State of Minnesota Dependent Audit

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Presentation transcript:

State of Minnesota Dependent Audit Estimated Savings State of Minnesota Dependent Audit Savings Estimates for Document Model Review Year # Dependents Audited # Ineligibles Removed Med & Rx Savings per Ineligible Removed Total Med & Rx Savings Audit 70,000 Year 1 4,900 $2,720 $ 13,328,000 Year 2 $2,918 $ 14,298,200 Year 3 $3,131 $ 15,341,900 Year 4 $3,358 $ 16,454,200 Year 5 $3,603 $ 17,654,700 Total $ 77,077,000 The savings estimates are based on 50,000 employee households with one or more dependents, and a total of 70,000 dependents. The average dependent spend is conservatively estimated at $3,400 annually. Estimate assumes a 7% reduction in dependent headcounts. 7