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Infographic
- 1. 2000 2004 2008 2012 2016 2020
What’s
Driving
Regulation?
andFraudulent
Benefit Claims
Improper Payments
Increasing verification request volumes
will demand FIs:
Commit personnel and resources
Shoulder the rising processing costs
Risk exposing sensitive customer data
to unsecured third parties
New Medicaid enrollees
by 2022
SSI Applicant Growth
in millions of persons
Projected
enrollees
5.0
10.0
15.0
20.0
Increasing
Demand for SSI
and Medicaid
39million
Boomers
in 2008
Best Practice for
Managing EscalatingVolume
of SSI and Medicaid Asset Inquiries
Medicaid
Expansion
Affordable Care Act
17million
4.4million
Supplemental Security
Income (SSI) requests in
2013, up from
1.4 million
in 2011
21.3million
4.4M
3.3M
2011 2012 2014
1.4M
Medicaid requests
by 2014, up from
1.5 million
in 2013
UP
UP
1.5M
17M
75million
Boomers by 2031
when the youngest boomers
will have reached age 67
Medicaid requests
329%
increase
in SSI asset
verification
requests
since 2011
©2014 Early Warning Services, LLC. All Rights Reserved. All trademarks referenced in this material are property of their
respective owners. Sources include: 1
2014 National Academy of Social Insurance; 2
2014 Kaiser Commission on Medicaid;
3
2013 Accuity Report; 4
paymentaccuracy.gov”
✓
1
2
Benefits:
Early Warning
Data Security
You own the data.
You control its use. Always.
Strict Operating Rules govern use
– Fraud fighting purposes only
Operate in accordance with FCRA and
GLBA, supervised by OCC and CFPB
Accountable to 800+ contributing FIs
Improper SSI
Payments
in 2013
4.3BILLION
$
$
Fraudulent Medicare
and Medicaid
payments in 2013
65.3BILLION
Tolearn more and download Early Warning’s latest white paper
Using Collaborative Data to Mitigate Fraud in Government BenefitPrograms,
visit www.earlywarning.com/land-asv.php
2013 2014
Secure, fast, cost-effective and efficient process
for responding to government asset inquiries
Verifies account information claimed on
government benefits paperwork
Identifies accounts that may be
misrepresented or not disclosed at all
SM
improves asset verification requests through
Asset Search and Verification Service
SM
Early Warning
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