In an effort to increase efficiency and streamline the payment process, Texas A&M University System Benefits Administration (SBA) is creating a centralized, in-house billing team to administer your insurance billing. The new SBA Insurance Billing Office will provide billing and payment processing services for insurance premium payments for all Retirees, Survivors, Graduate Fellows, and employees on leave beginning December 1, 2020. At that time, the P&A Group will no longer be administering billing or ACH services for these groups.
- In the coming weeks, if you are enrolled in insurance billing, you will receive one or more letters regarding the options you have for potentially changing your method of premium payment.
If you are receiving monthly retirement funds from TRS, you can now have your premiums deducted from your monthly annuity before it is deposited to your bank account in the same way that Medicare premiums are deducted from your social security check. This way you do not have to worry about budgeting money to pay your insurance premiums.
- If you are signed up for automatic draft payments (ACH), you may want to use the new method mentioned above if you are a TRS retiree.
If you are a retiree enrolled in insurance billing and would like to go ahead and change your payment method before your letter reaches you, contact us via email at SBAInsurance-Billing@tamus.edu or by telephone at (979) 845-0015. Our Customer Service hours are Monday through Friday, 8 a.m. to 5 p.m. CST.