Why Should You Verify?

It is estimated that upwards of 10% of the average employer’s healthcare costs may be going towards individuals who are ineligible for coverage.

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Here’s Why:

Between rising healthcare costs and the increased compliance requirements companies face, ineligible dependents ending up on corporate healthcare plans is a problem that is getting worse and simply won’t fix itself.

Dependent eligibility verification is a solution that helps companies control healthcare costs by identifying ineligible dependents listed on their health insurance plan and redirecting them to alternative plans under which they’re eligible to receive the coverage they need.

This process works to protect the insured base of employees from the significant cost and risks associated with ineligible dependents that are receiving coverage, but shouldn’t be. With dependent eligibility verification, companies can reduce healthcare inefficiencies so that they’re able to continue to offer employees and their eligible dependents the most robust healthcare plans possible.

Why Verifi1?

Experience the Verifi1 Difference.

When it comes to verification, we are subject matter experts and pioneers in the field who have seen it all, done it all and have evolved our approach to deliver a customized solution resulting in a better experience for employers as well as employees. We do this for any size company.

How Much Could My Company Save?

Click or slide the numbers in each circle to fit your company’s spend and size. Verifi1 finds an average of 3-8% ineligible dependents during initial verification and up to 17% during ongoing verification.

Employee Cost Per Dependent
Employee Cost Per Dependent
DEPENDENTS COVERED ON PLAN
DEPENDENTS COVERED ON PLAN
Potential Ineligible Percentage Rate
Potential Ineligible Percentage Rate
End Result Savings For Your Business