State Employees’ Insurance Board

What State Employees’ Insurance Board does

State Employees' Insurance Board (SEIB) is a state government agency of Alabama, established in 1965 and headquartered in Montgomery, responsible for administering health insurance and flexible benefits for the state's active and retired employees and their dependents. The agency operates the State Employees' Health Insurance Plan (SEHIP), which covers approximately 32,600 lives, and the Alabama Flexible Employees' Benefits Board (FEBB), which provides HRA, FSA, and voluntary insurance products. Core plan administration is outsourced to a defined stack of carriers: BlueCross BlueShield of Alabama handles medical, Prime Therapeutics handles pharmacy, Optum Financial administers FSA/HRA accounts, Humana provides Group Medicare Advantage for Medicare-eligible retirees, and Southland Benefit Solutions offers dental, vision, cancer, and hospital indemnity products. SEIB also operates the SEIB Wellness Center in Montgomery, which delivers on-site urgent care, a full-service pharmacy including specialty and mail-order, and coordinates preventive screenings in partnership with ADPH.

SEIB's business model is funded through member premium contributions collected via automatic payroll deduction for active employees and retirement-check deduction for retirees, supplemented by state government appropriations. Pricing follows a tiered subscription model with multiple monthly tiers for active employees, non-Medicare retirees, and Medicare-eligible retirees, and offers premium discounts for non-tobacco users ($65/month), wellness participation ($50/month), spousal surcharges, and Federal Poverty Level adjustments (10-50%). Distribution is direct-to-member through the mySEIB online portal, annual open enrollment in November for January 1 effective dates, and three regional benefits advisors covering Southeast, Southwest, North, and Montgomery geographies. The organization has 51-100 employees, is governed by the SEIB Board and Flexible Benefits Board under statutory authority from the State of Alabama, and holds no external investors or parent entities beyond the state government. Technology partnerships extend to Hinge Health, Virta Health, Teladoc, TruHearing, and Visa for the Flexible Spending Card payment network.

Name

State Employees’ Insurance Board

Legal name

State Employees' Insurance Board

Website

https://alseib.org

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

51–100 employees

Short description

SEIB is a State of Alabama government agency that administers health insurance, flexible benefits, and wellness programs for approximately 32,600 active state employees, retirees, and their dependents, using outsourced carriers (BCBS, Prime, Optum, Humana, Southland) for plan administration.

Ownership category

akta.pro rank

Product category

Government Health Insurance

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120), Insurance Agencies and Brokerages (52421)

SIC

Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Eligibility, Enrollment & Benefits Administration (HLAEALAH)

akta.pro secondary industries

Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN), COBRA & Direct Billing Administration (HLAEALAC)

Keywords

• State employee health insurance
• Government health benefits administration
• Medicare advantage plans
• Flexible spending accounts
• Wellness program administration

Headquarters

HQ city

Montgomery

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. State Employee Health Insurance Plan (SEHIP) Premiums: SEIB is funded through monthly premium contributions from state employees and retirees via payroll deduction, combined with state government contributions. Active employees have premiums deducted from their paychecks. Retirees have premiums deducted from their retirement benefits.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

The State Employees' Insurance Board (SEIB) is a state agency of Alabama that administers the State Employees' Health Insurance Plan (SEHIP), providing medical, pharmacy, dental, vision, cancer, hospital-indemnity, TRICARE supplement, Flexible Spending Account (HCRA/DCRA), and Medicare Advantage coverage to active state employees, retirees, and their dependents. Coverage is funded through monthly premium contributions collected via payroll or retirement-check deduction, with multiple premium discounts available. The agency also operates the on-site SEIB Wellness Center and the mySEIB member portal for enrollment, claims, and account management.

Product overview

The State Employees' Insurance Board (SEIB) offers a comprehensive health benefits platform for Alabama state employees and retirees. The core offering is the State Employees' Health Insurance Plan (SEHIP), a basic hospital medical coverage administered by BlueCross BlueShield of Alabama with pharmacy benefits from Prime Therapeutics. Members can supplement their coverage through multiple optional modules including the Premium Cash Option (PCO) and Limited Purpose HRA for tax-advantaged account-based benefits, as well as dental, vision, cancer, and hospital indemnity policies through Southland Benefit Solutions. For active employees, SEIB provides Flexible Spending Accounts (HCRA and DCRA) administered by Optum Financial. Retirees have access to Medicare Advantage (via Humana), Supplemental Plans, and Retiree Only HRA. Additional wellness resources include the on-site SEIB Wellness Center with clinic and pharmacy services, along with partnerships for telemedicine (Teladoc), diabetes management (Virta Health), and fitness facility discounts. The mySEIB member portal provides centralized access to benefits information and account management.

Differentiator

Problem solved

Functional benefit

Products and services

• State Employees' Health Insurance Plan (SEHIP) Basic hospital-medical coverage administered by BlueCross BlueShield of Alabama with pharmacy benefits through Prime Therapeutics, providing health benefits to active Alabama state employees and their dependents via automatic payroll deduction.
• Group Medicare Advantage Plan Group Medicare Advantage Plan administered by Humana for Medicare-eligible retired Alabama state employees, providing medical coverage coordinated with Medicare Parts A and B.
• BCBS Dental Plan Managed care dental program with over 1,750 dentists providing diagnostic and preventive services at 100% coverage with no deductible, plus basic and major services subject to deductibles and annual maximums.
• Southland Dental Plan Dental program with one of the largest dental networks in Alabama, comparable to BCBS plan with differences in deductibles, co-pays, and maximum benefits; does not provide orthodontic benefits.
• Vision Policy Southland Vision coverage helping offset costs for eye examinations, prescription lenses or contacts, and eyeglass frames with no network requirement.
• Cancer Policy Southland cancer coverage providing specified benefits for hospital confinement, anesthesia, hospice, ambulance, blood/plasma, nursing, physician, prosthetic devices, radiation/chemotherapy, and surgical procedures.
• Hospital Indemnity Coverage Southland hospital indemnity coverage paying specified benefits directly to members regardless of other coverage.
• Selman TRICARE Supplement Supplement for military personnel and dependents with TRICARE coverage to cover copays, coinsurances, and deductibles; for non-active-duty, non-Medicare-eligible members under age 65.
• Southland Optional Plan All-in-one plan providing dental, vision, cancer, and hospital indemnity coverage administered by Southland Benefit Solutions at no cost to participants.
• Health Care Reimbursement Account (HCRA) Pre-tax flexible spending account for eligible medical expenses including prescriptions, doctor copays, deductibles, and coinsurance; includes a $50 credit for members enrolling with a minimum $120 annual contribution.
• Dependent Care Reimbursement Account (DCRA) Pre-tax flexible spending account for eligible dependent care expenses while the employee or spouse works or attends school full-time.
• SEIB Wellness Center On-site clinic providing urgent and acute care for SEIB members and covered dependents age 12 and older, plus a full-service pharmacy including specialty pharmacy and mail delivery services.
• mySEIB Member Portal Online member portal providing access to health resources, benefit information, wellness screenings, premium calculators, and account management for SEIB members.

Quantifiable outcome

• Non-tobacco user discount of $65/month per person
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BlueCross BlueShield of Alabama (BCBS)coreTechnology or IntegrationBCBS of Alabama administers the State Employees' Health Insurance Plan (SEHIP) as the primary medical coverage. They also provide dental insurance through a network of approximately 1,750 dentists covering 89% of Alabama dentists. BCBS administers supplemental coverage plans for employees with other group health insurance.
• Prime TherapeuticscoreTechnology or IntegrationPrime Therapeutics administers prescription drug benefits under the SEHIP plan, managing pharmacy benefits for all covered members.
• Optum FinancialcoreTechnology or IntegrationOptum Financial administers Flexible Spending Accounts (FSA), Health Reimbursement Accounts (HRA) including Premium Cash Option (PCO), Limited Purpose HRA, and Retiree Only HRA. Handles claims processing and reimbursement for pre-tax benefit accounts.
• HumanacoreTechnology or IntegrationHumana provides Group Medicare Advantage Plan for Medicare-eligible retirees. Medicare-eligible members are automatically enrolled unless they complete an opt-out form. Humana provides medical coverage coordination with Medicare Parts A and B.
• Southland Benefit SolutionscoreTechnology or IntegrationSouthland administers the Optional Insurance Plan providing dental, vision, cancer, and hospital indemnity coverage. Also provides vision and cancer stand-alone policies. Offers dental network and coordinates with other coverage.
• Selman CominorChannel Partner/ Reseller/ DistributorSelman Co administers the TRICARE Supplement for military personnel and dependents who are not active duty, not Medicare eligible, and under age 65. Helps cover copays, coinsurances, and deductibles.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• CalPERS Health Benefits Program: California Public Employees' Retirement System administers health benefits for ~1.5 million California state, school, and local government members. Directly comparable as a public-sector benefits purchaser and administrator with employer-sponsored plan design, regional advisor support, and Medicare Advantage retiree offerings.
• State Health Benefits Program (NJ): New Jersey Division of Pensions & Benefits administers the State Health Benefits Program for ~800,000 New Jersey state and local government employees, retirees, and dependents. Operates with the same statutory-monopoly structure over a public-sector employee base, with comparable plan design and retiree Medicare integration.
• NYSHIP (New York State Health Insurance Program): NYSHIP provides health insurance coverage to ~1.2 million New York state and local government employees, retirees, and dependents through Empire Plan and HMO options. Equivalent scale and statutory role with comparable Medicare-eligible retiree auto-enrollment mechanics.
• North Carolina State Health Plan: North Carolina State Health Plan for Teachers and State Employees provides coverage to ~720,000 active and retired members administered through a Board of Trustees. Comparable in governance structure (state-chartered board, statutory authority) and member composition (state employees, teachers, retirees).
• Florida State Group Insurance Program: Florida Department of Management Services administers the State Group Insurance Program covering state employees, retirees, and dependents with medical, dental, vision, and supplemental options through contracted carriers. Operates with a near-identical GTM motion to SEIB (open enrollment, regional support, payroll deduction).
• Public Employees Benefits Board (Washington): Washington State Health Care Authority's PEBB program administers benefits for ~370,000 Washington public employees, retirees, and dependents — state agency, school employees, and higher education. Operates as a public-sector benefits purchaser with similar retiree Medicare integration and wellness program structures.
• Texas Employees Group Benefits Program: Texas Employees Retirement System of Texas administers health insurance (HealthSelect) for ~520,000 state employees, retirees, and dependents. Closely mirrors SEIB's role: state-agency administrator purchasing fully insured and self-funded arrangements from major carriers with regional service support.
• Georgia State Health Benefit Plan: Georgia Department of Community Health administers the State Health Benefit Plan covering ~660,000 state employees, teachers, retirees, and dependents. Directly comparable public-sector benefits purchaser with regional Medicare Advantage retiree integration and TPA-style administration.

Regional players

• Employees' Retirement System of Alabama (RSA): Alabama's RSA manages retirement benefits for state employees and coordinates with SEIB on retiree health premium eligibility. Adjacent state agency within Alabama governance (same geography, overlapping board representation such as Dr. David Bronner) but retirement-focus rather than active health-administration.

Others

• BlueCross BlueShield of Alabama: SEIB's primary medical TPA and dental administrator. Largest commercial health insurer in Alabama with deep public-sector penetration; comparable as a regional carrier that administers employer-sponsored plans but does not directly compete with SEIB (rather, supplies its core medical infrastructure).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alseib1

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Employees’ Insurance Board