Third Party Administrator

If you're a business owner or HR professional researching group health insurance and employee benefits, you’ve probably come across the term Third Party Administrator, or TPA. But what does it mean? Here’s a simple breakdown to help you understand TPAs and how they fit into your employee benefits strategy. What Is a Third Party Administrator (TPA)? A Third Party Administrator is an outside company hired to manage specific aspects of an employer’s health insurance or employee benefits program. They’re not the insurance company—they’re the ones handling the details. Think of a TPA as your benefits manager behind the scenes. What [...]