Hewitt Acquires Dependent Eligibility Audit Provider

May 6, 2010 (PLANSPONSOR.com) - Hewitt Associates announced it has acquired HRAdvance Inc., a benefits dependent audit services company.

HRAdvance has a suite of products tailored for companies looking for ways to reduce their health care costs. A news release said Plan-Smart offers employers a comprehensive audit of their covered dependents to identify potential cost savings from identifying ineligible dependents, and Plan-Guard is an ongoing solution that helps companies ensure dependent eligibility at the time of enrollment.   

HRAdvance will become part of Hewitt’s Point Solutions business in Benefits Outsourcing, which provides a range of services designed to solve productivity, compliance, and attraction/retention problems.  

“HRAdvance’s scalable, proprietary platform and its experienced team bring important enhancements to Hewitt’s existing dependent audit capabilities. We’re optimistic about the future growth opportunities this acquisition will bring for our Point Solutions business,” said Russ Fradin, Hewitt’s chairman and chief executive officer, in the news release.  

More about HRAdvance is at http://www.plan-smart.com.