TPA

What is a TPA or Third Party Benefits Administrator?

 

Third-Party Employee Benefits Administrators or TPA’s, are prominent players in the health care industry and have the expertise and capability to administer all or a portion of the claims process. They are normally contracted by a health insurer or self-insuring companies to administer services, including claims administration, premium collection, enrollment, and other administrative activities. A hospital or provider organization desiring to set up its own health plan will often outsource certain responsibilities to a third-party administrator.

Third-party employee benefits administrators are companies hired by insurers and self-insured employers to handle their workers’ compensation claims. TPA’s register with the state’s Department of Insurance and their activities are regulated by the Division of Insurance Regulation (DIR). It is the adjuster for the TPA who manages most of what happens on your workers’ compensation claim.  

Most companies find a more suitable alternative is to use experienced Third Party Administration- TPA solutions, like HR Service and B3PA. We come with high levels of knowledge and skill, which can come only from years of expertise in the claim administration industry. Our qualified expert’s process claims more swiftly and more accurately than most companies’ internal claim departments can, and this makes us even more affordable in the long run. 

TPA - Third Party Benefits Administration

With HR Service/B3PA, you get a complete range of benefits and services—from enrolling employees, to processing claims and handling member questions. We’re here to help you find the best benefit plans for your company. We offer employee benefit plan administration within the plans listed below.

COBRA Administration

- TPA offering over 20 years of experience - State-of-the-art systems
- Fast & accurate mail fulfillment
- 24/7 access to online accounts for COBRA participants
- Work with HR staff & COBRA participants
- Dedicated account manager

Health Retirement Account - HRA Plan Administration

- One-on-one consultation for new HRA clients
- Variety of HRA designs & features
- QSEHRA available for small businesses
- B3PA/HR Service keeps up with updated rules/regulations
- Benefit card as a possible option

Flexible Spending Account - FSA Plan

- Health Flexible Spending Accounts allow employees to pay for uncovered medical, dental and vision costs, like deductibles and copays, on a pre-tax basis
- Dependent Care Flexible Spending Accounts allow work-related dependent care on a pre-tax basis
- Flex cards allow easy payout of funds

Health Savings Account - HSA Plan

- HSAs are an excellent way to invest as the dollars are triple-tax advantaged - Participants own their HSAs
- HSAs can become supplemental retirement Account
- Full integration with limited or post-deductible FSA options
- FSA Health Flexible Spending Accounts allow employees to pay for uncovered medical, dental and vision costs, like deductibles and copays, on a pre-tax basis
- Dependent Care Flexible Spending Accounts allow work-related dependent care on a pre-tax basis - Flex cards allow easy payout of funds COBRA
- Over 20 years experience
- State-of-the-art systems
- Fast & accurate mail fulfillment - 24/7 access to online accounts for COBRA participants
- Work with HR staff & COBRA participants

"Ken and his team at HR Service, Inc are dedicated to helping companies navigate the complexity of HR compliance, partner to create a clear path and strategy for human capital initiatives, and build your company."

Why Partner with HR Service for your TPA Solutions?

  • We offer both do-it-yourself (DIY) or full-service options for flexibility and affordability.
  • HR Service, Inc. is your one-stop provider for benefits compliance, HR, and benefits administration.
  • Simplify monthly billing processes and reduce the overall cost of your benefits program.
  • Competitive pricing to ensure you can afford HR Management Solutions and Benefits Administration.
  • We help business owners secure a solid benefits plan to attract and retain high quality employees.
  • We ensure there’s a good balance between the quality of the care you get, and its affordability. This benefits the patient, the insurers, and the whole community, making healthcare accessible and affordable for everyone.
  • HR Service, Inc. has been rated A+ by the Better Business Bureau (BBB) and has been in business for 17 years. 
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