Third Party Administrators (TPAs):
- Must have demonstrable experience and resources to meet your needs and match service expectations
- Can become the face of your company, for information and questions regarding the plan. How TPAs interact with you or your staff is a reflection on your organization
- Provide a higher level of flexibility that comes with knowledge/experience in being able to tailor a plan to business owner’s needs
- Should simplify the process so that employers can reap plan benefits and avoid the risks of managing plan benefits themselves
Partnering with Employers
It’s important to spend time choosing the right Third Party Administrator (TPA) — one that aligns with your business goals and understands your corporate culture.