by Robert J. Crowder CLU, GBA | Sep 21, 2017 | Benefits Costs, Employee Benefits, Third Party Administration
A Third Party Administrator (TPA) is an organization that manages employee group benefit plans on behalf of an employer. A TPA can provide more cost-effective and flexible group insurance administration for small and mid-sized businesses than larger traditional...
by Mike Ignatz | May 5, 2016 | ASO Benefit Plans, Employee Benefits, Third Party Administration
Employers may want to make changes to their benefits plan for a variety of reasons. For example, they may be in search of more favourable pricing; in fact, a lot of advisors tell employers that they should “shop their benefits plan” every two to three years to attain...
by Mike Ignatz | Jan 8, 2016 | Third Party Administration
Is your company’s benefits plan provided by a conventional group insurance carrier? For many small and mid-sized businesses, the plans offered by big insurance providers can be restricting – both in terms of budget and benefits available. You are typically offered a...
by Mike Ignatz | Jan 9, 2015 | Employee Benefits, TBT Services, Third Party Administration
What exactly does The Benefits Trust do? What is a Third Party Administrator (TPA)? How can a TPA like The Benefits Trust help business owners build the right employee benefits plan for their needs? The Benefits Trust is excited to announce the launch of our new...
by Mike Ignatz | Sep 20, 2012 | Employee Benefits, Third Party Administration
At The Benefits Trust we see employee benefits plans differently than the big impersonal providers do. A benefits plan is a commitment—a promise—made by an employer to their employees. We also believe that employers should have complete control over their benefits...
by Karen Taylor Smith | May 2, 2012 | Employee Benefits, Third Party Administration
1. Which services do you provide in house and which do you outsource? With multiple providers involved, it is important to confirm the TPA’s privacy policy, as well as if any outside service provider is being used so they can be evaluated as well. Accurate claims...