Frequently Asked Questions

Welcome to TRICARE Supplements

Did you know… Military retirees that have launched their 2nd career with your organization already have a pre-paid health plan?
It is called TRICARE. The most common oversight by employers is not recognizing that TRICARE can be used as their primary coverage, rather than your employer sponsored health plan. Allowing TRICARE eligibles to opt out of your company’s plan and utilize their military benefit would create a potential cost reduction
EXAMPLE: 500 (eligible) x $4150* = $2,075,000 per year

*Kaiser/HRET survey of employer sponsored health benefits, 2010

All Categories

	What are TRICARE and the TRICARE Supplement?	Date : 4/12/2011
	TRICARE is a form of health insurance that is provided to military retirees by the Department of Defense. TRICARE Standard pays approximately 75% of healthcare costs and our Supplement pays the other 25% therefore, providing 100% healthcare coverage.
	TOP

	How do all employees benefit?	Date : 4/12/2011
	The overall employee population would benefit by having lower health insurance premiums. TRICARE and our Supplement plan carve out an older segment of prospective AMRA members, potentially lowering the average age on the current plans that you offer. As claims filed tend to increase with age, by carving out this older segment your claims experience would be favorably affected. This would work to the advantage of all employees, non-TRICARE eligibles as well, as premiums on your current medical plans would decrease.
	TOP

	Who is the American Military Retiree Association (AMRA)?	Date : 4/12/2011
	We are a 501c organization which gives voice to military retirees and disabled veterans. AMRA proudly sponsors TRICARE and CHAMPVA Supplements. Our Supplements are underwritten by AEGON Companies and administered by Association & Society Insurance Corporation (ASI).
	TOP

	What are the Highlights of TRICARE with the TRICARE Supplement?	Date : 4/12/2011
	• Pre-existing conditions covered • 100% of Hospitalization • 100% of Doctor's Office visits • 100% of Prescriptions • Pays the Government deductible • Any Doctor • Any Hospital • Not an HMO or PPO • One policy for all 50 states • Employer can payroll deduct • Plan is portable • No Claim Forms
	TOP

	Does the Corporate TRICARE Supplement compete with traditional health plans?	Date : 4/21/2011
	No. It is a non-competing plan designed to coordinate with a variety of benefit packages. Only a portion of employees are eligible, leaving a sufficient amount to enroll in traditional health plans without disrupting minimum participation requirements.
	TOP

	Is there a minimum participation requirement?	Date : 4/12/2011
	No. A successful enrollment can range from 1-5% of the total employee population.
	TOP

	What are some characteristics of organizations that the plan has benefited?	Date : 4/12/2011
	• They have job sites in areas of high military concentration • It is an industry that tends to attract military trained employees • It has a commitment to recruit and retain military trained employees • It would be a benevolent employer seeking high quality benefits to meet specific employee needs Most military retirees launch second careers with a corporation, defense contractor, or governmental employer such as a state, county, municipality or school district.
	TOP

	Will enrollers be provided during Open Enrollment?	Date : 4/12/2011
	Yes
	TOP

	How does ASI alleviate the administrative burden?	Date : 6/3/2011
	ASI provides marketing and enrollment materials, staff training, enrollers, billing, account administration, payment of claims, issuance of policy and I.D. cards to those insured, as well as live toll-free customer service. Industries Served: • Aerospace and Defense • State and Local Municipalities • Transportation • Automotive • Retail • Healthcare • Manufacturing • Construction and Facilities Administration Our experienced support staff is fully capable of answering all questions pertaining to TRICARE and how it works. Your prospective AMRA members will also have access to our knowledgeable customer service representatives to answer any of their questions specifically. The benefit office and corporate staff may contact Business Development and the Marketing Department directly with any questions. With Association & Society Insurance (ASI) as our full service administrator they will handle every administration function from billing to claims. An external firm conducts an audit once a year, while we conduct quality control reviews weekly. An AMRA member has 15 months from the date of TRICARE payment to file a claim. Claims turnaround is typically 7-10 working days. Open Enrollment Information We are able to contribute to open enrollment meetings by supplying materials, power point presentations, electronic applications, enrollment forms, conference calls, or attending an open enrollment meeting if warranted. Employers that participate in offering the supplement through a payroll deduction can enroll their eligible employees through several ways which include: submitting text files; excel spreadsheets; or HIPAA 834 Transaction Enrollment.
	TOP

Sitemap

Home
How It Works and Eligibility
Client Resources

Keep in Touch!
We will be glad to assist you if you have any questions!
Telephone: 1-800-899-1900
Email: info@tricareinsurance.com
Mail:TRICARE Supplements
1620 Main Street Building 5,
Sarasota, FL 34236