Preventing Dependent Eligibility Frauds: Secova’s Proven Strategies In the realm of benefits administration, dependent eligibility fraud poses a significant threat, leading to increased costs for organizations and undermining the effectiveness of employee benefits systems. As a provider of benefits administration and dependent eligibility verification services, it is essential to implement robust strategies to combat these […]
Category: Eligibility Audit
Eligibility Audit
The Role of Tech in Transforming Benefits Administration Services
The Role of Tech in Transforming Benefits Administration Services In recent years, technology has become integral to various sectors, including Benefits Administration. Advancements in technology have revolutionized these services, streamlining the verification process while enhancing accuracy, security, and overall efficiency. This transformation not only optimizes administrative workflows but also improves the experience for both organizations […]
Why Companies Should Choose Secova’s Standard Dependent Eligibility Verification Audit Process
Why Companies Should Choose Secova’s Standard Dependent Eligibility Verification Audit Process Secova’s Standard Dependent Eligibility Verification Audit Process is a systematic approach for companies to ensure eligibility for dependents under health plans, maintaining compliance, controlling costs, and promoting fair and equitable benefits programs. Here’s why your company should consider implementing Secova’s process. 1. Cost Savings […]
The importance of dependent audits: School district saves considerably on healthcare costs
The importance of dependent audits: School district saves considerably on healthcare costs Many employers provide healthcare coverage for their employees as part of a benefits package, and some take this a step further by extending coverage to the spouses, children and other dependents of its workers. Such a benefit can be considerably advantageous and help attract […]
How to make dependent eligibility audits run smoothly
How to make dependent eligibility audits run smoothly There’s no doubt dependent eligibility verification is important. Employers can save their companies thousands of dollars by conducting regular dependent eligibility audits. This is a process where employees submit documentation to verify that the people covered on their health insurance plan still qualify for coverage. Ineligible dependents […]
Top 3 reasons to outsource eligibility audit services
Top 3 reasons to outsource eligibility audit services It’s difficult for businesses to keep track of all eligible dependents currently on their healthcare. Regular record inspection is necessary to make sure the company isn’t providing benefits for people who are no longer qualified to receive coverage under new regulations. Organizations can choose to outsource the responsibility […]