The true cost of an employee group benefits plan is more than the plan’s premium. The plan must be administered, and administration is a time consuming, inefficient, and costly part of employee benefits. Benefit plan admin is usually a process of never ending paper chasing for enrollments and other forms, while maintaining a wall of post-it note reminders of important dates as well as an excel sheet to cross reference against insurance company admin websites and invoices.…

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For years, Third Party Administrators (TPAs) have been the norm in the United States. Their ability to knit together insurance carrier products to make best-in-class benefit packages while controlling costs, along with the administration and billing efficiencies they bring, have made them the obvious choice for managing employee group benefit plans. Although TPAs have been around for a long time in Canada they have only recently started picking up steam…

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