Next Generation Enrollment Helps Grand Rapids Public Schools Save Hundreds of Thousands of Dollars in Healthcare Costs
ADA, MICHIGAN (PRWEB) September 24, 2015 -- Next Generation Enrollment, a full-service benefits administration company, specializing in dependent eligibility verification audits, announced today that it has saved Grand Rapids Public Schools (GRPS) over $800,000 dollars annually in healthcare costs by identifying and removing ineligible dependents. Throughout this process, Next Generation Enrollment (NGE) has helped reduce the cost of providing medical benefits to GRPS employees.
The audit offered by NGE afforded GRPS the opportunity to reduce their annual healthcare expenses. These savings are achieved through identifying ineligible dependents. Out of 1625 employees who received the original dependent audit mailing, 3898 total dependents were audited during the course of this dependent eligibility audit. Overall results revealed that 15.54% of enrolled dependents failed to meet plan eligibility requirements.
“Overall, the audit was a huge success and upon its conclusion, the savings to the district was seven times what was projected,” said Lisa Steed, GRPS Benefits Supervisor. “Great job Next Generation Enrollment team.”
Each year, ineligible dependents cost school districts and businesses millions of dollars in annual health plan expenses. Rather than implementing cost cutting measures like reducing benefits or increasing co-pays (which are typically met with resistance among employees), dependent eligibility audits can root out those who are not truly eligible, which helps guard against out-of-control healthcare costs.
“This is a service that truly works. Not only will your organization save money, but we will help you comply with federal regulations like ERISA and Sarbanes-Oxley, if applicable,” states Bradley Taylor, CEO of Next Generation Enrollment. “The audit allows GRPS and school districts like them to mitigate the steep costs of benefits while continuing to offer exceptional coverage to those who qualify.”
Next Generation Enrollment takes a tailored approach to the dependent eligibility audits. Each customized audit has an employee-friendly approach to safeguard employee relations and company culture while also focusing on saving major costs for clients.
Formed in 2004 and headquartered in ADA, MI, Next Generation Enrollment is a full service, boutique benefits administration company. Next Generation Enrollment provides the expertise and cutting-edge technology needed to streamline and integrate accurate benefits for employees. As a boutique administration company, Next Generation Enrollment works with you as a partner, so we can best develop solutions that work seamlessly with your business. For more information on Next Generation Enrollment, please visit http://www.NextGenerationEnrollment.com.
Jessica Foust, Next Generation Enrollment, http://www.nextgenerationenrollment.com, +1 8014504270, [email protected]
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