Healthcare Cost Strategies – Immediate Verification of Benefits

The second part of this example is that the student-athlete gave you the insurance card and it was never really an active card to start with. Therefore any injury that occurs will result in you paying more than you had planned on paying. If you are a school that requires coverage in order to play, you should be immediately verifying those cards each time you are given one and should also be checking all cards on a regular basis to look for any loss in coverage. There are companies that can do this for you. The cost of doing this step could save you thousands of dollars each time you catch a case where coverage is lost or no longer valid. By taking this step you will know what your exposures are and what next steps to take. Learning after the fact is the worst way to find out this information. Remember, bad news never gets better with time, so find out early.

Contact us if we can assist you and your institution in partnering with companies that provide such services.

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