EMPLOYERS NOW ENJOY THE FLEXIBILITY TO OFFER THE CORPORATE TRICARE SUPPLEMENT PLAN AS EITHER PRE- OR POST-TAX
Selman and Company’s Corporate TRICARE Supplement Plan is a valuable healthcare option that may be offered as a voluntary benefit through a Section 125 cafeteria plan.
Pre-Tax Payment Structure
The Corporate TRICARE Supplement can be offered pretax through a cafeteria plan. This arrangement gives TRICARE eligible employees an opportunity to save in their premium costs by taking payment directly from their pay checks prior to being taxed. Pretax benefits enable employees to set aside money on a tax-free, salary-reduction basis as employers seek to keep the costs of employee benefits under control, and employees seek to maximize their take-home pay, pretax benefits such as the Corporate TRICARE Supplement Plan are increasingly attractive as a desired method of payment.
Post-Tax Payment Structure
For employers who want to make the Corporate TRICARE Supplement Plan a part of their benefits offering, but do not wish to make the plan available on a pretax basis you can do so on a post-tax basis. Employees may not be able to maximize take home pay, but the Corporate TRICARE Supplement Plan will continue to have its cost-saving benefits.
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)