By Steve Niemczewski
With the current state of uncertainty in the healthcare market, brokers and consultants are working tirelessly to ensure that they maintain their value to their clients. Many are taking steps to cement ties with their customers by introducing additional products and services, and attempting to create additional loyalty to ensure long term working relationships.
Dependent eligibility verification (DEV) programs are currently one of the most recognizable healthcare cost containment initiatives available today. DEV programs systematically review the eligibility of dependents covered by employer sponsored healthcare to make sure that the employee and dependent relationship is valid and allowable under the plan rules, and then maintains plan integrity through eligibility reviews for dependents added as a result of new hire, life event and annual enrollment activities. Typically, both private and public sector companies that institute dependent verification processes discover that 5-10% of dependents they are covering are NOT ELIGIBLE!
How can you get your slice of the DEV pie?
Verifi1 provides a unique opportunity for brokers and consultants to build and strengthen current client relationships, as well as to attract new customers through expanded product and service offerings. With Verifi1’s highly competitive pricing structure, you can choose to offer this as a value added service, or as an additional revenue stream through our lucrative commission program.
What makes Verifi1 distinct is the ability to seamlessly and effortlessly manage DEV programs for ALL of your clients, regardless of their size! This provides a fully scalable, standardized solution for your entire customer base. You don’t have to risk sending your larger clients to a DEV provider who most likely offers services that compete directly with you, and you don’t have to risk sending your small to mid-size clients to less sophisticated providers who lack the experience, tools and systems to ensure a successful process.
The Verifi1 team has more than 15 years of experience working with numerous Fortune 500 companies, and countless small to mid-size employers. We understand the unique verification needs from business to business and are continually evolving to ensure those needs are being well taken care of. You can provide your clients with a solution that deploys an advanced, proven eligibility verification process to help companies professionally and compassionately manage this growing problem.
Our V1 Engine utilizes the latest technology, procedures, and expert communications to achieve the most accurate and effective results. Verifi1 expertly manages the collection of documents for the verification process, making it easy for employees to submit via scan/upload, fax and mail. We then use a fully automated system backed with the most advanced OCR technology to process scanned data and verify eligibility as determined by an employer’s specific eligibility rules. The process also provides brokers and consultants with:
You can use Verifi1’s industry leading DEV knowledge and cutting edge processes to bring value added cost containment services to your clients. Contact us today if you would like to effortlessly and immediately expand your product and services portfolio in your consulting or brokerage practice.
Go ahead…have that slice of pie!