5 Things to Look for in a TPA

The right TPA partner will keep an eye on your bottom line. Implementing the latest cost-cutting measures while still meeting the needs of the employer is the goal.

Apr 13, 2020

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3 min read

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Does Your TPA Offer a Custom Solution?

There’s no one-size-fits-all solution for employer health benefits. Lucent Health’s self-insured health plans combine strong data and a knowledge of how to use that data to better control costs.

Apr 07, 2020

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3 min read

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Rethink Your Criteria: Are You Assessing TPAs Correctly?

It’s impossible to know what the variable costs of a self-insured plan will be, but a TPA with the right systems in place can help reduce the cost of claims.

Mar 26, 2020

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3 min read

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In considering a move to self-funding, what are some strengths and areas of expertise a TPA should have?

Moving from a fully insured to self-funded plan is enough of an adjustment itself, so making sure you’re aligned with a TPA (third party administrator) you trust and feel comfortable with is a big deal. There are a lot of us out there, so how do you make that...

Nov 08, 2018

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2 min read

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When companies move to self-funding, do they take on a lot of extra work in the day-to-day plan administration?

This is another great question that comes up often! When moving to self-funding, the responsibility for plan administration does shift from the insurance carrier to the employer – but that doesn’t necessarily bring a lot of extra work in-house. That’s because most employers choose to partner with a third party administrator...

Jul 20, 2017

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1 min read

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How do TPAs help employers keep costs down with their self-funded plans?

There are many ways a TPA is involved in managing plan costs, but two things immediately come to mind when considering this question. The first is health claim review and how diligent TPAs are in monitoring member claims to identify any discrepancies or problem areas. If you haven’t heard me...

Jun 15, 2016

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2 min read

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How well do TPAs understand the laws within the Affordable Care Act (ACA) ruling?

As TPAs, we have a responsibility to our clients to understand the laws that affect the employee benefit plans we administer. The Affordable Care Act (ACA) is no exception. Fortunately, many comprehensive-service TPAs – Cypress included – belong to the Society of Professional Benefit Administrators (SBPA), which serves as a...

May 18, 2016

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2 min read

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How does my company go about choosing the best TPA?

Well naturally, I have to put in a plug for Team Cypress here. I’ve heard they’re pretty good at all that employee benefit administration stuff! In all seriousness though, there are so many factors to consider in your search for a TPA and it’s worth doing your homework. How much experience...

Aug 13, 2015

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1 min read

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