When including Dental, Vision, Life or AD&D, employers often discover an eligibility requirement of student status in their Dependent Audit project.
This requirement means that, until approval of a school schedule from an accredited institution, students are not considered verified.
Think Student Status doesn’t matter? Guess again.
Sometimes prospective clients or brokers are confused about Student Status Verification. Some even try to tell us that Student Status doesn’t matter for Dependent Audits since ACA extended coverage to age 26 regardless of the status.
That’s NOT true.
A professional Dependent Audit regularly includes Medical, Dental, Vision and frequently Life or AD&D.
Even if employers pay little or no premium for the non-medical coverage, the claims for that plan impact all employees without regard to fully insured vs. self-insured.
Also, the additional lines of coverage rarely result in a substantial cost increase for the audit due to the small numbers of employees who decline medical but enroll in other lines of coverage.
We communicate with employees in proven ways that get results
Tailor all communication elements to meet your company’s unique needs
Start your next verification project with confident, defined timelines
DSI has a dedicated team focused on meeting all your verification needs
DSI leads the way in personal, not computerized, accurate verification
Sympathetic, sensitive and respectful support ready to help your team
For over a decade DSI has been a national leader in audit best practices. Through innovative communication strategies and our proprietary technology we deliver clients improved compliance while reducing waste in spending.
Request a demo today to discover what DSI can do.