Selman and Company Provides the Tools and Experiance
SELMAN AND COMPANY makes it easy to offer our Corporate TRICARE Supplement Plan to your eligible employees. Our experienced implementation team has successfully set up over 1000 employer groups. We have the knowledge and dedication to make it work for you.
There are a few key decisions required when setting up this plan. You must decide whether to offer our plan through a payroll deduction or have Selman and Company bill your employees directly. If you have a qualified Section 125 cafeteria plan established, you may offer our Corporate TRICARE Supplement Plan as a voluntary pretax benefit to eligible veterans. This option provides the best value to your employees.
If you do not have a qualified cafeteria plan you may still offer the plan on a payroll deduction basis. However, you must set it up as a post-tax deduction. Your employees don’t benefit from the tax savings but they still get the peace of mind a good health care plan brings.
If the payroll deduction option is not attractive, we can offer this supplement to your employees and bill them directly. They will have the option to pay through an Electronic Funds Transfer (EFT) deduction from their bank account or by check. The EFT billing is done monthly and saves your employees from the hassle of mailing their payment. Our check option can be billed quarterly, semi-annually, or annually. Either way, we process their payments promptly and accurately.
Another key decision when setting up the Selman and Company Corporate TRICARE Supplement plan is who will handle enrollments. Whether you choose to enroll your eligible employees or have us handle that process, we have the experience to make the implementation smooth and painless.
Our team will work with your staff to determine the key data elements required and to establish a clear and consistent flow of information between the organizations. We focus on handling as much electronically and using standardized HIPAA file formats to reduce administrative overhead, although we can handle other formats and mechanisms. Our goal is to provide the flexibility to make this process work for everyone.
Selman and Company is proud to be the only company offering a corporate TRICARE supplement to employer groups. We value each relationship and work hard to make each corporate client a true partner in bringing cost-effective benefits to eligible military retirees. Our implementation team helps you set up the program and communicate it to your employees. We work side by side each step of the way with the goal of making our Corporate TRICARE Supplement Plan a valuable addition for you and your employees.
The Corporate Plan Sponsor: Government Employee Association (GEA)
Plan Administer: Selman and Company
Underwritten by: Transamerica Premier Life Insurance Company, Cedar Rapids, IA Transamerica Financial Life Insurance Company, Harrison, NY (NY residents only)