How Traditional Dependent Eligibility Verification Audits Fall Short

Verifying the eligibility of employees’ dependents is one of the most lucrative ways to unlock savings for plan sponsors, but it’s not always a walk in the park. That’s because the traditional process is clunky, overly complicated, and frustrating for employees and employers alike. Thankfully, there’s a better way with Consova, now part of Lumelight. […]

Experience The Benefits of Seamless Integration with ADP Workforce Now®

As a premier provider of cost containment solutions, Consova constantly reassesses how to improve its dependent verification services for the benefit of employers with self-sponsored healthcare plans and their employees. Knowing the importance of efficiency in already cost-constrained HR and Benefits departments, ease of use tops the list of criteria we consider when evaluating whether […]

Perfect Timing: How to Schedule Dependent Verification for Maximum Employee Benefits Savings

There’s more to profitably managing employee benefits than getting the details right. Timing matters too. For employers seeking to optimize their benefits plans and maximize savings, the question of when to conduct dependent eligibility verification and other coverage verification audits is crucial. Let’s look at why the period immediately following open enrollment is the ideal […]

Boost Client Satisfaction and Retention: The Advisor’s Guide to Implementing Consova’s Modernized Verification Solutions

Behind every successful broker/consultant is a portfolio of satisfied clients who have total confidence in their advisor’s ability to provide the best options to meet their organization’s needs. A broker’s ultimate goal is to be a true partner for their clients, consistently delivering value and finding new solutions to maximize savings. In the healthcare cost containment space, a new approach to verifying dependent eligibility for health insurance is necessary to move the needle on every metric required to win and retain new business.

Streamlining Benefits Administration: The Impact of a Modernized Dependent Verification Solution

While employer-sponsored health plans can tap into major savings on healthcare benefit costs, the enrollment of ineligible dependents, such as divorced spouses or children above the age of eligibility, can significantly undermine these financial gains. Research indicates that up to 8% of dependents enrolled are ineligible for coverage, culminating in substantial wasteful spending that can degrade benefit value across the organization.