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Can insured plans benefit from dependent audits?

April 26, 2017audits benefit dependent insured plans

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Can insured plans benefit from dependent audits?

1 Answer

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Yes, however before conducting an audit, the savings should be discussed with the underwriter of the plan to confirm the formula that will be used to compute savings. For example, only an audit that identifies greater than x% of confirmed ineligibles could have an impact on premium reductions.