Processing a death audit encompasses considerably more than just identifying fraud. This process allows you to maintain accurate records, meet regulatory requirements, accurately calculate liabilities and ensure your organization is acting in the best interest of participants and/or beneficiaries.
Platinum Web-Based Death Audit Service
PBI’s Platinum Web-Based Death Audit Service provides the ultimate in flexibility while integrating access to participant address history, relatives and obituary records. Now using a single log-in you can verify and disposition your records in real-time, saving time and money. No other supplier combines best-in-class data (information) into a single application to efficiently validate and disposition death records. Let PBI streamline your work-flow, save your company time and money, and provide peace of mind your plan is acting in the best interest of participants.
WEB-BASED CONTINUOUS MONITORING PROCESS
PBI provides actionable data
Platinum Web-Based Death Audit Service:
PBI’s NEW PLATINUM PLUS SOLUTION PROVIDES THE ABILITY TO IDENTIFY DEATHS WHEN NO DEATH RECORD EXISTS!
What’s the PLUS? It’s the ability to identify deaths not reported in the SSA DMF or other state vital record sources. Our NEW revolutionary service was created to identify potential deaths through a proactive obituary sweep. However, obituaries as a standalone service are not enough. PBI has integrated the ObitPro™ database into our web-based death audit platform AND our proprietary Research Center to validate if a potential obituary is in fact your participant. This entire process is performed in seconds with no data entry required!
The SSA DMF is missing records, which has resulted in pension fraud (payments made to those not entitled) and limited the ability of insurance companies to identify decedent’s to reunite beneficiaries with insurance proceeds.
On 11/1/11 the SSA stopped including state protected death records into the Public SSA Death Master File (DMF). SSA re-interpreted Section 205r of the Social Security Act and determined it could no longer disclose state death records unless they were independently reported to the SSA.
WHAT’S THE IMPACT?
4.2 million records were removed from the Public DMF in November of 2011. 920,00 fewer death records are being added per year This represents a 40% decrease in deaths reported per year from the SSA
PBI recognized the unintended consequences of the reduction in records. We have also worked tirelessly to get it restored. However, as the presidential election, fiscal cliff and gun control took center stage on Capitol Hill, we knew something needed to be done and there was no “quick fix”.
PBI developed a solution to Identify deaths even when no death record exists!
As the Industry Leader in Death Audit Processing; PBI was resolute in our mission to develop a solution for our clients while our efforts continued to get the DMF restored.
Standard Death Audit
For decades thousands of clients have utilized PBI’s standard death audit service. Some prefer the convenience of having PBI generate and deliver static reports to them via; PDF, Excel and CSV format. PBI is pleased to continue supporting clients with standard death audits if that’s their preference. Clients have an array of flexible Standard Death Audit report options which include; annual, quarterly, monthly or weekly reporting. Files are easily uploaded to PBI using our Secure File Transfer (SFT) site and clients receive instant email confirmation of receipt. PBI will generate reports based upon your desired frequency. An e-mail notification is sent as soon as a report is available, and reports will remain available on the SFT file for up to 90 days, for the convenience of our clients to view.
STANDARD DEATH AUDIT – STATIC REPORT PROCESS
Standard Death Audits
Death Audit Subscription
PBI offers clients a variety of cost-effective subscription options through our standard death audit platform. Clients who take advantage of subscriptions receive a discounted rate and experience a reduction in overhead for file creation while still minimizing their risk of overpayments.
SUBSCRIPTION DEATH AUDIT PROCESS