What size plans can benefit from dependent audits?
In our experience, plans with as few as 150 employees with dependents can benefit from conducting an audit. To illustrate, we recently conducted an audit of a group with 200 employees with dependents. One of the ineligible dependents was a 32 year-old child (children maxed out at 25) that was erroneously receiving approximately $40,000 annually in care. These are even more common in larger plans. Regardless of the plan size, on average we consistently identify between 5% and 15% ineligible dependents.
