Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Health Insurance Audits Becoming All the Rage
Financial Week Nov. 5, 2007
Excerpt: A growing number of employers are embarking on dependent audits to cull ineligible dependents from their health-care rolls in an effort to cut health-care costs, observers say. Experts say these audits can result in the removal of 5% to 10% of dependents from their rolls, on average, and depending on the particular plan, can save companies hundreds of thousands, if not millions, of dollars. They also remove potential liability under the Employee Retirement Income Security Act and Sarbanes-Oxley, observers say.
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