In an effort to reduce healthcare expenditures and mitigate risk, a large percentage of employers have already performed a dependent eligibility verification. The opportunity for savings does not stop at that point. Numerous employers are re-reviewing their spouse populations on a regular basis (18-24 months) because divorces are often not reported by employees.
Who Can Afford Unnecessary Expense?
10-13% of employee divorces are often not reported to HR. An extension of an ongoing verification program includes periodic re-reviews of enrolled spouses. With the average cost per spouse reaching $7,000, conducting regular spouse re-reviews drives significant bottom line value.
The numbers speak volumes. With over 1,000 verifications completed and over $1B in savings generated, Consova is a leader in this space. Organizations of all sizes, from regional health systems to Fortune 500 companies, look to Consova to deliver a results-oriented spouse re-review verification that ensures that only those truly eligible are covered by the plan.
Sample Savings Scenario
Prioritize the Employee Experience
A spouse re-review can be difficult for employees, especially those who are newly divorced. Consova is dedicated to making this process as easy as possible with an intuitive employee portal enabling quick submissions of necessary information and documents. Once submitted, our team works behind the scenes to collect, analyze, and report new changes to employers with little to no employee involvement. By putting the employee experience first, Consova has delivered impressive results with our re-review verification process, providing substantial cost-savings for both employers and employees.
Average ineligible rate
Experience the Impact of Consova
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.