Dependent Specialists, Inc. - 3x3x3 Challenge with Jay Tomes
Dedicated provider of customized Dependent Eligibility Verification Audits. Our proprietary, Employee-First solutions bring a real ROI with none of the downstream noise. Our average client has 5.5% ineligible dependents and achieves an 800% ROI.
What is Dependent Specialists, Inc.?
Dependent Specialists is a dedicated provider of dependent eligibility verification audits. On average, about 5% of all dependents across the country enrolled in company benefits are actually not eligible. Groups hire us to verify the eligibility of those dependents which results in a ERISA-compliant plan as well as substantial cost savings to the employer. We provide both one-time audits as well as ongoing verification from new hires and qualifying events. And lastly Chris, we do provide working spouse verification for any group who have a carve-out or surcharge in their plan for working spouses.
How is Dependent Specialists, Inc. different?
Sure, so really with any vendor if it's done correctly groups will find on average an 800% return on investment. So what they're really looking for mostly is the HR and the employee experience and that's what really sets DSI apart. You know, first HR is in our DNA or our executive team has decades of HR experience. Our platform is 100% proprietary and built from the ground up. Everything we do is customized and co-branded along with a dedicated account manager 100% US-based customer service team and we're the only standalone dedicated vendor. So 100% of what all of our employees do is just dependent verification.
Who is a good fit for Dependent Specialists, Inc.?
So about 99% of all of our clients come through our partnership with benefit brokers. So really any broker that has a group of 50 or more employees is a good fit. Certainly, self-funded groups are ideal because when they're paying claims directly ineligible dependents skew 30% or higher in claims dollars. So both public and private. Any group with 50 or more employees who have at least one dependent on the plan.
What is Dependent Specialists, Inc.?
Dependent Specialists is a dedicated provider of dependent eligibility verification audits. On average, about 5% of all dependents across the country enrolled in company benefits are actually not eligible. Groups hire us to verify the eligibility of those dependents which results in a ERISA-compliant plan as well as substantial cost savings to the employer. We provide both one-time audits as well as ongoing verification from new hires and qualifying events. And lastly Chris, we do provide working spouse verification for any group who have a carve-out or surcharge in their plan for working spouses.
How is Dependent Specialists, Inc. different?
Sure, so really with any vendor if it's done correctly groups will find on average an 800% return on investment. So what they're really looking for mostly is the HR and the employee experience and that's what really sets DSI apart. You know, first HR is in our DNA or our executive team has decades of HR experience. Our platform is 100% proprietary and built from the ground up. Everything we do is customized and co-branded along with a dedicated account manager 100% US-based customer service team and we're the only standalone dedicated vendor. So 100% of what all of our employees do is just dependent verification.
Who is a good fit for Dependent Specialists, Inc.?
So about 99% of all of our clients come through our partnership with benefit brokers. So really any broker that has a group of 50 or more employees is a good fit. Certainly, self-funded groups are ideal because when they're paying claims directly ineligible dependents skew 30% or higher in claims dollars. So both public and private. Any group with 50 or more employees who have at least one dependent on the plan.