On average, studies have found that 8% of covered dependents are ineligible. At an annual average cost of $1,900 per covered dependant, this oversight can quickly add up.
Today’s unprecedented financial pressures are forcing organizations to scrutinize existing costs and find ways to control them without sacrificing quality.
Please join KBACE Benefits Practice Manager, Jeff Eaton, as he brings cost-saving strategies for Oracle Benefits into focus by discussing Benefits analysis and cost containment activities. This presentation highlights areas that other organizations have examined over the years to ensure that they are getting the most out of every dollar they spend, while effectively eliminating unnecessary expenditures, such as overpayment for ineligible dependents and terminated employees.
This presentation also covers:
- Best practice metrics and reporting;
- Strategies that will assist with open enrollment decision-making (i.e., studying plan participation by demographic statistics);
- Primary areas that are commonly overlooked during internal auditing exercises.
Jeff Eaton, Compensation & Benefits Practice Manager, KBACE
Thank you to everyone that attended the live session. For those that were not able to attend and for those that wish to review the presentation materials again: