Nearly 10 million Americans are covered under the government health insurance program known as TRICARE. With that, we are pleased to offer a TRICARE Supplement as a voluntary benefit through SelmanCo, a subsidiary of One80 Intermediaries. Employers who offer this product to their eligible retired military employees may realize cost savings by creating a robust, alternative to the company’s major medical health insurance program. Eligible employees who can partake in this plan could receive reimbursement for out-of-pocket health care costs, such as prescriptions, co-pays, and cost shares.
TRICARE Supplemental Insurance Overview
The target classes and typical risks we focus on for this program are:
- Employees near military installations or in areas of high military concentration (TRICARE-eligibles tend to reside and work in these areas)
- Plan the timing of the offering of this supplement so that it can be presented with your offerings during open enrollment. SelmanCo can assist you.
- Employees affiliated with industries that attract military trained
individuals, including:- Aerospace
- Defense
- Government Contractors
- Manufacturing
- Municipalities
- Hospitals
- Security
- Technology
- Major Airlines
The available resources of this program are:
- Administrative Services:
- Product management
- Eligibility verification and policy fulfillment
- Employee notification
- Premium billing and collection
- Customer call center
- Claim processing
- Reporting
- Client Relationship Management
- Compliance
- Marketing Support
- Administered by SelmanCo
- Landing Pages | Websites | Online Enrollment
- Open Enrollment Support & Materials
- Employer Training & Employee Presentations
- Attendance at Benefit Fairs
- Marketing Materials
The key differentiators of this program are:
- Reduce exposure to the rising costs of healthcare for your employees
- Turn-key marketing; easy administration
- Great value-add for your employees