features
Configurable Document Request Rules
Determine what documents are required, by whom and when. Whatever your rules, DependentIQ automates the process of verifying eligibility at initial new-hire enrollment, open enrollment and life event changes.
Automated Rule Enforcement at Enrollment
Build on top of our default rule sets to customize approval rules by document type, job role, seniority, employee population and more, so you can control the experience and where coverage is enacted.
AI-Powered Image Recognition & Review
DependentIQ uses advanced image recognition and AI/ML technology to automatically recognize and verify uploaded employee documents for eligibility requirements – providing instant results and eliminating 70% of HR admin intervention.
Consolidated Work Queue for Document Review
View all verification activities and information from a single screen, including all manual document approval requests. Any custom required documents that can’t be automatically verified will appear here for easy, centralized approval.
Analytics Dashboard to Monitor Dependent Status
A simple and actionable verification dashboard combines all verification activities into a single view, including real-time savings calculations, so you have greater visibility into the status, KPIs and ROI of dependent verification services.
Built-in Employee Communications Templates
We’ll handle all communication with employees, keeping your HR team out of the weeds and out of uncomfortable interactions that could result in employee resentment, disengagement or negative culture impacts.
How Our Dependent Verification Software Helps
Reduce Costs
Reduce medical premiums for fully-insured plans and claims costs for self-insured plans
Save Time
Upfront verification provides faster feedback and eliminates the need to remove dependents later
Enforce Compliance
Improve compliance with your Summary Plan Descriptions (SPDs), HR policies and rules
Minimize Risk
Reduce stop-loss exposure and litigation risk related to ERISA, Sarbanes-Oxley and other regulations
Accelerate ROI
With DependentIQ, we’re able to cut average time-to-audit by 60%, helping you see cost savings sooner
Savings Calculator
How much could you save with automated dependent verification? Try our interactive calculator to see how an investment in DependentIQ can drive measurable impacts for monthly premium costs & HR time saved.
Annual savings per ineligible dependent
70%
Total manual HR admin time/effort saved
Overall dependents found ineligible in audit
Average 3-year ROI on DependentIQ
DependentIQ Product Details
Download an overview of PlanSource DependentIQ and how our instant dependent eligibility verification can eliminate manual HR work and unnecessary monthly premiums.
Automated Dependent Verification: How Much Could You Save?
Join our webinar to learn how AI and automation are making instant, ‘always-on’ dependent verification a thing. Discover your potential time and cost-savings, plus get a first-hand demo of our new DependentIQ tool.
Case Study: Grand Rapids Public Schools
See how this large public school system outsourced its dependent eligibility audit to PlanSource and uncovered nearly $1M in plan savings in its initial full audit alone.
Ready to Save Time by Outsourcing to PlanSource?
