The Great Benefits Balancing Act
Offset Benefits Costs with Dependent Verification
Tuesday, May 28 | 3pm ET (12pm PT)
What It's About
Employers are struggling to achieve the perfect balance between a competitive benefits package and affordability. Benefits are only getting more expensive, and an average of 6% of dependents listed on benefits plans are actually ineligible. Dependent verification ensures that only eligible participants are receiving coverage. Whether you’re preparing to make a new technology investment or just looking to balance things out budget-wise, dependent verification is an easy way to save some money on health care expenses and also ensure ERISA and SOX compliance.
Join us for a free webinar in which we’ll break down how dependent verification works and how to implement one at your organization. You’ll discover why it’s even easier and just as effective as other, less desirable cost-cutting measures like reducing benefits or increasing co-pays, and hear success stories of employers that ended up saving big bucks in their benefits program after completing an audit. We’ll also discuss best practices for communicating the process to employees to create an easy, pain-free, money-saving experience for all.
What You'll Learn
How dependent verification helps employers save money and stay compliant by focusing benefits spend only on eligible participants
Success stories from employers who were able to save big bucks and offset other expenses by verifying dependents
Best practices for communicating the dependent verification process to employees
About Our Speaker
Chief Commercial Officer
As CCO for PlanSource, Nancy Sansom leads marketing, commercialization strategy, partner development and other aspects of the PlanSource go-to-market strategy. With more than 15 years of executive leadership experience within high-growth SaaS companies in the HCM and benefits space, she has a background in marketing, communications, P&L and product management, software design and business development. Nancy has also managed HR during her career, so she can relate directly to HR leaders and the challenges that they face attracting and motivating the right talent. Nancy earned her MBA from Carnegie Mellon University.
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!