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Many companies, regardless of size, work hard to provide top-tier healthcare benefits to their participants. Unfortunately, many come to the realization that a considerable chunk of its healthcare expenses stem from ineligible dependents.
Despite the best intentions, the absence of a Dependent Eligibility Verification program can leave the organization vulnerable to financial strain, legal headaches, and administrative chaos.
What is Dependent Eligibility Verification (DEV)?
DEV is the process of verifying the relationship between participants and their dependents to confirm their eligibility for coverage according to your benefit plan’s rules. It involves requesting documentation or proof from participants to