A Case Study in Savings: Holly Corporation Plan-Smart™ Dependent Eligibility Audit:
An oil and gas producer in Dallas, TX spending $3,600 per dependent per year saved half a million dollars in first year cost savings.
Holly Corporation, a producer of high-value products such as gasoline, diesel fuel and jet fuel, operates through in New Mexico, Utah, Texas, and Oklahoma.
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● Lowering Healthcare Costs
● Eligibility Quality Controls
● What Can Go Wrong?
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Holly Corporation is committed to providing a competitive health plan for employees and their families. Their dedicated management team understands that employees are #1 asset and it is critical to maintain a comprehensive and fiscally healthy benefit plan in order to hire and retain top talent.
Holly Corporation realized their fiduciary responsibility to their employees and shareholders to uphold and enforce the eligibility rules as clearly stated in their policy and procedures.
Holly Corporation assessed the vendors in the marketplace that perform dependent eligibility audits and verifications and chose HRAdvance to perform their dependent eligibility audit and verification. HRAdvance was the only company whose service was designed to ensure associates were supported throughout the process.
Holly Corporation was surprised to find ineligibles during the first few weeks of the audit and the number continued to escalate.Click to download the full case study.
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