What's Changed?

Over the last few years a lot has happened with BeniComp Select, including the development of a dedicated Customer Service team, process digitization, and the creation of digital tools to improve customer experiences.

On the Accounting side, we’ve completely overhauled our manual processes to deliver safe, secure and quick medical reimbursement to our participants. As part of this digitization, electronic invoices will be sent via email, with associated claims documentation.

We invite you to check out our running list of new developments below.

Estimates in Seconds

Looking for a BCS policy estimate? Use our Proposal Calculator to estimate:

  • Annual Cost per Employee
  • Annual Participation Premiums
  • Maximum Annual Costs, and more!
     

proposal calculator

Submit Online Claims

There’s now a simple, easier way to submit your claims and all supporting documentation at one time!

submit a claim

Pay Your Claims Quickly

Our goal is to reimburse executives as quickly as possible to avoid putting financial strain on key executives. 

setup direct deposit

Executive Physicals

As we continue to explore ways to enhance the BeniComp Select experience, we recently inquired with all BeniComp Select client contacts about their interest in a few different executive health plans that we've researched and visited. The response has been overwhelmingly positive. If you are interested in this service, or have other questions or requests, then please let us know by completing this form.

executive physicals

Don't Have a BeniComp Select Policy?

Ready to get started with BeniComp Select? Click here to enhance your executive medical plans today!

get started 

Letter from Our President

BeniComp​ ​Select​ ​remains​ ​fully​ ​excepted,​ ​fully​ ​approved​ ​by​ ​the​ ​laws,​ ​and​ ​exempt from​ ​certain​ ​restrictive​ ​rules.​

To​ ​our​ ​valued​ ​clients:

Since​ ​the​ ​late​ ​1980s,​ ​Executive​ ​Medical​ ​Reimbursement​ ​(​BeniComp​ ​Select​ since 2002)​ ​has allowed​ ​companies​ ​to​ ​provide​ ​supplemental​ ​insurance​ ​for​ ​executives,​ ​uniquely organized​ ​by​ ​class,​ ​that​ ​covers​ ​eligible​ ​claims​ ​not​ ​paid​ ​by​ ​their​ ​primary​ ​health​ ​plan. This​ ​became​ ​more​ ​significant​ ​in​ ​the​ ​last​ ​five​ ​years​ ​as​ ​companies​ ​raised​ ​the deductibles​ ​on​ ​primary​ ​health​ ​plans​ ​and​ ​reduced​ ​ancillary​ ​benefits,​ ​such​ ​as​ ​dental or​ ​vision,​ ​which​ ​pushed​ ​additional​ ​claims​ ​through​ ​BeniComp​ ​Select.

Over​ ​the​ ​years,​ ​HIPAA,​ ​EEOC,​ ​and​ ​ERISA,​ ​have​ ​imposed​ ​non-discrimination​ ​rules​ ​on the​ ​primary​ ​health​ ​plan.​ ​However,​ ​BeniComp​ ​Select's​ ​“Supplemental,​ ​Fully​ ​Insured, Exempt”​ ​filing​ ​has​ ​allowed​ ​executives​ ​to​ ​maintain​ ​their​ ​coverage.​ ​On​ ​October 31​st ,2016,​ ​the​ ​Department​ ​of​ ​Labor​ ​(DOL),​ ​Internal​ ​Revenue​ ​Service​ ​(IRS),​ ​and Centers​ ​for​ ​Medicare​ ​&​ ​Medicaid​ ​Services​ ​(CMS)​ ​issued​ ​a​ ​Final​ ​Rule​ ​ ​reaffirming BeniComp's​ ​position​ ​as​ ​being​ ​exempt.

With​ ​the​ ​reaffirmation​ ​of​ ​the​ ​BeniComp​ ​Select​ ​product,​ ​executives​ ​can​ ​file medically​ ​necessary​ ​claims​ ​such​ ​as​ ​eating​ ​disorders,​ ​smoking​ ​cessation,​ ​diet management,​ ​fitness​ ​trackers​ ​(including​ ​smart​ ​watches),​ ​out-of-network​ ​executive physicals,​ ​etc.

BeniComp​ ​Select​ ​remains​ ​fully​ ​excepted,​ ​fully​ ​approved​ ​by​ ​the​ ​laws,​ ​and​ ​exempt from​ ​certain​ ​restrictive​ ​rules.​ ​Companies​ ​can​ ​offer​ ​BeniComp​ ​Select​ ​to​ ​a​ ​few​ ​key employees​ ​without​ ​the​ ​requirement​ ​to​ ​offer​ ​the​ ​same​ ​coverage​ ​to​ ​all​ ​employees. We​ ​are​ ​very​ ​excited​ ​about​ ​how​ ​these​ ​new​ ​rules​ ​will​ ​protect​ ​you.

For​ ​more​ ​detail​ ​please​ ​visit​ ​www.benicompselect.com​.​ ​For​ ​questions,​ ​please​ ​email This email address is being protected from spambots. You need JavaScript enabled to view it.​.

Thank​ ​you​ ​for​ ​doing​ ​business​ ​with​ ​us. ​ ​ ​--​ ​Doug​ ​Short,​ ​President​ ​&​ ​CEO​ ​of​ ​BeniComp

 

If you have any questions, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or call our BeniComp Select Customer Service team at 1-866-797-3343.