HRAdvance Publishes White Paper on How Healthcare Reform Impacts Employers’
Decisive, comprehensive eligibility management from HRAdvance remains an employer’s best cost containment tool.varicobooster skutki uboczne
Dallas, TX April 14, 2010 - The recently passed Patient Protection and Affordability Act (PPACA) will bring about major changes in group sponsored health plans, not least among them significantly higher costs. zerosmoke
It is essential to prepare and react to the coming changes quickly and decisively to help control your health plan expenses.flerspråkighet
In this new environment, a dependent eligibility audit remains one of your best cost containment tools. “Our audit tools can help control costs associated with many aspects of this new legislation,” said HRAdvance President Craig Firestone, “but that’s especially true of Section 2712.”hondrocream
This section of the PPACA prohibits the rescinding of health insurance for any reason other than ‘fraud’ and ‘intentional misrepresentation of material’. Proving that an employee has committed fraud can be extremely difficult, and will only become more challenging in the future. “A dependent eligibility audit provider who can assist in those efforts will be key to success,” states Brennan Clipp, Senior Vice President of Sales at HRAdvance. fito spray
For more details click here to download the HRAdvance White Paper on this subjectperle bleue
Health Care reform should not preclude cost containment efforts
Click here to download the white paper that illustrates how HRAdvance proposes to incorporate an affidavit process into our dependent eligibility audit services
Companies conducting dependent eligibility audits continue to realize immediate savings. HRAdvance clients have seen an average of 11% ineligible results from comprehensive dependent eligibility audits. To date, the company has performed more than 200 dependent eligibility audits, resulting in more than 1 million dependents audited. These efforts have saved our clients $220 million in first year savings, with an average project ROI over 1400 percent.
As the law surrounding Section 2712 of PPACA evolves, it is more important than ever for companies to sustain cost containment initiatives like dependent eligibility audits. Controlling costs while maintaining benefits for employees and their families will remain a priority for organizations that compete for talent.
The company’s core competencies are its Plan-Smart™ and Plan-Guard™ dependent eligibility audit solutions. Its management competencies and healthcare focus reflect more than 150 years of combined experience in developing automated human resource, benefits, administrative and financial services for government, public and private organizations. Visit www.plansmart.com to learn more.