Retiree Plan Management

If you have a retiree plan, we can assist you with the plan participant’s transitioning to a retiree plan and the ongoing retiree plan administration. We administer the Medicare Age-In process, Medicare Creditable Coverage notifications, and retiree premium direct billing.

Evidence of Insurability Administration

Plan sponsors offer various voluntary benefit plans to their plan participants with coverage limits. BSC can assist plan sponsors in complying with Guaranteed Issue (GI) limits. We can determine if the amount elected exceeds the pre-determined GI during the newly eligible enrollment or open enrollment period. If necessary, we can complete the enrollment and adjust the coverage amount down to the GI limit and send the plan participant an Evidence of Insurability (EOI) form or, if available, send a communication directing them to the voluntary benefit carrier site to complete the EOI online.

Once the carrier approves or denies the excess coverage above the GI, we will notify the plan participant of the outcome. If excess coverage was approved, we increase the coverage, adjust the deduction as necessary and send new deductions to the appropriate entity.

Voluntary Employee Benefit Associations

BSC offers administrations services for all types of Voluntary Employee Benefit Associations (VEBA).