What is a qualified TPA?

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Updated: 3/27/2003 1:09 pm
A Third-Party Administrator, or T.P.A., is a person or company which handles the administration of group plans, including premium accounting, maintaining lists of employee eligibility, and claims. The T.P.A. is not involved in the contract between the employer and the insurer, but is employed to maintain all records regarding the persons covered under the group insurance plan. T.P.A.s are also authorized to pay claims for the insurer. A Third Party Administrator is beneficial to large groups or smaller groups with multiple plans. In either case, insurance administrative duties can become too complex and time consuming to be handled by the group. T.P.A.s can often lessen the burden of keeping up with insurance coverage and claims. For more information on Third Party Administrators, contact your insurance company.

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