INDEPENDENT BENEFIT AUDITING

Steven Wisneski RHU, LHIC

 

  • Do we know what our true benefits costs are?
  • Are premiums accurate?
  • Do we completely understand our benefits coverages?
  • Do we understand how our premiums are calculated?
  • Is enrollment keeping pace with employee turnover?
  • How many people are enrolled in our plans?
  • How many people are enrolled in our plans…. who are not eligible?
  • Which plans are required to be offered under COBRA?
  • What is our Return On Investment on our Voluntary Benefit Plans?
  • Have these criteria been updated according to the contract requirements?  
  • Are they current?  
  • What are the implications if they are not? 
  • Can policies be cancelled by insurance companies?  
  • Can premiums be invoked retroactively by insurance companies?
  • Do we understand how our Employee Benefits Strategy integrates with our Strategic Compensation Plan to meet Corporate Goals and Objectives?

 

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