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In the United States, a third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and customer service.
The Texas Pharmacy Association was formed as the Texas Pharmaceutical Association (TPA) in the May 1879 in the back of a pharmacy in Dallas, Texas.The name was updated in 1994 to incorporate the idea of pharmacy as a multidisciplinary field that combines a tangible drug product with an intangible cognitive service, which has been developed to be known as Medication Therapy Management.
The Taxpayers Protection Alliance (TPA) was founded in 2011 [3] with David Williams as its president [4] (a title he continues to hold as of June 2022). [5] In November of that year, the TPA was one of five taxpayer advocacy groups to sign a letter calling for a 10% reduction in pay for Congress members.
Possibly the most common form is the third-party administrator (TPA). [11] The TPA is an independent firm that does not sell associated investment products. A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group .
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In the United States, a self-funded health plan is generally established by an employer as its own legal entity, similar to a trust.The health plan has its own assets, which, under the Employee Retirement Income Security Act of 1974 (“ERISA”), must be segregated from the employer's general assets.
The association is set up on the typical three-tiered fraternal system. Local chapters are known as "posts", state groups are called "state divisions". The national organization is based in St. Louis. In 1979 the TPAA had 290 posts. [5] Currently the association has 35 state divisions, 261 posts and is licensed to sell insurance in 38 states. [6]
Map of states that have passed REPLICA, or have REPLICA legislation introduced as of 12 MAR 2017. The Recognition of EMS Personnel Licensure Interstate CompAct, also known as REPLICA, is an interstate compact that extends a "privilege to practice" in the United States from a 'home state' to 'remote states' for qualified Emergency Medical Services personnel.