A Third Party Administrator (TPA) is an individual or an organization, which helps in processing of the insurance claims. These organizations or people are 'outsourced'. They take care of almost all works related to administration of reimbursement process and other services offered to the clients by the policy. A TPA works on behalf of Apollo Munich.
TPA is said to be the link between the Company and its clients.
Wednesday, January 27, 2010
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I have come across this term often while looking for health insurance plans; contact your TPA for this and that; and the TPA will give you a whole list of things, but I had no clue of what a TPA was. And till now I was under the impression that a TPA is the insurance company itself. This is a good and brief note on what it is and its job. Thanks.
ReplyDeleteI have Apollo Munich's plan and found it good, as TPA servcies are really good.
ReplyDeleteTPAs are helpful in early claim settlement or approvals. I purchased Maxima, Apollo Munich's extensive plan and was able to avail avail cashelss insurance facility through TPA.
ReplyDeleteTPA can be said to be a mediator between the insurance compnay and the polciy holder.
ReplyDeleteI agree... and good information about the TPA. Thanks for the same... Expect a lot from Apollo Munich too...
ReplyDeletei also agree... good info.. thanks...
ReplyDelete