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Healthcare costs have risen more than 100% in the last decade. One way to mitigate those costs is by performing a dependent eligibility verification. With an average amount saved per ineligible dependent exceeding $5,000, this can equate to hundreds of thousands of dollars in savings for the employer. Many employers utilize dependent eligibility verification as part of compliance with laws (such as Sarbanes-Oxley and ERISA) related to operating a benefit plan as designed, and to maintain exclusive access for qualified plan participants.
All employees- regardless of industry, geography, and service sector- will be burdened with covering ineligible dependents if they do not employ a system to monitor and validate who gains access to their benefits plans. In other words, the problem will never "self-correct" if a validation and tracking system is not established. This webinar will discuss the costly problem of ineligible dependents and discuss steps to implement a dependent verification program.
About the Presenters:
Dave Chojnacki, Chief Revenue Officer, Verifi1
Dave was the Executive Vice President at the first comprehensive dependent verification enterprise in the country. With over 25 years of experience in the healthcare industry, Dave is viewed as a leading national expert in health care cost containment solutions, and while serving in his previous role, led two of the largest dependent verification initiatives in U.S history (AT&T and the State of New York). Dave went on to join Verifi1 in 2015 as a senior executive and board member, where he has been instrumental in establishing the company as one of the leading DEV companies in the country. Prior to his work in the dependent verification industry, Dave co-founded a prominent healthcare consulting agency focused on implementing innovative benefit plans. He began his career, and spent 13 years, at Univera Healthcare (an Excellus company) where he rose to become the Vice President of Sales. Dave has served on several corporate boards of directors and contributes to numerous media outlets on various healthcare industry topics.
National Accounting and Finance Council (NAFC) members are eligible for an hour of CPE credit for attending this webinar. For details on the CPE and membership, contact Jenny Wieroniey at email@example.com.
This is a "Group Internet Based" offering and no prerequisites are required. NAFC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave North #700, Nashville, TN 37219.
**NOTICE: ATA webinars are strictly educational for our members, and are not press events. The information contained in this webinar is not intended for, nor should it be used in, the production, editing or creation of news or analysis pieces. Participants are also forbidden from using them as background for published materials, white papers or other communications. Therefore, the contents of this webinar are strictly embargoed and off the record.