Dependent Verification
Verifying dependents decreases benefits costs and improves compliance

See the Brochure Watch the Webinar Calculate My Savings Talk to an Expert 

Dependent Verification

Ineligible dependents cost businesses millions of dollars in annual health plan expenses. Rather than implementing cost-cutting measures like reducing benefits or increasing co-pays (which employees are not fans of), dependent verification can identify those individuals who are not eligible to participate in a company’s benefit plan. Dependent verification is a best practice in employee benefits. 

By ensuring that only eligible participants are receiving coverage, you can save money and stay compliant. If you’re self-funded, you can eliminate stop-loss exposure and ERISA violations if applicable and SOX issues (if you’re a public company). The monetary savings to the employer can be significant, with an average of 6% of covered dependents deemed ineligible for continued coverage.

dependent verification case study
See how Performance Health Holdings, Inc used PlanSource Dependent Verification to save over $178,500.00* annually in healthcare costs!

Why Dependent Verification?

Save Money
 Reduce medical premiums for fully-insured plans and claims costs for self-insured plans

Improve 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

How Much Could You Save with a Dependent Verification Audit?

We’ve found that, on average, 6% of dependents listed on benefits plans are ineligible. What does that mean to you? $10,000? $100,000? More? Run a few scenarios on our Dependent Eligibility Savings Calculator and see how high your potential savings could be!

Show me the savings!
PlanSource Dependent Eligibility Audit Projected Savings Calculator

What is the Verification Process?

Best Practices for Dependent Verification

 Conduct an amnesty-style audit after you’ve concluded open enrollment

 Get buy- in from unions and other stakeholders in advance

 Use a third-party to conduct the audit to protect the employee-employer relationship

 Communicate clearly and often with employees about the audit process and deadlines

 Provide positive and clear communications to employees using multiple communication channels

Request a Discovery Session and Quote

See the Latest Release

We update the product to make it stronger and more secure, introduce new features and improve existing ones.

See It 

Watch the Webinar

Join PlanSource's Bradley Taylor in our recent webinar all about dependent verification audits!

Watch It

Read Our Latest Press

Read the latest news about what we do and how we help folks get valuable benefits.

Read It