Several public health insurance systems cover approximately 36% of the US population. These include Medicare, Medicaid, State Children’s Health Insurance Plan, the Indian Health Service, the Veterans Administration, and TRICARE, formerly known as CHAMPUS, according to the latest Kaiser Family Foundation data.
In general, TRICARE is available to military persons who are Active Duty, Activated Guard/Reserve, or Retired. The program also extends to spouses and dependents.(1) How many of the nearly 9.4 million TRICARE-eligible beneficiaries does your organization employ? Keep reading to find out how it’s in your company’s interest to offer them a special voluntary benefit, called a TRICARE Supplement. (Spoiler: This insurance also happens to be one of the easiest voluntary benefits for HR to set up and manage because it can be fully outsourced.)