What is a third party administrator?

Third party administrators (TPA) help self-insured (or self-funded) groups manage their health insurance program by processing claims and administering other services. Being self-insured means the company assumes the financial risk of providing healthcare benefits to their employees while the TPA manages the day-to-day processes.

The services — and benefits — of using a TPA include:

• Expertise in designing your health plan
• Claims administration
• Case management services
• Employee communication support
• Customer service
• Reinsurance (excess loss) coverage