RecoveryMax Benefit Review Services
With finite revenue sources and growing expenditures, organizations are under increased pressure to operate more efficiently and effectively. The continued increase in health care costs has been a major culprit leading to budgetary stress. The premiums for employer-based health insurance have experienced double-digit increases over the last few years. The ability of organizations to control and manage these rising employee benefit costs is challenging and complex. Organizations are compelled to seek opportunities to reduce their health benefit liabilities while maintaining the same level of benefits to their employees. Meeting these demands requires finding the right partner to craft the proper solution.
Keygent's RecoveryMax Benefit Review ("RecoveryMax") provides organizations with auditing services to identify significant health care cost savings.
RecoveryMax ensures that your organization is providing benefits only to those who are eligible. RecoveryMax is a straightforward, cost-effective solution for organizations that are interested in reducing their benefit plan costs without cutting employee benefits.RecoveryMax will provide your organization with significant advantages, helping you to identify:
- Former employees who were not removed from plans;
- Employees who are improperly enrolled in multiple plans;
- Part-time employees receiving full-time employee benefits;
- Retirees whose eligibility has lapsed;
- Employees and retirees (in certain cases) who have added "spouses" to their coverage without getting married; and
- Dependents who do not qualify as a result of plan requirements.
RecoveryMax uses proprietary applications to analyze employment and benefit data. Understanding that this data is personal and sensitive, precautions and security measures are taken to maintain confidentiality. Our consultants are seasoned professionals who have a track record of providing superior performance while maintaining the highest level of confidentiality.
Employee benefit costs will continue to represent a significant portion of an organization's current and future expenses (especially if retirement benefits are offered). RecoveryMax enables organizations to scrutinize one of the more commonly overlooked aspects of their benefit programs and provides them with an effective tool to manage their human resource operations efficiently and effectively.