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PlanSource Dependent Verification

Dependent verifications are 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 Employee Retirement Income Security Act (ERISA) violations (if applicable) and Sarbanes-Oxley (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.

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