Data Sheets, Case Studies, & Blogs
Consova is an innovator in the healthcare cost containment industry. We have a dynamic, entrepreneurial culture: every associate is a valued member of our team, and the status quo is consistently challenged. Our clients have come to expect more from us because we provide our clients with more – more results, more service and more innovation.
On the Blog
Explore innovations and trends in healthcare benefits employee dependent verification
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.
4 Red Flags Your Eligibility Verification Solution Is Falling Short
Dependent verification audits are crucial for ensuring proper management of employer-sponsored health plans. However, the dependent eligibility verification process can be a hassle for employers and employees, especially if the audit experience is inefficient, confusing, and time-consuming. A faulty eligibility audit can cause major disruptions in benefits administration and contribute to wasteful plan spending, creating ripple effects on both employee satisfaction and employer bottom lines.
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.
Start Eliminating Unnecessary Expenses
Chances are your health care plan is unknowingly subsidizing coverage for dependents that do not meet your plan’s eligibility requirements. If you do not have a highly vigilant dependent verification process in place, or if it has been several years since your last dependent audit, your organization could be spending millions every year on completely unnecessary healthcare expenses. Learn more about how Consova’s cost containment solutions can save your organization up to 12% on total healthcare spend.
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Recent Clients
Consova is dedicated to the goal of driving unnecessary costs out of healthcare. Working with household names like Nokia, Sony, Sprint and many others, Consova has delivered over a billion dollars in healthcare savings to our clients.
