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General Motors recently announced it will conduct an audit to determine whether hourly workers' dependents enrolled in the automaker's health plans ar eligible for coverage, the Detroit Free Press reports. GM is attempting to reduce the $4.6 billion it spends p.a. on health care by removing ineligible dependents (Detroit Free Press, 8/13).
This is not the first health benefits audit GM has conducted, according to the Wall Street Journal. However, a GM voice said this audit volition be more extensive than previous efforts. GM notified its 67,000 hourly workers that they throw until Aug. 20 to voluntarily get rid of dependents world Health Organization are ineligible from their health plans. The carmaker last class spent $1.3 billion on health care for hourly workers and their dependents. Workers who are found to have standard health benefits for ineligible dependents power be compulsory to reimburse the company, the spokesperson said.
According to HRAdvance, removing ineligible dependents can redeem an employer between 2% and 5%. GM estimates that 5% to 10% of dependents enrolled in its wellness plans ar ineligible. Paul Fronstin, music director of health research and educational programs for the Employee Benefit Research Institute, said that health benefits audits are becoming more than common as employers search to boil down growing health care expenditure (Terlep, Wall Street Journal, 8/13).
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