What does playing a piano and validating decedents have in common? They both look simple to do from a spectator perspective, but to actually perform well is another story. It takes years of experience and vast knowledge to become accomplished at playing the piano or validating decedents. The death [continue reading]
It seems more and more death matching services are making claims about how many deaths they find while presenting nothing to back up their numbers. At Berwyn, we do an analysis every year to make sure our CertiDeath claims are current and verified. In fact, our most recent analysis [continue reading]
Pension plans and insurance companies have a lot on their plate, so it isn’t uncommon for their death audit process to get overlooked. It may often be seen as checking a box to make sure there’s some form of a death audit process in place. However, not taking a [continue reading]
We often hear from organizations that run an annual or semi-annual death audit and think they are doing enough. However, they are likely choosing a path that ends up costing them more in overpayments and time. It’s important to have continuous monitoring of your population and take a proactive approach. [continue reading]
Pension plan participant management is more challenging than ever. That’s why we’ve put together four quick tips for plan administrators to help better manage their plan: Tip #1: It starts with an accurate and validated death audit. Finding all decedents requires massive amounts of resources, skills and time – simply [continue reading]
The continuing degradation of the Social Security Administration's Limited Access Death Master File (DMF) makes the choice of a death audit vendor increasingly important. What are the essential aspects to consider in this selection? What important questions should you ask potential vendors? To assist you in this important decision-making [continue reading]
The decline of data accessible via the Social Security Administration Death Master File (DMF) in 2011 redefined the Death Audit category. With this change, Death Audit providers became Death Data providers. This shift added complexities to death identification resulting in a significant number of missed deaths and associated overpayments [continue reading]
More and more, insurance companies who rely primarily on the SSA Limited Access Death Master File (DMF) are missing huge numbers of unreported deceased policyholders. In fact, our Mortality Analyses we perform for prospective clients often reveal thousands of missed deaths. It’s not the fault of insurance companies. For [continue reading]
