What is a Third Party Administrator (TPA)?
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…