No company wants to believe it’s being defrauded by its own workers. But it’s better to know for sure than to end up paying for individuals who aren’t even eligible for your healthcare benefits.
That’s why more companies are performing dependent care audits – tests to uncover ineligible dependents receiving healthcare benefits.
The numbers support the move. According to research, an audit of 10,000-person company will typically uncover between 200 to 500 ineligible dependents. That’s an annual savings of $420,000 to $1.05 million.
In 2010, 69% of large companies plan on performing a dependent care audit – an increase from the 55% that planned to do it in 2008 – according to a recent Towers Watson and the National Business Group on Health study.
For more information on the type of organizations that can help you perform a dependent care audit, click here.