Overview

BeniComp Select is a 15 year old, fully insured policy that holds a certificate of insurance with the Department of Insurance and the Department of Labor in 41 states. BeniComp Select is a separate, supplemental plan that works in conjunction with benefits provided under an ACA base plan and is uniquely designed to fill in the gaps of primary coverage. BeniComp Select is an employee benefit that is regulated by the Department of Insurance and the Department of Labor, and is an excepted benefit as recognized by the Internal Revenue Service.

Fully Insured

BeniComp Select is a fully insured product that encompasses 3 types of risk:

1. Financial Risk: BeniComp provides aggregate protection to cover part of the maximum benefit amount. In addition, an Accidental Death and Dismemberment policy equal to the BeniComp Select Policy amount is provided with every BeniComp Select policy.
2. Statutory Risk: BeniComp Insurance Company is accountable to remaining within current parameters of federal and state law.
3. Compliance Risk: BeniComp Insurance Company ensures that clients have no exposure to legal penalties related to their BeniComp Select policy as long as the policy is purchased supplemental to an ACA compliant base plan.

Supplemental/Excepted Benefit

Benicomp Select is a supplemental policy designed to fill in the out of pocket gaps in primary coverage such as coinsurance or deductibles. It is provided under a separate policy of insurance in addition to an ACA compliant base plan. As defined by the Federal Register, BeniComp Select is an excepted benefit that is not subject to regulations imposed by the Affordable Care Act.

Federal Register: Not Subject to the Affordable Care Act

Federal Register: Not Subject to HIPAA, Excepted Benefit

Carrier Backing and Attestation  

BeniComp Select is issued on carrier paper and is backed by “A rated” carrier Pan American.

Pan American Attestation

Works with an S Corp

BeniComp Select is a fully insured, excepted benefit. Every claim is legitimized by section 213 of the IRS and is tax deductible to the employer and not imputed income to the employee, even in an S corp.

*Nothing we present should be interpreted as tax or legal advice. It is recommended that you seek independent counsel from a professional tax or legal advisor if you have any need for such advice or interpretation.

Deductible Medical Expenses

We miss having you as a customer and wanted to take this opportunity to reintroduce the tax advantages and flexible benefits available to your company through BeniComp® Select, our fully insured, supplemental group executive medical expense reimbursement policy.

Did You Know?

55 Years Strong

BeniComp has been in business since 1962, and is the largest executive medical reimbursement company in the country.

Tax Exempt

BeniComp Select (BCS) allows reimbursement for out of pocket medical expenses with non-taxable dollars.

Easy to Enroll

There's NO waiting period to add a supplemental benefit package to your existing base plan.

HIPAA Compliant

Conveniently & securely submit online claims.

Dependents Covered

Yes, out of pocket medical expenses for dependents are covered too!

Ready to reactivate your BCS policy?

Want to know what's new with BeniComp Select?

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.

BeniComp does not provide tax, legal or accounting advice. This website has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

World-renowned Canyon Ranch – plus your BeniComp savings

Canyon Ranch is more than a place -- it’s a state of mind and a way of life. Established more than 35 years ago, Canyon Ranch provides preventive, medical oversight through the vacation of a lifetime. When you arrive at their all-inclusive health resort, you will have Nurse Educators who will help you explore their options of services where you’ll discover a haven of joyful possibilities. It’s the getaway that helps you feel your absolute best. Plus, with your BeniComp savings, you’ll enjoy 25% savings during your stay, as well as deductibility for any IRS 213 expenses on services and other medical benefits.

All-Inclusive Canyon Ranch Health Resorts

Nutritious dining, impeccable service, and integrative approach to wellness are part of every Canyon Ranch experience. You will also have the opportunity to meet with top experts in medicine, nutrition, fitness, and integrative wellness to help you become the healthiest, happiest you. The scenery will be perfect, too, whether you choose the inspiring desert setting or the beautiful Berkshires.

Canyon Ranch in Tucson, Arizona

Enjoy hiking, biking, and other outdoor activities year-round in the lush Sonoran Desert. You might tackle the High Ropes Challenge Course, fine tune your swing in the state-of-the-art Golf Performance Center, or just relax by a pool with scenic mountain views.

Guide to Services

Canyon Ranch in Lenox, Massachusetts

The charming New England setting is ideal for seasonal activities, from stand-up paddleboarding and kayaking to hiking, snowshoeing, and cross-country skiing. Summer nights are filled with music, dance, and theater at nearby Tanglewood and other renowned performing arts venues.

Guide to Services

The BeniComp savings includes these exclusive savings:

• Guests who book at least 3 nights in Tucson or 2 nights in Lenox enjoy 25% savings on an all-inclusive, healthy stay.
• 15% off any Health Package added to the stay.
  Health Packages – Tucson
  Health Packages – Lenox

With your all-inclusive, healthy stay, you’ll enjoy:

• Gracious accommodations.
• Three nutritious meals daily, plus always-available healthy snacks.
• Generous allowance for spa, sports and integrative wellness services.
• More than 40 activities and fitness classes daily.
• Unlimited access to truly incredible facilities.
• Transfers to and from local airports or train stations, or complimentary valet parking (please call for details).

And, of course, every Canyon Ranch stay includes the warm, personal attention of our caring staff.

For reservations call 800-742-9000
Weekdays: 5 am to 8 pm
Weekends: 5 am to 6:30 pm
Mountain Standard Time (Pacific Time during Daylight Savings)

Simply mention “BeniComp Savings”

Minimum 3 night stay in Tucson, 2 night stay in Lenox; valid through December 23, 2018; blackout dates apply. May not be applied to existing reservations. This special may not be used in conjunction with Membership stays, and may not be combined with other special offers. Other restrictions may apply.