Third Party Administrators (TPA)
The purpose of a Third Party Administrator is to provide a wide range of plan administration services that simplify and ease benefits administrations responsibilities. It frees a client to focus its human resources department on core business objectives and employee development and retention. A TPA, such as D&R Insurance Administrators Inc., offers flexibility of coverage, quality and personalized service, frequent analysis of a plan and its suitability, and consistent personnel familiar with a client’s particular insurance needs in the event of a change of carrier.
Standard services covered by a TPA include:
- Control of employee data and information
- Preparation of employee wallet certificates
- Monthly invoicing
- Premium collection
- Claims management
- Collective bargaining agreement audit and compliance
Unique, value-added services offered by D&R Insurance Administrators Inc.
- Full administration support
- Flexible benefit programs
- Program administrations automation
- Benchmarking- Industry, region, province, employee type, age/sex
- Preferred provider organizations (PPOs)
- Preferred volume discounts negotiated with insurers
- Absenteeism and disability management programs
- Managed drug consulting disease state review
- ASO alternative funding on a per transaction basis
- Workplace wellness strategies
- Protective stop-loss products
- Employee Family Assistance Programs (EFAPs)
